ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Answer key for Problem Set #1
Due in class October 1, 2013 (Tuesday)
Please type your answers except gures and equations. On your cover sheet,
please write down your name, student ID number, p
ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Problem Set #1
Due in class October 1, 2013 (Tuesday)
Please type your answers except gures and equations. On your cover sheet,
please write down your name, student ID number, people you worke
UNIVERSITY OF TORONTO
Faculty of Arts and Science
October 2012 PROBLEM SET 1 ANSWER-KEY1
ECO380 - Managerial Economics I
Carlos J. Serrano
Question 1: Industry analysis [30 points]
Consider the following case study of the Dell Computer Corp., which you ca
ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Answer key for Problem Set #2
Due in class October 29, 2013 (Tuesday)
Problem 1. There are two companies who oer tax return services in College Springs:
H & R Block and Bills Financial Service
UNIVERSITY OF TORONTO
Faculty of Arts and Science
December 2012 FINAL EXAMINATION
EC0380H1F
Duration - 3 hours
Non-programmable calculators are allowed
No other aids allowed
Instructions. PRINT YOUR NAME LEGIBLY ON YOUR ANSWER BOOK
LETS. ANSWER ALL QUESTI
Dynamic Games Intro
Stackelberg Model
Sequential Price Setting Models
Low Price Guarantees
Dynamic Games and the Stackelberg Model
Yao Luo
ECO380 - University of Toronto
Fall 2013
Stackelberg Games
ECO380 - University of Toronto
Dynamic Games Intro
Stacke
UNIVERSITY OF TORONTO
Faculty of Arts and Science
December 2010 EXAMINATION
ECO380F
Duration - 3 hours
Non-programmable calculators are allowed
No other aids allowed
Instructions. PRINT YOUR NAME LEGIBLE ON YOUR ANSWER BOOKLETS. ANSWER ALL QUESTIONS. Tota
ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Problem Set #3
Due in class Novembr 26, 2013 (Tuesday)
Problem 1. TomsonBook is the monopoly publisher which produces the textbook
Corporate Economics. TomsonBook sells in two separate markets
ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Problem Set #3
Due in class Novembr 26, 2013 (Tuesday)
You may submit handwritten homework assignments. Make sure your writing
is neat; illegible assignments will not be marked. Multi-page ass
ECO380 Managerial Economics I: Competitive Strategy, Fall 2013
Term Test
Problem 1. Answer the following questions as best you can based on what you have
learned from the course. Partial answers will receive partial credit.
1. What is the N-rm concentrati
ECO380 Markets, Competition, and Strategy, Fall 2014
Term Test
Read each problem carefully and answer each part as best as you can. Partial credit
will be given, so please show your work. Number each part of your answers. Each problem
may contain several
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Course overview
Administrative information
Content: a review of the "baseline": Perfect Competition
Overview: Markets, Competition, and Strategy
One semester
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Outline
:
Dierent auction variants may lead to the same outcome
Revenue equivalence theorems
Today:
Common value auctions
Matching markets
Last time
Next week:
Bou
ECO380: Tutorial Problem Set - For Tuesday, September 27, 2016
Perfect Competition, Monopoly, and Third-Degree Price Discrimination
1. [Perfect Competition] Suppose there are 100 rms competing in perfect competition. These rms face
a market demand of
QD =
ECO380: Tutorial Problem Set - For Tuesday, November 6, 2016
Sequential-move games, Repeated games, and Collusion
1. [Stackelberg] Two rms compete in Stackelberg competition. They face a demand given by P =
240 2Q = 240 2(q1 + q2 ). Firm 1 moves rst, and
ECO380: Tutorial Problem Set - For Tuesday, October 4, 2016
Perfect Competition, Monopoly, and Third-Degree Price Discrimination
1. [1st Degree Price Discrimination] Suppose that there are two individuals, A and B, who purchase goods
from a monopolist. A'
ECO380: Tutorial Problem Set - For Tuesday, October 11, 2016
Game Theory and Cournot Duopoly
1. [Iterated Deletion] Consider the following games.
(a) Iterated Deletion of Strictly Dominated Strategies: Apply IDSDS to the following game:
A
B
C
D
E
V
1,2
0,
Introduction
Private Value
Common Value
Almost Common Value
Auction Design
Auctions
Yao Luo
ECO380 - University of Toronto
Fall 2014
Auctions
ECO380 - University of Toronto
Introduction
Private Value
Common Value
Almost Common Value
Auction Design
Motivat
ECO380 - Fall 2016
Prof. McNeill
Extra practice problems:
In addition to the problems assigned in the tutorial sections, those on the problem set, and those found in
your textbook, here are some additional problems you could use to help study for your ECO
Multi-Product Firms
Pure Bundling
Mixed Bundling
Product Tie-ins
Anti-Trust Issues
Commodity Bundling and Tie-in Sales
Yao Luo
ECO380 - University of Toronto
Fall 2014
Bundling & Tie-ins
ECO380 - University of Toronto
Multi-Product Firms
Pure Bundling
Mix
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Monopoly and the monopolist's optimization problem. [Ch 2]
Non-uniform pricing [Ch 5]
Reminder: Calculus is in the appendix, and is required.
Foundational Ass
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today: Game Theory and Cournot Competition
Today, we begin looking at the strategic interaction between
rms.
Moving away from monopoly to multiple rms, but not gettin
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Price Competition (Bertrand)
Capacity Constraints
Spatial models
Last time:
Cournot Competition:
Duopoloy (oligopoly) model
Undierentiated product
Simultaneous
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today: Pricing Strategies II
(From last time) Welfare eects of Third-degree price
discrimination
First-degree price discrimination (perfect, or personalized
prices)
Introduction
Perfect Price Discrimination
Group Pricing
Two-Part Taris
Menu Pricing
Price Discrimination
Yao Luo
ECO380 - University of Toronto
Fall 2014
Price Discrimination
ECO380 - University of Toronto
Introduction
Perfect Price Discrimination
Group P
UNIVERSITY OF TORONTO
Faculty of Arts and Science
April 2012 FINAL EXAMINATION
ECO380H18
Duration 3 hours
Non-programmable calculators are allowed
No other aids allowed
Instructions. PRINT YOUR NAME LEGIBLY ON YOUR ANSWER BOOK-
LETS. ANSWER ALL QUESTIONS.
ECO380 Markets, Competition, and Strategy, Fall 2015
Problem Set #3
Problem 1. TomsonBook is the monopoly publisher which produces the textbook
Corporate Economics. TomsonBook sells in two separate markets, domestic market
and international market. The in
Finite Horizon Games
Infinite Horizon Games
Collusion and Repeated Games
Zhe Yuan
ECO380 - University of Toronto
Winter 2016
Collusion in Practice
Finite Horizon Games
Infinite Horizon Games
Collusion in Practice
Explaining Price-Fixing
Very broadly, the
ECO 380 Problem Set 1
University of Toronto
Summer 2015
Instructor: Zhe Yuan
Question 1: Firms 1 and 2 have demands qi (pi ; pj ) = 24
5Pi + 2Pj and C(q) = 0.
M
(a) What are the joint-maximizing prices of rm 1 and rm 2? Call these prices pM
1 ; p2 . What
Pure Bertrand Duopoly
Capacity Constraints
Heterogeneous Firms
Minimum Unit of Money
Bertrand Competition
Zhe Yuan
ECO380 - University of Toronto
Winter 2016
Fixed Cost
Pure Bertrand Duopoly
Capacity Constraints
Heterogeneous Firms
Minimum Unit of Money
F