ECO380: Tutorial Problem Set - For Wednesday, November 1st, 2017
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
ECO380: Problem Set 2
For Wednesday, March 29, 2017
A reminder:
Problem sets are due in class on Wednesday, March 29th. Please bring your problem set to the section
in which you are enrolled.
You must
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ECO380 Midterm 2016 - Solutions
1. [3rd Degree Price Discrimination] There is a monopolist who sells her product in two markets (A) and
(B). The demand for her p
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Outline
:
Dierent auction variants may lead to the same outcome
Revenue equivalence theorems
If those conditi
University of Toronto
Department of Economics
ECO380 Markets, Competition, and Strategy
Course Outline: Summer 2017
Updated May 15, 2017
Professor John McNeill ([email protected])
Office: 344 M
ECO380: Problem Set 1- For Tuesday, May 30th, 2017
A reminder:
Problem sets are due in class on Tuesday, May 30th, 2017.
You must submit a physical copy of your problem set.
Be sure to put your name a
ECO380 - Summer 2017
Prof. McNeill
Suggested Solutions:
The suggested solutions below are intentionally minimal; they are intended to help you judge whether you
have solved the problem correctly, not
ECO380 - Summer 2017
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 add
ECO380: Problem Set 1- For Tuesday, May 30th, 2017
A reminder:
Problem sets are due in class on Tuesday, May 30th, 2017.
You must submit a physical copy of your problem set.
Be sure to put your nam
ECO380: Problem Set 2
For Thursday, June 22, 2017
A reminder:
Problem sets are due in class on Thursday, June 22.
You must submit a physical copy of your problem set.
Be sure to put your name and s
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Auctions
Matching Markets
Bounded Rationality
Next Week:
Shifting gears to Market Design
Before:
Behavior
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Dixit (the second half)
Auctions (Part 1)
From Last Class
Government anti-cartel regulations
The star
ECO380: Tutorial Problem Set - For Tuesday, May 23, 2017: Suggested Solutions for Q2-Q4
Note: we are only posting solutions to those problems we did not have time to cover in tutorial.
Third-Degree Pr
ECO380: Tutorial Problem Set - For Tuesday, September 27, 2016
Perfect Competition, Monopoly, and Third-Degree Price Discrimination
(4) [Monopoly-Price Discrimination] Suppose the monopolist from Prob
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Previously:
Sequential Games
When can rms make credible threats?
Subgame-perfect Nash equilibria - strategy m
ECO380: Markets, Competition, and Strategy
Professor John McNeill
University of Toronto
Today:
Price Competition (Bertrand)
Capacity Constraints
Spatial models
Administrative Stu:
Accessibility Servic
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: Calculu
ECO380: Problem Set 1- For Wednesday, February 15th, 2017
A reminder:
Problem sets are due in class on Wednesday, February 15th, 2017.
You must submit a physical copy of your problem set.
Be sure t
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
University of Toronto
Department of Economics
ECO380 Markets, Competition, and Strategy
Course Outline: Winter 2017
Updated January 10, 2017
Professor John McNeill ([email protected])
Office: 3
ECO380: Tutorial Problem Set - For Tuesday, November 22, 2016
Dixit
1. [Dixit] In a given marketplace there is an incumbent who has a constant marginal cost of production
M C1 = 10. There is a potenti
M C(q) = 10
M RA = 60 0.5QA
M C = 10 QA = 100
QB = 35
PA = 35 PB = 27.5
10)(35) = 3112.5 > 3037.5 = N oDiscrimination
M R = 55
Q/3
M RB = 45 QB )
(35 10)100 + (27.5
M R = 60 0.5Q
Pa = 35 Qa = 100 Pb =
P = 360
N
M C = 10
N =2
N = 3.
N =3
0.25Q
Q
P = 100 Q
2
M C = 12
F = 1000
q
q
F = 1000
= 0.95
q
q
C(q) = 40000q 2
K1 ,
M1
V1
P =A
w
r
A, B w,
r
F2
w
r
P = 900
Q
Q = q1 + q2
BQ
b(Vi ) = aVi
a
ECO380 Markets, Competition, and Strategy, Fall 2014
Problem Set #3
Problem 1. TomsonBook is the monopoly publisher which produces the textbook
Corporate Economics. TomsonBook sells in two separate ma
ECO380 Markets, Competition, and Strategy, Fall 2014
Problem Set #2
Problem 1. Two independent ice cream vendors own stands at either end of a 2
mile long beach. Everyday there are 200 beach-goers who
ECO380 Markets, Competition, and Strategy, Fall 2014
Answer key for Problem Set #1
Problem 1. Suppose that, in a large city, 200 identical street vendors compete in a
competitive market for hot dogs.