Static games Vs dynamic games
Ways of representing a game
Equilibrium concepts: NE vs SPNE
Repeated games
Sustainability of collusion in repeated games
Antri-trust policy on collusion
ECON 405. Collusion and Repeated
1
Quantity (OPEC) Game
The game can be
ECON 405.
Game Theory
and Cournot Competition
1
Description of a Game and Equilibrium Concept
A game consists of:
A set of players (e.g. 2 firms (duopoly)
A set of feasible strategies (e.g. prices, quantities, etc)
for all players
A set of payoffs (e.g. p
Industrial Organization 405-000
Emory University - Department of Economics
Spring 2017
_
Instructor:
Maria Arbatskaya
Office Address:
Rich 329
Office Phone:
(404) 727 2770
Email:
[email protected]
Meeting Room:
White Hall 111
Meeting Time:
Office Hours:
T
Sherman Antitrust Act of 1890
Section 1: Outlaws every contract,
combination, or conspiracy, in restraint of
trade.
Section 2: Prohibits monopolization or
attempts to monopolize trade or commerce.
1
Sherman Act, Section 1
The gasoline stations in my area
Additional sample problems on costs (Answers)
1. Assume a computer firms marginal costs of production are
constant at $1,000 per computer.
However, the fixed costs of
production are equal to $10,000.
a.
Calculate the firms average variable cost and averag
Additional sample problems on costs
1. Assume a computer firms marginal costs of production are constant at
$1,000 per computer. However, the fixed costs of production are equal to
$10,000.
a.
Calculate the firms average variable cost and average total co
INFINITE-PERIOD FRAMEWORK
CHAPTER 8
Introduction
BASICS
Modern workhorse macroeconomic frameworks feature an infinite
number of periods
Especially useful for thinking about asset accumulation and asset
pricing
A more realistic (?) view of time
The interse
GOVERNMENT AND FISCAL POLICY IN
THE CONSUMPTION-SAVINGS MODEL
CHAPTER 7
A Government in the Two-Period Model
A DYNAMIC MODEL OF THE GOVERNMENT
So far only consumers in our two-period framework
Introduce government in very simple form
Exists for both perio
SHOCKS
CHAPTER 9
Introduction
BASICS
Shock/shifter
Definition: Some unexpected event that affects economic
fundamentals and hence decisions, but which is unexplained or
unexplainable
Introducing shocks into our frameworks (consumption-leisure,
consumption
Emory University
Department of Economics
Econ 212-000
Spring 2017
Problem Set 3
Instructions: You may solve this problem set in groups of up to 3 students. Submit one solution per group
and make sure to write the names and IDs of every student on the fron
Emory University
Department of Economics
Econ 212-000
Spring 2017
Problem Set 4
Instructions: You may solve this problem set in groups of up to 3 students. Submit one solution per group
and make sure to write the names and IDs of every student on the fron
Econ 405 Industrial Organization
Questions for Chapters 1-2
Chapter 1. Overview
What is Industrial Organization? Why do we need to study IO if we already know
the Supply Demand model?
What is the Structure-Conduct-Performance Paradigm? What is its strengt
1
26 THE MAD, MAD, MAD WI
Mr
and hold it aloft to the honored god. The sacriiic
wealth:1 and keep the sun moving across the sky I '5'
n e not-toodistant past of Renaissa I i I? up
. nce Europe persons accused ' '
s . . of Wltchcraff
_ _ _ _ . . . . I I 4
- Hm am my) and; mQ/mm b, MM UM =6qu
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. Let N LL WM MQABW a; L);MLW) La am MBLLD 61m Magma 31ml \'\/
. tfr at, M; m m Wm my, 3% Mush-hm :0 '
EUCM = ML WM
80 W LLLkaJCL/LL W n
Name:
Exam 1
Date: 10 Feb, 2017
Total Marks: 100
2
1. Find a farmula for the inverse of f (cc) 2 4: : 3.
Y? 'w 23:; * MEL? 5 M
More questions at the back"
(10 pts)
(10 pts) 3. Simplify the following expressions: , (5 X 2 z 10 pts)
('21) ln 10 + 21
Environmental Science Final Exam
Study online at quizlet.com/_2ox6ko
1.
5 Species
Interactions
Predation
Competition
Mutualism
Commensalism
Amensalism
2.
10 Ideas Of
Resilience
Thinking
1) Complex, self-organizing systems
2) Thresholds
3) Domains are link
POLICY FORUM
ECOLOGY
North Atlantic Right Whales
in Crisis
Scott D. Kraus,1* Moira W. Brown,1 Hal Caswell,2 Christopher W. Clark,3
Masami Fujiwara,4 Philip K. Hamilton,1 Robert D. Kenney,5 Amy R. Knowlton,1
Scott Landry,6 Charles A. Mayo,6 William A. McLe
Test II
Introduction to Media Studies, Fall 2016
Dr. Aidman
Due: Monday, December 12, 9:00 a.m. on Canvas. (Do not wait until the last minute!
Lateness will result in points deducted.)
Write no more than one paragraph (150 words maximum) to respond to eac
Catalina Murguia
Micro-Economics
Hugo Mialon
Extra-Credit Paper
The Economic Way of Looking at Life
The lecture by Gary S. Becker The Economic Way of Looking at Life uses an
economic approach to examine social issues such as discrimination against minorit
1. A monopolist firm faces the following cost curve: C(Q) = Q + 12, where Q is the quantity
produced. The demand for its product is given by P(Q) = 24 - Q.
(a) What output level will the monopolist choose in order to maximize its profits?
Answer: MC(Q) =
1. A monopolist firm faces the following cost curve: C(Q) = Q + 12, where Q is the quantity
produced. The demand for its product is given by P(Q) = 24 - Q.
(a) What output level will the monopolist choose in order to maximize its profits?
(b) Calculate th
PsychologicalReports, 2004,94,464-466. O Psychological Reports 2004
MACHIAVELLIANISM SCORES AND SELF-RATED
PERFORMANCE O F AUTOMOBILE SALESPERSONS '
ABDUL AZIZ
School of Business and Economics
College of Charleston, Charleston
Summary.-Machiavellianism (M
In 2013, the market price for a 3,000 square foot home in South Tampa, Florida was $350,000 and 358
new homes were built. In 2014, the market price for a 3,000 square foot home in South Tampa, Florida
increased to $385,000 and, holding all else equal, 534
Horizontal Integration: why do firms produce
different goods for the same market?
Toyota produces the Camry and the Corolla
Chapter
10: Vertical and Horizontal
Vertical Integration: why do some firms produce
Integration
goods which are used as intermedi
Homework assignment #3 due Oct 29 in class
Answer the following questions for each problem below:
a) Set up the described game as a normal form (simultaneous-move) game. Calculate the players
payoffs and enter them in a 2x2 table (normal form representati
Managerial Economics: A Strategic Approach
Class 1. Introduction
This week: Read Chapter 1. Introduction
For next week: Read Chapters 2 and 3.
Plan:
Introductions
Syllabus
Basics
1
Demand Functions
Elasticity
Calculating the Equilibrium Price and Quantity
MARKET STRUCTURE: LINEAR DEMAND AND LINEAR SUPPLY*
1)
In the green cells, type the intercept and slope of the inverse market demand function P = a - bQ and then PRESS ENTER
Intercept (a)
100
Slope (b)
8
2)
In the green cell, type the intercept and slope o