Summary

Keywords

Best response Coordination games Cournot duopoly Dominated strategies Monopoly Multiple Equilibria Nash

Full Transcript

Game Theory (ECON 159) We apply the notion of Nash Equilibrium, first, to some more coordination games; in particular, the Battle of the Sexes. Then we analyze the classic Cournot model of imperfect competition between firms. We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition. 00:00 - Chapter 1. Coordination Games: Scope for Leadership and Strategic Complements 04:59 - Chapter 2. Coordination Games: The Battle of the Sexes 18:37 - Chapter 3. Cournot Duopoly: Math 53:28 - Chapter 4. Cournot Duopoly: Real World Examples Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Fall 2007.

Continue this lesson in the app

Install CourseHive on Android or iOS to keep learning while you move.

Related Courses

Beginner's Guide to Web Design: Complete Course

Master Web Design: From Basics to Brilliance with Flux Academy's Comprehensive Free Course!

⭐ 4.2

11 ratings

7.3 hours

Develop Communication, Voice, Interpersonal & English Skills for FREE! Better Than a Paid Course | Best Playlist for Improving Communication Skills

Unleash Your Voice: Master Communication with Tips from Global Experts! Transform your speaking skills, boost confidence, and connect effortlessly with our dynamic course featuring world-renowned communication strategies. Elevate your impact today!

⭐ 4.0

4 ratings

42 hours