Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

Update: 2018-06-03

Description

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.

Comments

In Channel

Lecture 24 - Asymmetric Information: Auctions and the Winner's Curse

2018-06-0801:02:28

Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education

2018-06-0801:10:36

Lecture 22 - Repeated Games: Cheating, Punishment, and Outsourcing

2018-06-0801:15:46

Lecture 21 - Repeated Games: Cooperation vs. the End Game

2018-06-0801:15:18

Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition

2018-06-0801:15:36

Lecture 19 - Subgame Perfect Equilibrium: Matchmaking and Strategic Investments

2018-06-0801:17:08

Lecture 18 - Imperfect Information: Information Sets and Sub-Game Perfection

2018-06-0801:15:57

Lecture 17 - Backward Induction: Ultimatums and Bargaining

2018-06-0801:10:44

Lecture 16 - Backward Induction: Reputation and Duels

2018-06-0801:15:40

Lecture 15 - Backward Induction: Chess, Strategies, and Credible Threats

2018-06-0601:12:38

Lecture 14 - Backward Induction: Commitment, Spies, and First-Mover Advantages

2018-06-0601:07:06

Lecture 13 - Sequential Games: Moral Hazard, Incentives, and Hungry Lions

2018-06-0601:10:32

Lecture 12 - Evolutionary Stability: Social Convention, Aggression, and Cycles

2018-06-0601:06:05

Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

2018-06-0601:12:06

Lecture 10 - Mixed Strategies in Baseball, Dating and Paying Your Taxes

2018-06-0401:13:31

Lecture 9 - Mixed Strategies in Theory and Tennis

2018-06-0401:12:52

Lecture 8 - Nash Equilibrium: Location, Segregation and Randomization

2018-06-0401:13:49

Lecture 7 - Nash Equilibrium: Shopping, Standing and Voting on a Line

2018-06-0401:11:21

Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

2018-06-0301:12:06

Lecture 5 - Nash Equilibrium: Bad Fashion and Bank Runs

2018-06-0301:09:13

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Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

#box-pro-ellipsis-175772048476918{-webkit-line-clamp:2;}Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

William Sheppard

Lecture 6 - Nash Equilibrium: Dating and Cournot Overview