1 W3C Rules Interchange Format Basic Logic Dialect Chris Welty IBM Research & RIF WG co-Chair.
Strategic competition among the few –Strategic competition is analysed using game theory Need to revise 2 person simultaneous move games and Nash equilibrium.
Strategic competition and collusion Oligopolists need to ensure that they all restrict output – collusion is sustained AND (in the same way as monopolists)
Eliciting Honest Feedback 1.Eliciting Honest Feedback: The Peer-Prediction Model (Miller, Resnick, Zeckhauser) 2.Minimum Payments that Reward Honest Feedback.
Monopoly and Antitrust. Inefficiency of Monopoly Competitive Outcome P = P C = MC Q = Q C Monopoly Outcome P M > P C = MC Q = Q M < Q C MR D MC QMQM PMPM.
Problem 10.4: Sealed-bid, first Price Auction Independent private values Probability is ¾ that a bidder has value H and ¼ that bidder has value L, where.
1 Atomic Routing Games on Maximum Congestion Costas Busch Department of Computer Science Louisiana State University Collaborators: Rajgopal Kannan, LSU.
Math Intro: Matrix Form Games and Nash Equilibrium.
Clicker Question-A Chicken Game 0, 0 0, 1 1, 0 -10, -10 Swerve Hang Tough Swerve Hang Tough Player 2 Pllayer 1 Does either player have a dominant strategy?
© 2009 Pearson Education Canada 16/1 Chapter 16 Game Theory and Oligopoly.
Econ 522 Economics of Law Dan Quint Spring 2014 Lecture 4.
1 Economics 776 Experimental Economics First Semester 2007 Topic 5: Coordination Games Assoc. Prof. Ananish Chaudhuri Department of Economics University.
