1 5--MONOPOLY G406, Regulation, Eric Rasmusen, [email protected] [email protected] October 1, 2013.
Mixed Strategies. Mixed strategy Nash Equilibrium A player using a mixed strategy chooses to ``randomizes between ``pure strategies, assigning a specific.
Game Theory Lecture Jan 18. In Bertrand’s model of oligopoly A)Each firm chooses its quantity as the best response to the quantity chosen by the other(s).
18. Oligopoly Varian, Chapter 27. Two firms, two issues Concentrate on duopoly – easy notation Two issues: 1.What are firms’ choices? –Choose a quantity/quality.
1 ECONOMICS 3200B Lecture 6 Ch. 6, 7 October 22, 2013.
13.4 Product Differentiation
