Month: October 2013

Lecture 4: Will profits in reality be higher or lower than under Cournot?

In this lecture we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We look at the origins of Cournot competition, and analyze collusion in dynamic oligopoly. Lecture 4: Will profits in reality be higher or lower than under Cournot?

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Lecture 3: Further static oligopoly

In this lecture we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two. Lecture 3: Further static oligopoly

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Lecture 2: Basic oligopoly

In this lecture, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly. View Lecture 2: Basic oligopoly on Scribd An alternative version of the above video is here.

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Lecture 1: Introduction to Industrial Organisation

In this lecture, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly. Lecture 1

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Here we go again! Welcome to the 2013 slides!

This year’s course will be very similar to the 2012 one, which you can see by clicking on the links on the left, below the title of this post. Again, the textbook is: Oz Shy: “Industrial organization: Theory and applications” (338.6 SHY) “Goldilocks” level difficulty (I hope). Alternative texts: Jean Tirole, “The Theory of Industrial […]

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