Month: October 2014

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

In this topic we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We begin by reminding ourselves of the origins of Cournot competition, and then go on to analyse collusion in dynamic oligopoly, and repeated games. IO-2014-lecture-4.pdf Note that since we did not cover any of these […]

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Mock mid-term short answer test

Below is the mock mid-term short answer test. IO-2014-mock-mid.pdf

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Topic 3: Further static oligopoly

In this topic we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two. IO-2014-lecture-3.pdf 1st Lecture: 2nd Lecture: 1st Class: 2nd Class: 3rd Class:

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Topic 2: Basic oligopoly

In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly. IO-2014-lecture-2.pdf Lecture: Note that in my rush to get through those Bertrand examples, I may have slightly mislead you about the fourth and fifth ones. To recall, the fourth one […]

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Jean Tirole wins the 2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Tirole has made many huge contributions to the field of Industrial Organisation that we’re studying this semester. I know I’m a bit late on this as I’ve been away, but here’s a nice summary of why Tirole deserved to win the prize. We’ll be seeing some of his work later in the Industrial Organisation course, […]

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