Day: October 31, 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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