Author: Tom

Lecture 6: Profit reducing price discrimination, and product differentiation

In this lecture we finish last week’s analysis of price discrimination by looking at some cases in which price discrimination actually reduces profits. We go on to analyse horizontal product differentiation models, which are models in which different consumers prefer different goods. Lecture 6: Profit reducing price discrimination, and product differentiation

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Lecture 5: Price discrimination and nonlinear pricing

In this lecture we look at some of the ways a monopolist can obtain higher profits than in the standard monopoly solution. Lecture 5: Price discrimination and nonlinear pricing

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Mock mid-term multiple choice test

Below is the mock mid-term multiple choice test. Mock mid-term multiple choice test

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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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