Author: Tom

Topic 6: Product differentiation

In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different consumers prefer different goods. IO-2014-topic-6.pdf Lecture 1: Lecture 2: Class 8 is under the previous lecture, since we did not discuss product differentiation in it. Class:

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Topic 5: Price discrimination and nonlinear pricing

In this topic, we look at the different varieties of price discrimination which monopolists may perform. IO-2014-topic-5.pdf Lecture: Class 1: Class 2:

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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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