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
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?