Lecture 6 - Nash Equilibrium: Dating and Cournot Overview
1 Stunde 12 Minuten
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vor 7 Jahren
We apply the notion of Nash Equilibrium, first, to some more
coordination games; in particular, the Battle of the Sexes. Then we
analyze the classic Cournot model of imperfect competition between
firms. We consider the difficulties in colluding in such settings,
and we discuss the welfare consequences of the Cournot equilibrium
as compared to monopoly and perfect competition.
coordination games; in particular, the Battle of the Sexes. Then we
analyze the classic Cournot model of imperfect competition between
firms. We consider the difficulties in colluding in such settings,
and we discuss the welfare consequences of the Cournot equilibrium
as compared to monopoly and perfect competition.
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