1 Welcome to EC 209: Managerial Economics- Group A By: Dr. Jacqueline Khorassani Week Ten.
Bertrand and Hotelling. 2 Assume: Many Buyers Few Sellers Each firm faces downward-sloping demand because each is a large producer compared to the total.
Game Theory Lecture Jan 18. In Bertrand’s model of oligopoly A)Each firm chooses its quantity as the best response to the quantity chosen by the other(s).
UNIT III: COMPETITIVE STRATEGY Monopoly Oligopoly Strategic Behavior 7/21.
ECON 100 Tutorial: Week 9
Dynamic Games and First and Second Movers. Introduction In a wide variety of markets firms compete sequentially –one firm makes a move new product advertising.