(3 units). This course studies the strategic behavior of firms in imperfectly competitive markets in static and dynamic contexts using game theory. Topics covered include concentration measures, capacity constraints, uncertainty and asymmetric information, oligopoly with and without free entry, sequential price and quantity competition, spatial competition, informative and persuasive advertising, cartels and punishment strategies, horizontal mergers and antitrust, strategic entry deterrence, bundling, innovation and research & development, intellectual property rights, and network goods. Course Component: Lecture Prerequisite: ECO 2145.
(3 units). This course studies the strategic behavior of firms in imperfectly competitive markets in static and dynamic contexts using game theory. Topics covered include concentration measures, capacity constraints, uncertainty and asymmetric information, oligopoly with and without free entry, sequential price and quantity competition, spatial competition, informative and persuasive advertising, cartels and punishment strategies, horizontal mergers and antitrust, strategic entry deterrence, bundling, innovation and research & development, intellectual property rights, and network goods. Course Component: Lecture Prerequisite: ECO 2145.
