Game Theory: Oligopolies
نویسنده
چکیده
In a survey of oligopoly models, techniques of game theory are adapted to find market equilibria and understand deciding forces for firms. We look at situations with increasing complexity, to develop a better understanding of the usefulness of the game theory in market analysis. Initially, we explore the basics of game theory. Then, following an introduction of basic microeconomics, we explore simple static games of competitive interaction. Finally, we add complexity to these models to explore the effects of time and repeated interactions.
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