This course provides an introduction to basic concepts of Game Theory and applies these concepts in fields such as Industrial Organization. (Roughly speaking, Industrial Organization analyses both the functioning of markets and fi
rms' behavior in markets.) This course also serves to prepare students for the course "Method Game Theory 2" and for courses such as Competition Policy or Liberalization and Regulation.
Students should master intermediate microeconomics
1. Static games with complete information and the Nash equilibrium. (Typical application: Cournot model)|
2. Sequential games with complete information and the subgame perfect Nash equilibrium. (Typical application: Stackelberg model)
Type of instructions
2 x 2 hours of interactive lectures and tutorials
Type of exams
Written (single-choice exam)
I will comment on these books during the first class meeting. I recommend that during the course you will consult one of the books listed under 1.-3. and the book listed under 4.
- Robert Gibbons, A Primer in Game Theory, Pearson Education.
- Steven Tadelis, Game Theory: An Introduction, Princeton University Press.
- Martin Osborne, An Introduction to Game Theory, Oxford University Press.
- Jeffrey Church and Roger Ware, Industrial Organization: A Strategic Approach, McGraw-Hill.