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Applications to Industrial Organization

In: Strategy and Game Theory

Author

Listed:
  • Felix Munoz-Garcia

    (Washington State University)

  • Daniel Toro-Gonzalez

    (Universidad Tecnológica de Bolívar)

Abstract

This chapter helps us apply many of the concepts of previous chapters, dealing with simultaneous- and sequential-move games under Complete information complete information, to common industrial organization problems. In particular, we start with a systematic search for pure and Mixed strategy mixed strategy equilibria in the Bertrand game Bertrand game of Competition in prices price competition between two symmetric firms, where we use several figures to illustrate our discussion. We then extend our explanation to settings in which firms are allowed to exhibit different costs.

Suggested Citation

  • Felix Munoz-Garcia & Daniel Toro-Gonzalez, 2016. "Applications to Industrial Organization," Springer Texts in Business and Economics, in: Strategy and Game Theory, chapter 0, pages 145-181, Springer.
  • Handle: RePEc:spr:sptchp:978-3-319-32963-5_5
    DOI: 10.1007/978-3-319-32963-5_5
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