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Exploring Strategic Behavior in an Oligopoly Market Using Classroom Clickers

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  • Keith Brouhle

Abstract

This article discusses an innovative technique to teach strategic behavior in oligopoly markets. In the classroom exercise, students play the role of a firm that maximizes its profit given the behavior of other firms in the industry. Using classroom clickers to communicate pricing decisions, students explore first-hand the strategic nature of decision-making in an oligopoly market. Students see the diversity of equilibrium outcomes that can be supported in an oligopoly setting and better understand the conditions that lead to one equilibrium over another. The game also illustrates different game theoretic concepts such as the Nash equilibrium (Nash 1950, 1951) and backward induction. The exercise is designed for use in an intermediate microeconomics class, although the technique and exercise could be modified for other courses that examine strategic behavior.

Suggested Citation

  • Keith Brouhle, 2011. "Exploring Strategic Behavior in an Oligopoly Market Using Classroom Clickers," The Journal of Economic Education, Taylor & Francis Journals, vol. 42(4), pages 395-404, October.
    • Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:395-404
    DOI: 10.1080/00220485.2011.606093
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    References listed on IDEAS

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    1. Liu, Donald J. & Walker, J.D. & Bauer, Theresa A. & Zhao, Meng, 2007. "Facilitating Classroom Economics Experiments with an Emerging Technology: The Case of Clickers," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9873, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Christina Robinson, 2015. "Classroom Experimentation and an Application from Sports Economics," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 21(4), pages 423-432, November.
    2. Alcalde, Pilar & Nagel, Juan, 2015. "Does active learning improve student performance? A randomized experiment in a Chilean university," MPRA Paper 68994, University Library of Munich, Germany.
    3. Martha L. Olney, 2016. "Explaining "In the Aggregate" Concepts with Clickers," Journal of Economics Teaching, Journal of Economics Teaching, vol. 1(2), pages 71-90, December.

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