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Exploring Strategic Behavior in an Oligopoly Market Using Classroom Clickers


  • Keith Brouhle


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

    1. Todd Kaplan, 2006. "Why banks should keep secrets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 27(2), pages 341-357, January.
    2. Shy Oz & Stenbacka Rune, 2008. "Rethinking the Roles of Banks: A Call for Narrow Banking," The Economists' Voice, De Gruyter, vol. 5(2), pages 1-4, June.
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    Cited by:

    1. 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.
    2. 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.
    3. repec:kap:iaecre:v:21:y:2015:i:4:p:423-432 is not listed on IDEAS

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