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Game Theory in Oligopoly

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  • Marx Boopathi

Abstract

The game theory techniques are used to find the equilibrium of a market. Game theory refers to the ways in which strategic interactions among economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents. The oligopolistic market structures are taken and how game theory applies to them is explained.

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  • Marx Boopathi, 2012. "Game Theory in Oligopoly," Papers 1210.6197, arXiv.org.
    • Handle: RePEc:arx:papers:1210.6197
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    1. Borenstein, Severin & Rose, Nancy L, 1994. "Competition and Price Dispersion in the U.S. Airline Industry," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 653-683, August.
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