Skip to content
Sign inOpen the app
Artwork for Yale Open Courses ECON 159: Game Theory
Yale Open Courses ECON 159: Game Theory · Jun 3, 2018 · 1 hr 12 min

Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

We apply the notion of Nash Equilibrium, first, to some more coordination games; in particular, the Battle of the Sexes. Then we analyze the classic Cournot model of imperfect competition between firms. We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition.

0:00-1:12:06
Play in podnod

transcript

No transcript — this publisher did not publish one.

show notes

We apply the notion of Nash Equilibrium, first, to some more coordination games; in particular, the Battle of the Sexes. Then we analyze the classic Cournot model of imperfect competition between firms. We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition.

more episodes

All episodes