GAMES, INFORMATION AND CONTRACT THEORY AND INDUSTRIAL ORGANISATION AND COMPETITION POLICY
GAMES, INFORMATION AND CONTRACT THEORY
Syllabus
Updated A.Y. 2016-2017
Part I
Static games of complete information. Iterated elimination of strictly.
Nash equilibrium in pure strategies. Nash equilibrium in mixed strategies. Cournot's model. Bertrand's model. Hotelling's model.
Reference: Gibbons (1992, Ch. 1), Osborne (2003, Ch. 2&3)
Part II
Dynamic games with complete information. Extensive form games and backward induction. Subgame perfect Nash equilibrium. Stackelberg model of duopoly. Repeated games: two-stage repeated games and infinitely repeated games.
Reference: Gibbons (1992, Ch. 2).
Part III
Static Games of incomplete Information. Normal-form representation of static bayesian games. Bayes-Nash equilibrium.
Reference: Gibbons (1992, Ch. 3).
Exam
The final exam consists of a written test only.
Textbooks:
- Gibbons, Robert (1992): A Primer in Game Theory. Princeton, NJ: Princeton University Press.
- Osborne, Martin (2003): An introduction to Game Theory. New York, NY: Oxford University Press.