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Nash Equilibrium: Dating and Cournot

Nash Equilibrium: Dating and Cournot: 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.

Related Topics

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  2. Subgame Perfect Equilibrium: Matchmaking and Strategic Investments
  3. Evolutionary Stability: Cooperation, Mutation, and Equilibrium
  4. Mixed Strategies in Baseball, Dating and Paying Your Taxes
  5. Computing Equilibrium
  6. Utilities, Endowments, and Equilibrium
  7. Hardy-Weinberg Equilibrium
  8. Mixed Strategy Equilibrium: Be Unpredictable (2 of 4)
  9. Subgame Perfect Equilibrium: Wars of Attrition
  10. Mixed Strategy Equilibrium: Be Unpredictable (3 of 4)