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Текст реферата Topic: Is Collusion Possible?
Student: Matyukhin Anton,
2 group.Teacher: Alla Friedman.
Международный Институт Экономики и Финансов, 3 курс.
Высшая Школа Экономики
Essay in Microeconomics.
Topic:
Is Collusion Possible?
18.12.2000
Contents:
1. Introduction.
2. Two types of behaviour (Collusive and non-collusive).
3. Game theory.
a.) Concept.
b.) The problem of collusion.
c.) Predatory pricing.
4. Repeated games approach.
a.) Concept.
b.) Finite game case.
c.) Infinite game case.
i.) & nbsp; ; “Trigger” strategy
ii.) Tit-for-Tat.
d.) Finite game case, Kreps approach.
5. The motives for retaliation.
6. Conclusion.
7. Bibliography.
1. Introduction.
In this essay I would discuss the price and output determination under the one essential type of imperfect competition markets- oligopoly. Inter-firm interactions in imperfect markets take many forms. Oligopoly theory, those name refers to “competition among the few”, lack unambiguous results of these interactions unlike monopoly and perfect competition. There is a variety of results derived from many different behavioural assumptions, with each specific model potentially relevant to certain real-world situations, but not to others.
Here we are interested in the strategic nature of competition between firms. “Strategic” means the dependence of each person’s proper choice of action on what he expects the other to do. A strategic move of a person influences the other person’s choice, the other person’s expectation of how would this particular person behave, in order to produce the favourable outcome for him.
2. Two types of behaviour (Collusive and non-collusive).
