ECS541NFB Topics on Economic Analysis involving Game Theory
In the last forty years, researchers in economics have applied game theory to analyze a varied spectrum of economic issues; ranging
from strategic individual decisions to government interventions. The objective of this course is to introduce the students to economic research that compellingly applies game theory. The course will be based on research articles on selected topics and will cover articles ranging from pioneering to very recent.
By successfully completing the course, the students
- how researchers have used game theory to model and analyze economic problems.
- how to identify new and existing important economic problems that can be analyzed using game theory.
- how to model and analyze an economic problem using game theory.
Structure of the Course:
I will present ten double hour lectures. I will strongly encourage discussions during the presentations.
The students should have good knowledge of microeconomics and game theory. Competence in courses such as ECS505 (Advanced microeconomic theory II at NHH) or equivalent will be suffcient.
Pass/Fail options. In order to receive credits, you will need to pass a take-
Topics and Journal Articles:
- Saloner, G., 1987. Cournot duopoly with two production periods. Journal of Economic Theory 42, 183.187.
- Pal, D., 1991. Cournot Duopoly with Two Production Periods and Cost Diferentials, Journal of Economic Theory, 55, 441-448.
- Mujumdar, S., and D. Pal, 2007. Managerial Incentives in a Two Period Cournot Duopoly, Games and Economic Behavior, 58, 338-353.
- Anand, K., and K. Girotra, 2007. The Strategic Perils of Delayed Di¤er-entiation, Management Science, 53, 697-712.
State-owned Enterprises and Privatization:
- Fjell, K., and D. Pal, 1996. A Mixed Oligopoly in the Presence of Foreign Private Firms, Canadian Journal of Economics, 29, 737-743.
- Matsumura, T., 1998. Partial Privatization in Mixed Duopoly, Journal of Public Economics, 70, 473-483.
- De Fraja, G., 2009. Mixed Oligopoly: Old and New, Working Paper. University of Leicester. Government Regulation and Antitrust:
- Sappington, D., 2005. On the Irrelevance of Input Prices for Make-or-Buy Decisions, American Economic Review, 95, 1631-1638.
- Klumpp, T. and X. Su, 2010. Open Access and Dynamic Effciency. American Economic Journal: Microeconomics, 2, 64-96.
- Fjell, K., Foros, O., and D. Pal, 2010. Endogenous Average Cost Based Access Pricing. Review of Industrial Organization, 36, 149-162.
- Bose, A., Pal, D., and D. Sappington, 2012. On the Trade-offs Between Antitrust and Regulation, Work in Progress. University of Cincinnati.
- Fjell, K., Pal, D., and D. Sappington, 2012. Advantages of Endogenous Access Pricing. Working paper. University of Cincinnati. Sabotage in Tournaments and in Teams:
- Lazear, E., and S. Rosen, 1981. Rank-Order Tournaments as Optimum Labor Contracts. Journal of Political Economy, 89, 841-864.
- Harrington, J., and G. Hess, 1996, A Spatial Theory of Positive and Negative Campaigning, Games and Economic Behavior, 17, 209-229.
- Bose, A., Pal, D., and D. Sappington, 2010. Equal Pay for Unequal Work: Limiting Sabotage in Teams, Journal of Economics andManagement Strategy, 19, 25-53.
- Crawford, V., and J. Sobel, 1982. Strategic Information Transmission, Econometrica, 50, 1431-51.
- Chakraborty, A. and R. Harbaugh, 2007. Comparative Cheap Talk, Journal of Economic Theory, 132, 70-94.
- Chakraborty, A. and R. Harbaugh, 2010. Persuasion by Cheap Talk, American Economic Review.
If you need to refresh your knowledge of Game Theory, you may .nd the
following books useful:
- Andreu Mas-Colell, Michael Whinston and Jerry Green. 1995. Microeconomic Theory, Oxford University Press.
- Joseph Harrington. 2009. Games, Strategies, and Decision Making. Worth Publishers.
- ECTS Credits
- Teaching language
Debashis Pal, University of Cincinnati, Cincinnati, Ohio, USA