Game Theory and Economics—Oligopolies
Lecture no. 19 from the course: Games People Play: Game Theory in Life, Business, and Beyond
Taught by Professor Scott P. Stevens | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses
You explore how game theory is used in economics—a discipline in which five Nobel Prize winners have been game theorists—by seeing how a monopolist determines optimum production levels and how other competitors affect the situation.