Chapter 17: Oligopoly
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- Опубликовано: 1 авг 2024
- Here's a link to the clip from the movie A Beautiful Mind
• Governing Dynamics: Ig...
Comparison of different market structures 0:22
Characteristics of oligopoly 6:06
Examples of oligopoly 9:04
With oligopoly, we study strategic interaction between firms 11:04
The study of game theory 14:44
Example of a two-firm game (duopoly) 17:21
- The monopoly outcome in this example 24:45
- The perfect competition outcome in this example 27:02
- The likely outcome in this example 28:56
- The incentive to collude 29:31
- Collusion is unlikely 31:10
The conflicting incentives of self interest and group interest 38:47
The prisoner's dilemma 40:58
- The game matrix 45:31
- How to find the likely outcome of the game 50:43
- Dominant strategies 53:00
- The Nash Equilibrium 56:20
Under what conditions is it more likely to observe cooperation (collusion)? 1:00:54
Portrayal of Nash equilibrium in A Beautiful Mind 1:06:31
Another duopoly example (low price vs high price) 1:12:10
Advertising as a dominant strategy 1:21:28
The nuclear arms race as an example of the prisoner's dilemma 1:30:05
Dirty campaigning as an example of the prisoner's dilemma 1:32:50
Summary of the oligopoly chapter 1:36:18
The fact that you, as a teacher, deserve so much more recognition. You're the only reason I'm passing eco in uni
@@saadatali4512 sae bat hai saadat paise zaya kiye
TOTALLY AGREE, he has singlehandedly helped me with my econ class.
You are so far the best Economics professor in my heart, Mr.Azevedo! You made me get access to economics easier and ignite my passion for this field. I can't thank you enough professor 😍🥺❤
Thank you! I appreciate the kind words!
Hello Professor! I am watching your videos from Turkey for my Microeconomics class and now I love Economics more as a hobby than studying. I realized that I am interested in Economics thanks to you ! Thank you so much !
thank you so much sir , you have no idea how helpful your videos are
You're welcome! I'm glad the videos help!
OOHHH MY GOD you just blew my mind with the "Beautiful mind clip"... hahaha I have heard of guys picking up women like this and now there is theoretical knowledge behind it hahaha. I am a 32-year-old Australian and have just enrolled in Queensland university of technology, I am about to study Business majoring in Economics and I have stumbled across all of your videos and it is now a book that I can not put down. I am hoping that all of this knowledge will give me a head start, so thank you so very very much and I will report back when I am finished with all of your lessons.
Hi Marshall! Glad the videos have helped you out. Good luck with your studies.
thank u so much I've watched almost every micro videos
You're welcome!
Thank you very much, you are a great help for me. I study in Norway, but your videos are a guide that illuminates the way in my studies
I'm glad to have been able to help! Thanks for watching!
these videos are so well made and I learn more here then from my online college professor, thank you so much for making these and keeping me feeling like I can comprehend this overwhelming amount of information in an engaging way. I feel like you are more my college professor than my actual professor, I hope you get recognition you deserve.
I'm very happy to hear that the videos are helping you out! Happy to be your extra professor. ;)
Please be my teacher at Reichman University in Israel. You are awesome. You, Milton Friedman, and Thomas Sowell, fostered my love for Econ.
Thank you for the kind comments Naomi! It's an honor to be able to help.
My condolences to myself for not knowing your channel earlier! Thanks professor
I'm glad you found the channel!
thanks a lot for this wonderful lecture
You're welcome!
Great work sir,do more videos like this
Thank you, sir, you're soooooo helpful!!!!! what an amazing video.
I would find this at the end of the semester. I would have been watching these videos.
Better late than never, I guess. Glad you found them.
Thank you dear Prof., you are born teacher. I subscribe immediately.
very informative this how education should be
I really love this professor, is there any way I can purchase for a course of principle of economics videos by this professor? Thanks alot
Thank you a lot !
There is a dope french video that illustrates very well the prisonners dilemma its called "le dilemme du prisonnier" by Wil Aime (with english subtitles) if you still have trouble understanding it !
Great .....very helpful
thank you! beyond competition from any future phd economics student!
sir, You are amazing.
Thanks!
Really very helpful. You should make much more videos.
Thanks! Visit my RUclips channel....I have many more.
you are the best
I appreciate that! Happy to help!
So, i have arrived at game theory( Watched this video up to the 60-minute mark so far)! I haven't studied it, but I know it's a rigorous mathematical discipline. However, I find the aspect of examples that dictate human thought in the theory quite discomforting. Simplification is acceptable (since human thought is incredibly complex, and currently there is no mathematics that can quantify human thinking completely). however For instance, if someone is educated about the prisoner's dilemma, they would still engage in rational thinking but would list out four possible outcomes to consider probabilities, rather than just thinking along the two paths presented in the example. The mode of thinking in the example is obviously incomplete, which I would call 'branching linear thinking.' This type of thinking is somewhat akin to gravity, where Nash equilibrium resembles the lowest stable point, and team optimality is like the unstable summit of a mountain. This gravitational force might cause the resultant point to move towards the lowest energy point. However, if it starts at the highest point, it wouldn't move.
kindly make a video on Frontiers of Microeconomics, thank you.
hi professor, I totally enjoyed your course, thanks. may I know if you have video series for macroeconomics? would u share the link pls?
I do. Here's a link: ruclips.net/user/DrAzevedoEconvideos
@@DrAzevedoEcon thnx
learned a lot from you. thanks for educating everyone through this. On the other hand how do you make video like this? like writing in front. Unlike normal setup teachers, professors wiring in blackboard and tends to turn back from student?
You're welcome. The videos are done with what is called a light board. It's a piece of glass in front of me that I write on. The camera is on the other side and the image is reversed so that it's readable.
thank you
You're welcome!
❤
Plz, make video on externality and public good
Here's one: ruclips.net/video/2WwHW8tXUro/видео.html
@@DrAzevedoEcon wow. why is that video isn't listed sir? btw great lessons.
If I can give you 100 thumbs up, I would love to!
Ha! Thank you!
Thank you, very much Sir