ch17-寡头PowerPoint.pptVIP

本教学PPT双语版由浙江工商大学经济学院 陈宇峰 编译 早会培训 ----北京保费部 * The title I have given this game (the “fare wars” game) might be too much of a hint about what happens in the Nash equilibrium. Feel free to change it to something like “airfare pricing strategies.” * * The first example, “ad wars,” is not mentioned in the textbook. An interesting note: When Congress banned cigarette advertising on television in 1971, cigarette manufacturers’ profits rose. Prior to the ban, cigarette companies were stuck in a Nash equilibrium in which all were spending heavily on TV ads to steal business from each other. Th