Industrial Organization Flashcards
1
Q
Industrial Organization definition
A
2
Q
Market definition
A
3
Q
Market power definition
A
4
Q
Perfectly competitive market characteristics
A
5
Q
D-S model
A
6
Q
Budget constraint
A
7
Q
Preference relations
A
8
Q
Utility
A
9
Q
Utility Maximization Process (UMP)
A
10
Q
Aggregate demand
A
11
Q
Elasticity
A
12
Q
Consumer and producer surplus
A
13
Q
Production funciton
A
14
Q
Cost minimization
A
15
Q
Cost curves
A
16
Q
Maximization problem in perfect competition
A
17
Q
Short-run vs Long-run
A
18
Q
Economic rent
A
19
Q
Monopoly profit maximization
A
20
Q
Markup pricinig in monopoly
A
21
Q
Deadweight loss
A
22
Q
Types of regulation on monopolies
A
23
Q
Theories on regulations of monopolies
A
24
Q
Competitive selection model
A
25
Monopolistic competition model
26
The fundamental theorem
27
Externalities
28
Solution to externalities
29
Imperfect information
30
Elements of game theory
31
Iterated elimination of dominated strategies
32
Nash equilibrium
33
Oligopoly
34
Bertrand model
35
Ways to avoid the Bertrand trap
36
Cournot model
37
Convergence to the Cournot equilibrium
38
Cournot model with n firms
39
Lerner index in a duopoly
40
Cournot model with exchange rate
41
Sequential games
42
Finite repeated games (equilibrium)
43
Infintely repeated games (grim trigger strategy)
44
Collusion definition
45
Cartel definition
46
repeated Bertrand game
47
Repeated Cournot model
48
Discount factor
49
Folk theorem
50
Market characteristics that facilitate collusion
51
Bertrand model graph
52
Cournot model graph
