Microeconomics › Section J · Monopolistic competition and oligopoly › Topic J.5
Game theory applications
Game theory leaves the textbook far behind: it prices advertising slots at auction, predicts when climate promises hold, explains why fairness makes people cut off their own payoffs, and asks whether pricing algorithms can learn to collude on their own. This topic goes beyond the book - into the laboratory, the auction house and the atmosphere.
In this topic
- Where the games go next
- Public goods games in the laboratory
- Worked example: the free-rider's arithmetic
- The ultimatum game: fairness at work
- Auctions: designing the game
- Worked example: why truth wins a second-price auction
- The winner's curse
- Climate agreements: the dilemma at planetary scale
- Bargaining: outside options and patience
- Algorithms learning to collude
- Common mistakes to avoid
- Key takeaways
This topic is part of Wuanberri Pro. Checking your access…