Microeconomics II

Important:

T.A.

Luciano Mancuso Salomão

Avisos

28/08/2023: Listas 1 e 2 atualizadas.

04/09/2023: Aulas desta semana na sala 03-B2.

Material

Syllabus

Bibliography

D. Fudenberg, and J. Tirole. Game Theory. MIT Press, 1991. (FT)

R. Gibbons. A primer in game theory. Harvester Wheatsheaf, 1992. (Gb)

A. Mas-Colell, M. Whinston, and J. Green. Microeconomic Theory. Oxford University Press, 1995. (MWG)

M. J. Osborne, and A. Rubinstein. A Course in Game Theory. MIT Press, 2012. (OR)

G. Jehle Geoffrey and P. Reny. Advanced Microeconomic Theory. 3 ed. Prentice-Hall, 2011. (JR)

S. Tadelis. Game Theory: an Introduction. Princeton University Press, 2013. (Td)

Lectures

1 - Strategic Games

• Readings: 

  • * OR - 2.1; JR - 7.1 and 7.2.1.

  • Td - 3 and 4.

  • FT - 1.1.

• Video

• Handout

2 - Strategic Games

• Readings: 

  • * OR - 2.2 and 2.3.

  • Td - 5.

  • FT - 1.2.

• Video

• Handout

3 - Existence of Nash Equilibrium and Strictly Competitive Games

• Readings: 

  • *OR - 2.4 and 2.5.

  • Td -  5.

  • FT - 1.2

• Video

• Handout

4 - Bayesian Games

• Readings: 

  • * OR - 2.6; JR - 7.2.3.

  • Td - 12.

  • FT - 6.

• Video

• Handout

5 - Mixed Strategies

• Readings: 

  • * OR - 3.1 and 3.2.

  • Td -  6.

  • FT - 1.3

• Video

• Handout

6 - Correlated Equilibrium

• Readings: 

  • * OR - 3.3.

  • FT - 2.2

• Video

• Handout

7 - Extensive Games with Perfect Information

• Readings:  

  • * OR - 6.1 and JR - 7.3 (Definition 7.13)

  • FT - 3.1 - 3.3

  • Td - 7.1

• Video

• Handout

8 - Extensive Games with Perfect Information

• Readings: 

  • * OR - 6.2, 6.4, and 6.5

  • Td - 7.2 - 7.4, and 8

• Video

• Handout

9 - Repeated Games

• Readings: 

  • * OR - 8.1, 8.2, 8.3, and 8.4

  • FT - 5

  • Td - 10

• Video

• Handout

10 - Repeated Games

• Readings: 

  • * OR - 8.4, 8.5, and 8.10

  • FT - 5

  • Td - 10

• Video

• Handout

11 - Extensive Games with Imperfect Information

• Readings: OR - 11.1, 11.4, and 11.5.

• Video

• Handout

12 - Extensive Games with Imperfect Information

• Readings: OR - 12.1 and 12.2

• Video

• Handout

• Selten´s horse - example of sequential equilibrium

Assignments

• Problem set #1

• Problem set #2

• Problem set #3

• Problem set #4

Students Presentations

Instructions: 

1. Groups of 2 students.

2. Choose a very good paper in Game Theory. Good Sources: Top 5´s and Games and Economic Behavior and International Journal of Game Theory.  

3. 25-minutes presentations.

4. Choose your topic by September 4th.

5. Students can share their slides with the rest of us. Please send me your slides if you want me to post them here.

6. General tips

Day 1 - September 18

• Group 1 - Isis and Leticia

  • Edwards, R. A., & Routledge, R. R. (2023). Existence and uniqueness of Nash equilibrium in discontinuous Bertrand games: a complete characterization. International Journal of Game Theory, 52(2), 569-586.

• Group 2 - Lucinaldo e Vitor

  • Rachmilevitch, S. (2015). Bribing in second-price auctions. Games and Economic Behavior, 92, 191-205.

• Group 3 - Pedro e Thiago

  • Li, M., Riyanto, Y. E., & Xu, M. (2023). Prioritized organ allocation rules under compatibility constraints. Games and Economic Behavior, 141, 403-427.

• Group 4 - Altair e Luiz

  • Bell, C., Gersbach, H., & Schneider, M. T. (2012). Raising juveniles. Games and Economic Behavior, 74(1), 32-51.

Day 2 - September 20

• Group 5 - Sara e Thais

  • Adriani, F., Pompeo, M., & Sonderegger, S. (2022). Gender effects in the battle of the sexes: A tale of two countries. Journal of Economic Behavior & Organization, 197, 165-178.

• Group 6 - Caio, Gabriel e Rafaela

  • Hämäläinen, R. P., & Leppänen, I. (2017). Cheap talk and cooperation in Stackelberg games. Central European Journal of Operations Research, 25(2), 261-285.

Tests from previous years

• 2021 

• 2022