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Chapter 16 - Oligopoly
OPEC
OPEC, the Organization of Petroleum Exporting Countries, is
considered by many people to be an evil group of oil-producing
countries that plunged the United States and many other developed
countries into two recessions in the mid-1970s and early 1980s. But a
visit to OPEC’s web site
may convince you that they’re
really nice guys, whose only goal is to ensure that all the oil
that’s needed gets produced.
Game Theory Links
To learn more about game theory, surf the web; many web sites contain useful
information. You might start at Stony Brook’s Center
for Game Theory in Economics. A great site with links
to everything is Al
Roth's Game Theory and Experimental Economics Page.
Tying
A particularly well-written discussion of tying, why it is illegal,
and under what conditions it is legal can be found on the web
site of Aurora
WDC.
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