IO – University of Valencia Fall 2026

  • Syllabus
  • Introduction -General
  • Introduction – Game Theory
  • Pareto Efficient Criterion
  • Exercise #1 – Game Theory
  • Production Costs, Demand and Perfect Competition
  • Exercise #2 Perfect Competition
  • Monopoly
  • Answer Key Quiz #1 [October 6th]
  • Exercise (discriminating monopoly) Solution
  • Markets for Homogeneous Products
  • Answer Key Quiz #2
  • Bertrand versus Cournot – Applications
  • Review Session
  • Answer Key Quiz #3
  • Answer Key Midterm #1
  • Markets for Differentiated Products
  • Exercise (differentiated products) SOLUTION
  • Location Models
  • Exercise – Hotelling’s location model  SOLUTION
  • Concentration and Mergers
  • Answer Key Quiz #4
  • Entry Barriers
  • Answer Key Quiz #5
  • Research and Development
  • Patents
  • The Economics of Compatibility and Standards
  • Review Session
  • Persuasive Advertising
  • Informative Advertising
  • Quality, Durability, and Warranties I
  • Quality, Durability, and Warranties II
  • Example Akerlof (1970)
  • Pricing Tactics I
  • Pricing Tactics II
  • Review Session
  • Final Exam
Homework #1 [Due on October 1st]Answer Key
Homework #2 [Due on October 20th]Answer Key
Homework #3 [Due on Nov. 17th]Answer Key
Homework #4 [Due on Dec. 8th]Answer Key

Game Theory

Bug’s life vs Antz

The Prisoner’s Dilemma