Regulatory frameworks, agents behaviors and performance of markets
Tuesday, May 22, 2007

James Bushnell

U.C. Berkeley

James Bushnell

The use of oligopoly models in economic and policy applications

Abstract

The empirical implementation of oligopoly models is becoming increasingly complex and sophisticated, and have great potential for practical application to questions of competition policy. Detailed models of specific industrial settings have produced useful insights into market design, deregulation, merger analysis, and vertical integration. This lecture will discuss some general modeling frameworks and techniques. I will also drawn upon detailed examples of specific implementations from the electricity industry.