4.5 — Game Theory, Contestable Markets & Wrap Up — Class Content

Meeting Dates

Section 1: Monday, December 5, 2022

Section 2: Thursday, December 1, 2022


We wrap up today by discussing some more about game theory (beyond mere prisoners’ dilemmas), and apply these insights in general to market competition by considering one final model of a contestable market. Then we will wrap up and summarize the semester before reviewing for the final exam.


  • Ch. 11 in Goolsbee, Levitt, and Syverson, 2019


Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.


You can type h to see a special list of viewing options, and type o for an outline view of all the slides.

I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!


Download as PDF