Numerical Simulations of Competition in Quantities

Devon Gorry and John Gilbert

No 201401, Working Papers from Utah State University, Department of Economics and Finance

Abstract: We present a series of numerical simulation models built in Excel that can be used to explore the properties of various models of strategic competition in quantities and their economic implications. The resources incorporate both tabular and graphical data presentation formats and are built in such a way that they provide instant or 'live' feedback on the consequences of changes in the economic system. We discuss the theory behind the models, how they can be implemented as numerical simulations in Excel, and ways in which the simulations can be used to enhance student understanding of the material. The tools are all available through RePEc and on the website Economic Models in Excel (https://sites.google.com/site/economicmodelsinexcel/io).

Keywords: IO; Excel; teaching (search for similar items in EconPapers)
Pages: 16 pages
Date: 2014-05-05
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (1)

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https://repec.bus.usu.edu/RePEc/uth/wpaper/DEFWP2014-01.pdf (application/pdf)

Related works:
Journal Article: Numerical simulations of competition in quantities (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:uth:wpaper:201401

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