Economics at your fingertips  

Numerical simulations of competition in quantities

Devon Gorry and John Gilbert ()

International Review of Economics Education, 2015, vol. 18, issue C, 49-61

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.

Keywords: Excel; Numerical model; Competition in quantities (search for similar items in EconPapers)
JEL-codes: A22 C63 D43 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Numerical Simulations of Competition in Quantities (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

International Review of Economics Education is currently edited by Guest, Ross

More articles in International Review of Economics Education from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-10-17
Handle: RePEc:eee:ireced:v:18:y:2015:i:c:p:49-61