Understanding strategic competition using numerical simulations and dynamic diagrams in Mathematica

Mario Pezzino ()

International Review of Economics Education, 2016, vol. 22, issue C, 34-47

Abstract: The paper shows how to use Mathematica to study the properties of strategic competition models. The advantage of this software is that students can see, modify and solve the algebra behind the models. In addition the paper shows how to use the command Manipulate to produce dynamic diagrams and animations. Dynamic diagrams are extremely useful to help students understanding diagrammatic shifts related to comparative statics analysis. Two examples are discussed: the Cournot duopoly and the Hotelling (1929) linear city model.

Keywords: Strategic competition; Dynamic diagrams; Mathematica (search for similar items in EconPapers)
JEL-codes: A22 C63 D43 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1477388015302292
Full text for ScienceDirect subscribers only

Related works:
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: https://EconPapers.repec.org/RePEc:eee:ireced:v:22:y:2016:i:c:p:34-47

DOI: 10.1016/j.iree.2016.03.002

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 Catherine Liu ().