University Teaching, spring 2011 — Geir B. Asheim


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ECON4240 GAME THEORY AND ECONOMICS OF INFORMATION — SPRING SEMESTER 2011
Plan for the course and the lectures

Lecturers:
    Lectures and seminars on game theory:
        Geir B. Asheim — Room ES1152 — Tel: 228 55498 — E-mail: g.b.asheim@econ.uio.no
    Lectures and seminars on the economics of information:
        Aanund Hylland — Room ES1147 — Tel: 228 54271 — E-mail: aanund.hylland@econ.uio.no

Textbooks:
    Watson, Strategy: an introduction to game theory (2nd edition)
    —  Representions and basic assumptions.  Chapters 1 - 5
    —  Analyzing behavior in static settings.  Chapters 6, 7, 9, 11
    —  Analyzing behavior in dynamic settings.  Chapters 14, 15, 18, 19, 22
    —  Information.  Chapters 24 - 29
    Selected applications in chapters 8, 10, 16, 21, 23 will also be considered.
    Note that the chapters in Watson are short, from 5 to 10 pages.
    Laffont & Martimort, The theory of incentives: the principal-agent model
    —  Chapter 2 (except for starred material)
    —  Chapter 4 (except for starred material, and except 4.6)
    —  Chapter 6 (up to and including 6.3)
    References to alternative textbooks in game theory.
    References to other supporting literature and articles will be made available.

Lectures:
    Lecture notes will be made available through links below. [(2) signifies versions of the notes with 2 slides per page.]

  1. Introduction to game theory: Representing games (2) Static games: Rationalizability (2). GBA
    Tue 18 Jan 1415-1600, Eilert Sundt Aud 4. Watson: Chapters 1-7.
  2. Static games: Nash equilibrium (2). GBA (Static games: Examples)
    Tue 25 Jan 1415-1600, Eilert Sundt Aud 4. Watson: Chapters 9, 11.
  3. Dynamic games: Backward induction and subgame perfection (2). GBA
    Tue 1 Feb 1415-1600, Eilert Sundt Aud 4. Watson: Chapters 14, 15.
  4. Application of dynamic games: Bargaining and reputation (2). GBA (Dynamic games: Examples)
    Tue 8 Feb 1415-1600, Eilert Sundt Aud 4. Watson: Chapters 18, 19, 22.
  5. Incomplete information in static games: Bayesian Nash equilibrium (2). GBA
    Tue 15 Feb 1415-1600, Eilert Sundt Aud 4. Watson: Chapters 24, 26 + section on "Auctions" in chapter 27.
  6. Incomplete information in dynamic games: Perfect Bayesian equilibrium (2). GBA (Incomplete information games: Examples)
    Tue 22 Feb 1415-1600, Eilert Sundt Aud 4. Watson: Chapter 28.
  7. Introduction to incentives. The rent extraction-efficiency trade-off: Presentation of the basic model. AaH
    Tue 1 Mar 1415-1600, Eilert Sundt Aud 4. L&M Chapter 2 intro, Sections 2.1-2.5
  8. The rent extraction-efficiency trade-off: Solution of the basic model. AaH
    Tue 8 Mar 1415-1600, Eilert Sundt Aud 4. L&M Sections 2.6-2.9
  9. The rent extraction-efficiency trade-off: Extensions of the basic model. AaH
    Tue 15 Mar 1415-1600, Eilert Sundt Aud 4. L&M Sections 2.10-2.12, 2.15
  10. Moral hazard, the basic model. AaH
    Tue 22 Mar 1415-1600, Eilert Sundt Aud 4. L&M Chapter 4 intro, Sections 4.1-4.4
  11. Moral hazard, extensions. AaH
    Tue 29 Mar 1415-1600, Eilert Sundt Aud 4. L&M Sections 4.5-4.8
  12. Non-verifiability. AaH
    Tue 5 Apr 1415-1600, Eilert Sundt Aud 4. L&M Chapter 6 intro, Sections 6.1-6.3
  13. Review. AaH
    Tue 12 Apr 1415-1600, Eilert Sundt Aud 4.

Seminars:
    Problems sets will be available through links below.

  1. Problems to be discussed at the first seminar GBA
    Alternative times: Wed 26 Jan 1415-1600 Georg Sverdrup Group room 4 and Thu 27 Jan 0815-1000 (note place:) Kristine Bonnevie Seminar room 3508
  2. Problems to be discussed at the second seminar GBA
    Alternative times: Wed 9 Feb 1415-1600 Georg Sverdrup Group room 4 and Thu 10 Feb 0815-1000 Georg Sverdrup Lecture room 2
  3. Problems to be discussed at the third seminar GBA
    Alternative times: Wed 23 Feb 1415-1600 Georg Sverdrup Group room 4 and Thu 24 Feb 0815-1000 Georg Sverdrup Lecture room 2
  4. Problems to be discussed at the fourth seminar AaH
    Alternative times: Wed 16 Mar 1415-1600 Georg Sverdrup Group room 4 and Thu 17 Mar 0815-1000 Georg Sverdrup Lecture room 2
  5. Problems to be discussed at the fifth seminar AaH
    Alternative times: Wed 30 Mar 1415-1600 Georg Sverdrup Group room 4 and Thu 31 Mar 0815-1000 Georg Sverdrup Lecture room 2
  6. Problems to be discussed at the sixth seminar AaH
    Alternative times: Wed 13 Apr 1415-1600 Georg Sverdrup Group room 4 and Thu 14 Apr 0815-1000 Georg Sverdrup Lecture room 2

Achievement requirements:
    This year there will be no compulsory assignments.


Last modified: 22 March 2011