Econ on the Go John Horn - WashU

This introductory episode explains the basic principles upon which microeconomics is based.
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How can firms overcome the challenges of aligning incentives within the organization?
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These two models of asymmetric information occur before the economic relationship (adverse selection) or after the contract is signed (moral hazard).
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The quantity-choice oligopoly games are Cournot (simultaneous) and Stackelberg (sequential).
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What are oligopolies, how are they regulated, and what is the Bertrand pricing model?
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Sequential games and how to solve them are explained.
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