2017-06-02 OLIGO workshop

On June 1-2, 2017, NES has hosted Oligo 2017 workshop devoted to optimal firm behavior and game-theoretic modeling of competition. It was a substantial international academic conference, where 25 papers were presented, with each followed by a moderated discussion and a Q&A. Most papers were centered on the issue of imperfect competition on the markets. Yet, there was a significant variety of related topics: from theoretical game theory (continuous time fictitious play and existence of equilibrium with discontinuous payoffs), experiments (showing that people fail to process implications of correlated information), and practical implications of sharing shipping agreements. Prof. Jacques Thisse delivered an illuminating lecture on the history and future of monopolistic competition models. NES CSDSI Managing Director Professor Sergei Izmalkov and research fellow Dr. Alexander Shapoval presented their research.

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