Document Type
Article
Journal/Book Title/Conference
Internation Review of Economics Education
Volume
18
Publisher
Elsevier
Publication Date
2015
First Page
49
Last Page
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.
Recommended Citation
Gorry, Devon Haskell and Gilbert, John, "Numerical simulations of competition in quantities" (2015). Economics and Finance Faculty Publications. Paper 935.
https://digitalcommons.usu.edu/econ_facpubs/935
