Petrol Station Stand-Off
Simulation to teach oligopoly, game theory, and the prisoner's dilemma through a petrol station pricing stand-off between two rival firms at a…
A 700-seat hall, a viral band, and four prices on the table. Students set a face-value ticket price under a municipal lease cap, choose a secondary-market policy, and visualise who captures the surplus — fans, promoter, artist, scalper, or platform — and where deadweight loss appears.
A 700-seat hall, a viral band, and four prices on the table. Students set a face-value ticket price under a municipal lease cap, choose a secondary-market policy, and visualise who captures the surplus — fans, promoter, artist, scalper, or platform — and where deadweight loss appears. Aha moment: total welfare barely moves across policies; the distribution shifts dramatically.
An introductory simulation that assumes no prior knowledge of the subject, designed for undergraduate courses. It also works in vocational and high-school programmes and in onboarding sessions.
The decisions participants make during the simulation:
What participants follow on screen as the rounds go by:
Designed for courses in Microeconomics.
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