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…
About this simulation
Stand in the shoes of a Costarian Ministry of Labour strategy team. Run the textbook competitive labour-market model side by side with the Diamond-Mortensen-Pissarides search-and-matching framework, layer in monopsony, confront the empirical record (Card & Krueger 1994, Cengiz et al.
2019, Schmieder-vWB 2016, Card-Kluve-Weber 2018, Manning 2003, Card 2022 AER), and assemble a defensible policy package across minimum wage, UI design, ALMPs, antitrust, and gig-economy classification.
Who it is for
An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.
How a session runs
- The instructor creates a session from the Eureka dashboard and invites the participants.
- Participants play 5 rounds. In each one they submit their decisions and the simulation calculates the results.
- The simulation can be run in English, Español.
- The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.