Business

Mercado de Commodity

Equipos compiten vendiendo un producto identico. Descubre por que los margenes convergen a cero en mercados indiferenciados.

6 rounds Undergraduate English, Español

Preview

What participants learn

After the session, participants will be able to:

  • Explain why, with an identical product, a known common cost and combined capacity above demand, price competition drives margins towards unit cost, and identify which of those three conditions is doing the work
  • Distinguish a rival-blind forecast of margin times units filled from a competitive forecast, and construct a decision rule that conditions on what rivals are likely to do
  • Evaluate the production quantity as a strategic commitment: what the capacity offered to the market does to rivals' incentives and to your own downside
  • Analyze when tacit price cooperation is sustained or unravels in a repeated game with transparent results and a known last round, and assess the legal line between tacit and explicit coordination

Prerequisites

  • Margin arithmetic; no game theory is required

Who it is for

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.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 6 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Precio por unidad (€)
  • Unidades a producir

What participants track

What participants follow on screen as the rounds go by:

  • 🏪 Mercado de Commodity
  • Condiciones del Mercado
  • Fija tu Precio
  • Plan de Produccion
  • Revisa tus Decisiones

Ready to use Mercado de Commodity with your students?

Contact us and we'll set you up with a free trial session.

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