… And the Winner of the 2019-20 Economics Tournament is … University of California Los Angeles!!

 

The 2 teams from Universidad Carlos III de Madrid also stand on the podium, in 2nd and 3rd position!

Here is the complete ranking of the Final:

1. University of California Los Angeles
2. Universidad Carlos III de Madrid 1
3. Universidad Carlos III de Madrid 2
4. ENP Alger 5
5. University of Tirana
6. ENP Alger 2
7. ENAC 1
8. IMT Atlantique 1
9. ENAC 3
10. ENAC 2
11. d’Overbroeck’s
12. ENP Alger 3
13. Agrocampus Ouest 3
14. Loras College
15. ENP Alger 4
16. AgroParisTech
17. IMT Atlantique 2
18. ITU Punjab
19. Lexington HS
20. ENP Alger 1
21. ISHCMC
22. IMT Mines Albi

…

(Agrocampus Ouest 1 and 2 quanlified but did not play the final).

Congratulations to you all, this was a tough competition!

Scores are posted here: https://twitter.com/EconomicsGames/status/1263505751659741186

by

The 24 teams to qualify for the Finals of the Economics Tournament are:

• Agrocampus ouest (3 teams)
• AgroParisTech
• D’overbroeck’s college
• Enac (3 teams)
• ENP Alger (5 teams)
• Mines Albi
• IMT Atlantique (2 teams)
• Information Technology University
• International School Ho Chi Minh City
• Lexington High School
• Loras College
• University of California Los Angeles
• Universidad Carlos III de Madrid (2 teams)
• University of Tirana
  (unranked list)

Congratulations!

Good luck to all!

by

Today, we are adding the “beer production game”, by John Sterman (last game in the list in the IO section: https://economics-games.com/games?opentab=io).

“The purpose of the game is to understand the distribution side dynamics of a multi-echelon supply chain used to distribute a single item, in this case, cases of beer.”

The rules can be found here 

 

by

… And the Winner of the 2018 Economics Tournament is … Eötvös Loránd University!!

 

Amherst College ends the game in 2nd position. HEC Montréal also stands on the podium, in 3rd position.

 

 

Here is the complete ranking of the Final:

1. Eötvös Loránd University
2. Amherst College
3. HEC Montréal
4. Toulouse School Of Economics
5. CentraleSupélec
6. The Australian National University
7. Universidade de Coimbra
8. Universiteti i Tiranës
9. University of Michigan
10. Augustana University
11. University of Chicago
12. National Economics University

Among the 87 teams, from 32 countries, who registered, only 12 qualified to the Final.

Congratulations to you all, this was a tough competition!

 

by

The 12 teams to qualify for the Finals of the Economics Tournament are:

• Amherst College
• Augustana University
• Australian National University
• CentraleSupélec
• Eötvös Loránd University
• HEC Montréal
• National Economics University
• Toulouse School of Economics
• University of Chicago
• University of Coimbra
• University of Michigan
• University of Tirana
  (unranked list)

Congratulations!

Good luck to all!

by

A new generic (2 to 4 actions) customizable simultaneous game is available on the site (one before last in the list in the game theory section: https://economics-games.com/games?opentab=gametheory )

 

 

And also a sequential game (last in the list):

 

by

by

If you are an instructor running the market game with quotas, taxes… (rules), you may find it easier to start by inviting your students to play the simulation as a monopoly, before introducing competition.

 

 

This is now possible with one click in the mono-player simulation section (“Play as a monopoly” button, third simulation, https://simu.io).

by

The complete version of the game about CO2 emissions and environmental policies (on which the final of the 2017 tournament was partly based) is in open access on the site, until the end of August.

To create the game, click on the button in the blue well on the home page of the commercial site: https://lud.io/

The companion document can be downloaded here: https://lud.io/resources/site/manual/carbon-game-manual.pdf

During the final, out of the 12 teams to qualify, the winner, HEC Montréal,  scored 2 296 587. The second team (Toulouse School of Economics) scored 2 287 370 and the 3rd (Cardiff Metropolitan University) 2 105 320. Can you do better?

by

Complements for instructors about the model of demand of the Airline Economics Simulation

You must be familiar with the simulation before watching this video: https://lud.io/transport or https://economics-games.com/industrial-organization.

Summary:
1 – General Considerations and Customers’ Characteristics: 1:07
2 – Dynamics of sales inside a phase: 4:11
3 – Comparing customers’ characteristics between phases: 7:42
4 – Why the effect of frequencies on sales exhibit decreasing returns: 11:19
5 – When can a cheaper firm sell less than its competitor? Example 1 (because of different frequencies or comfort): 14:22
6 – When can a cheaper firm sell less than its competitor? Example 2 (because of seat quotas): 18:04
7 – When can a cheaper firm sell less than its competitor? Example 3 (because of the random component of individual choices): 22:54

The video is maybe not polished enough to show to your students, but should be quite useful to the instructors who run the Airline Game in their courses.

 

by