Free, Ready to play, Nothing to install, No need to register!
Economics-games.com is a free educational games site for teaching microeconomics, industrial organization and game theory.
Choose the game you want to run, enter the number of players and that's it: You just have to communicate their logins to your students and have them connect to the site with their phones, tablets or laptops. You can then observe and debrief the game through your interface.
New!The Herd Immunity Game (Grant, Bruehler and Chiritescu) is now playable here, among the "Externalities and public goods" games! And the paper is available on the site of the Journal of Economics Teaching.
One of the games.
The impact of fixed costs and production capacities on prices and profit.
The first game has players compete in 5 separate markets for differentiated goods, with identical demands. In each market, marginal costs are the same (constant and low). By cons, from a market to another, fixed costs (avoidable or not) and the production capacities vary greatly.
In each market, players must choose their price. The game is repeated in order to converge to an equilibrium. After a few iterations:
Unavoidable fixed costs have a limited impact on prices.
Prices and profits are very low when production capacities are very high.
Prices and profits can be much higher when production capacities are quite low.