Course 2010-2011 a.y.
20195 - INDUSTRY AND FIRM ANALYSIS - MODULE 1 (INDUSTRIAL ORGANIZATION)
EMIT
Department of Management and Technology
Course taught in English
Go to class group/s: 21
Course Objectives
The course reviews the modern theory of Industrial Organization with reference to monopoly and oligopoly. The main issues are: monopolistic pricing and price discrimination, multiproduct monopoly, vertical contracts; price and quantity competition, product differentiation, collusion, quality, entry and market structure, strategic entry deterrence, foreclosure. The course also analyzes policy issues as antitrust and regulation and the design of liberalization plans.
Course Content Summary
Monopoly
- Pricing and multiproduct monopoly
- Vertical integration and vertical contracts
- Regulation of a natural monopoly
Oligopoly
- Static models: Bertrand, Cournot, Hotelling
- Dynamic models: collusion
- Entry, barriers to entry and foreclosure
- Competition policy and liberalizations
Detailed Description of Assessment Methods
Written exam
Textbooks
- J. TIROLE, The Theory of Industrial Organization, MIT Press, 1988;
- M. MOTTA, Competition Policy: Theory and Practice, Cambridge University Press, 2004;
- P. REY, J. TIROLE, A Primer on Foreclosure, in M. ARMSTRONG, R. PORTER, eds. Handbook of Industrial Organization, vol. 3, North Holland, 2007;
- L. PEPALL, D. RICHARD, G. NORMAN, Industrial Organization, Contemporary Theory and Empirical Applications, Fourth Edition, Blackwell Publishing, 2008;
- M. ARMSTRONG, Recent Developments in the Theory of Regulation, in M. ARMSTRONG, R. PORTER, eds. Handbook of Industrial Organization, vol. 3, North Holland, 2007;
- K. VISCUSI, J. HARRINGTON, J. VERNON, Economics of Regulation and Antitrust, MIT Press 2005.
Prerequisites
A good knowledge of microeconomics and game theory is a useful background.
Last change 19/04/2010 12:14