Course 2013-2014 a.y.

Go to class group/s: 31

CLMG (6 credits - I sem. - OP  |  SECS-P/06) - M (6 credits - I sem. - OP  |  SECS-P/06) - IM (6 credits - I sem. - OP  |  SECS-P/06) - MM (6 credits - I sem. - OP  |  SECS-P/06) - AFC (6 credits - I sem. - OP  |  SECS-P/06) - CLAPI (6 credits - I sem. - OP  |  SECS-P/06) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/06) - CLELI (6 credits - I sem. - OP  |  SECS-P/06) - ACME (6 credits - I sem. - OP  |  SECS-P/06) - DES-ESS (6 credits - I sem. - OP  |  SECS-P/06)

Course Director:
MICHELE POLO

Course Objectives

The course reviews the modern theory of Industrial Organization with reference to oligopoly markets. The first part of the course analyzes the main forms of oligopolistic competition (price v. quantity, product differentiation, collusion) and entry dynamics (long run equilibria and foreclosure), while the second part addresses advanced topics as two sided markets, the effects of vertical and financial contracts on competition and the optimal design of antitrust intervention.

Course Content Summary

First part:

• Price competition and the Bertrand model
• Quantity competition and the Cournot model
• Product differentiation
• Collusion
• Long run equilibria
• Foreclosure: predatory pricing, bundling, refusal to deal, exclusive dealing

Second part:

• Two sided markets withn applications to media markets
• Vertical contracts, financial contracts and oligopolistic competition: managerial contracts, forward contracts, minority shareholdings
• Optimal enforcement of antitrust law: leniency programs, legal standards

Detailed Description of Assessment Methods

Written exam

Textbooks

• J. TIROLE, The Theory of Industrial Organization, MIT Press, lastest edition
• M. MOTTA, Competition Policy, Theory and Practice, Cambridge, Cambridge University Press, lastest edition
• A reading list is provided.

Exam textbooks & Online Articles (check availability at the Library)

Last change 21/05/2013 14:52