Advanced Topics in Industrial Organization
- Teacher(s): R.Hakimov O.Strimbu
- Course given in: English
- ECTS Credits: 6 credits
- Schedule: Spring Semester 2022-2023, 4.0h. course (weekly average)
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- Related programme: Master of Science (MSc) in Economics
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ObjectivesThe course consists of two parts. In the first part (Topics 1 to 4) of the course we study non-strategic market behavior, i.e. situations where a firm takes the actions of rivals as given, which leads us to an in-depth discussion of market power and more specifically monopoly power. This part covers Part I of Jean Tirole’s book (chapters 1 to 4), and will be complemented by related topics, readings and applications. This part will be taught by Rustamdjan Hakimov. In the second part (Topics 5 to 8) of the course we study models of strategic interaction in imperfectly competitive markets. The main modelling tool is game theory. The choice of topics includes well known issues in competition policy practice such as collusion or barriers to entry. Before the beginning of this part, you should refresh your knowledge of Game Theory (e.g. chapter 11 in Jean Tirole’s book). This part will be taught by Octavian Strimbu. During both parts of the course students are invited to explore and present to the rest of the class a topic of their interest. This part enables all students to experience how formal investigation can help them better understand real world markets, and a wide range of topics of their interest can be covered. Contents
ReferencesJean Tirole, The Theory of Industrial Organization, Cambridge, Massachusetts, The MIT Press. Paul Belleflamme and Martin Peitz, Industrial Organization: markets and Strategies, Cambridge, United Kingdom, Cambridge University Press. Additional readings specific to each topic will be handed out during the course.
Pre-requisitesMicroeconomic Theory (Analyse économique: Microéconomie) EvaluationFirst attempt
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