20464 - INDUSTRIAL ORGANIZATION
CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS
Department of Economics
Course taught in English
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
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 vs 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 within 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.
Last change 20/06/2014 11:00