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Course 2011-2012 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

EMIT (8 credits - I sem. - OB  |  SECS-P/06)
Course Director:
MICHELE POLO

Classes: 21 (I sem.)
Instructors:
Class 21: MICHELE POLO


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
  • M. MOTTA, Competition Policy, Theory and Practice, Cambridge, Cambridge University Press, last edition 
  • L. Pepall, D. Richards, G. Norman, Industrial Organization, Contemporary Theory and Empirical Applications, Fourth Edition, Blackwell Publishing, 2008
  • A reading list will be provided.

Prerequisites
A good knowledge of microeconomics and game theory is a useful background.
Last change 30/03/2011 12:00