- Docente: Emanuela Randon
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Moduli: Emanuela Randon (Modulo 1) Francesco Angelini (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Rimini
- Corso: First cycle degree programme (L) in Business Economics (cod. 8848)
Learning outcomes
The student will learn the principles of Industrial Organization analysis. The course will focus on the behaviour of firms and consumers, also using Game-Theory based models of interaction. By the end of the course, the students will be able to: analyze the main features of a market; assess the effects of industrial and competition policies.
Course contents
MODULE 1
1) Basic concepts.
- Introduction.
- Some useful microeconomic ideas.
- Fundamental Theorems of Welfare Economics.
- Public goods and Externalities.
- Market structure and market power.
- Technology and production costs.
2) Market power
- Price discrimination under monopoly: linear pricing.
- Price discrimination under monopoly: non-linear pricing.
- Product variety and quality under monopoly.
3) Oligopoly and strategic interaction.
- Static games and Cournot competition.
- Price competition.
- Sequential competition.
4) Anticompetitive strategies.
- Limit pricing and entry deterrence.
- Predation: recent developments.
- Collusion and repeated games.
- Collusion: how to identify and fight it.
MODULE 2
5) Contractual relationships among firms.
- Mergers.
- Price-based vertical restraints.
6) Non-price competition.
- Advertising, market power, competition and information.
- Research and Development and patents.
7) Complementary Topics.
- Networks
- Regulation and liberalization
Readings/Bibliography
L. Pepall, D. Richards, G. Norman e G. Calzolari, Organizzazione Industriale, McGraw-Hill, Milano, last edition.
C. Garavaglia, Economia industriale: esercizi e applicazioni, Carocci, Nuova edizione
Teaching methods
Lectures.
Assessment methods
Written exam: 9 multiple-choice questions, 4 open-ended questions, 3 exercises (90 minutes).
Teaching tools
Slides
Office hours
See the website of Emanuela Randon
See the website of Francesco Angelini
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.