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93273 - Industrial Economics

Academic Year 2021/2022

                
                        Docente:
                        Emanuele Bacchiega
                    
                        Credits:
                        8
                    
                        SSD:
                        SECS-P/01
                    
                        Language:
                        Italian
                    
                        Moduli:
                        
                            Vincenzo Denicolò
                            (Modulo 1)
                        
                            Emanuele Bacchiega
                            (Modulo 2)
                        
                        Teaching Mode:
                        
                                    Traditional lectures (Modulo 1)
                                
                                    Traditional lectures (Modulo 2)
                                
                            Campus:
                            Bologna
                        
                            Corso:
                            First cycle degree programme (L) in
                            Economics, Markets and Institutions (cod. 8038)

                            Teaching resources on Virtuale

Learning outcomes

Upon completion of the Course, the student is expected to know the analytical toolbox of Game Theory and its main applications to the Social Sciences. In particular, s/he will be able to analyze issues apparently far away from one another by using analytical instruments pointing out their structural similarities. Finally, the student will be able to apply Game Theory to the field of Industrial Economics, to analyze topics such as mergers, cartels entry barriers, technological progress, network externalities.

Course contents

1) Basic concepts.

Introduction.
Some useful microeconomic ideas.
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.

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.

Further references will be provided when needed.

Teaching methods

Traditional Lectures.

Assessment methods

Written, closed book, exam. The maximum mark (all answers correct and complete, with an appropriate level of formalization) is 30 e lode.

Mark scale:

<18 Fail.

18-23 Pass.

24-27 Good.

28-30 Distinction.

30 e lode Great Distinction.

If online, the exams will be held on the EOL platform and will have the same structure.

Teaching tools

Slides.

Office hours

See the website of Emanuele Bacchiega

See the website of Vincenzo Denicolò

SDGs

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.