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44763 - Teory of the Firm

Academic Year 2022/2023

                
                        Docente:
                        Emanuele Bacchiega
                    
                        Credits:
                        6
                    
                        SSD:
                        SECS-P/01
                    
                        Language:
                        Italian
                    
                        Moduli:
                        
                            Emanuele Bacchiega
                            (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
                            Information Science for Management (cod. 8014)

                            Teaching resources on Virtuale
                        
                                        Course Timetable
                                    
from Feb 23, 2023 to May 19, 2023

                                        Course Timetable
                                    
from Feb 21, 2023 to May 15, 2023

Learning outcomes

Upon completion of the Course the student has gained a detailed knowledge of: Firm Theory (technology, costs, profit maximization) Industry boundaries and concentration. Pure and discriminating Monopoly Static and Dynamic Oligopoly.

Course contents

MODULE 1

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.

MODULE 2

4) Anticompetitive strategies.

Limit pricing and entry deterrence.
Predation: recent developments.
Collusion and repeated games.
Collusion: how to identify and fight it.

5) Non-price competition.

Advertising, market power, competition and information.
Research and Development and patents.

6) 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 given when needed.

Teaching methods

Traditional Lectures

Assessment methods

Written, closed book, exam, with free-response questions. 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.

Calculators are allowed.