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93297 - Business and Competition Economics

Academic Year 2022/2023

                
                        Docente:
                        Emanuele Bacchiega
                    
                        Credits:
                        8
                    
                        SSD:
                        SECS-P/01
                    
                        Language:
                        Italian
                    
                        Moduli:
                        
                            Emanuele Bacchiega
                            (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)

                            Teaching resources on Virtuale
                        
                                        Course Timetable
                                    
from Sep 22, 2022 to Oct 26, 2022

                                        Course Timetable
                                    
from Nov 08, 2022 to Dec 12, 2022

Learning outcomes

The Course will provide the student with a working knowledge of the modern Industrial Organization. Upon completion of the Course the student will be able to analyze a market with reference to its main features; assess the effects of industrial and competition policy; interpret through economic lenses the decisions of competition agencies such as the Italian AGCM and the European Commission.

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 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.

Teaching tools

Slide.

Office hours

See the website of Emanuele Bacchiega

See the website of Francesco Angelini

SDGs

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