02528 - Industrial Economics,,,

Learning outcomes

The aim of the course is to introduce students to the concepts of industrial organization. The course discusses first the behaviour of firms and their interactions in the different markets. Then, it focuses on the firm internal organisation, devoting particular attention to the theory of incentives and to incomplete information. At the end of the course the student is able to: - analyse the strategic behaviour of firms in different markets; - understand the main features of the internal organisation of the firm; - understand the role of incomplete information on firms decisions and propose possible solutions for the resulting allocative inefficiencies.

Course contents

Part One Foundations 1

3 Market Structure and Market Power 47

4 Technology and Cost 64

Part Two Monopoly Power in Theory and Practice

5 Price Discrimination and Monopoly: Linear Pricing 92

6 Price Discrimination and Monopoly: Nonlinear Pricing 119

8 Commodity Bundling and Tie-In Sales 173

Part Three Strategic Interaction and Basic Oligopoly Models

9 Static Games and Cournot Competition 214

10 Oligopolistic Price Competition 242

11 Dynamic Games and First and Second Movers 264

Part Four Anticompetitive Behavior and Antitrust Policy

12 Entry Deterrence and Predation 284

13 Predatory Conduct: More Recent Developments 316

14 Price Fixing, Repeated Games, and Antitrust Policy 349

Part Seven Networks, Auctions, and Strategic Policy Commitment

22 Network Issues 612

 

Readings/Bibliography

Pepall L., Richards D., Norman G. "Organizzazione Industriale", McGrawHill, 2019

Teaching methods

traditional lectures

Assessment methods

Written Exam

Office hours

See the website of Diego Lanzi