You are here:

93297 - Business and Competition Economics

Academic Year 2023/2024

                
                        Docente:
                        Francesco Angelini
                    
                        Credits:
                        8
                    
                        SSD:
                        SECS-P/01
                    
                        Language:
                        Italian
                    
                        Teaching Mode:
                        Traditional lectures
                        
                            Campus:
                            Rimini
                        
                            Corso:
                            First cycle degree programme (L) in
                            Business Economics (cod. 8848)

                            Teaching resources on Virtuale
                        
                                    Course Timetable
                                
from Sep 21, 2023 to Dec 07, 2023

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

Product variety and quality under monopoly.

3) Oligopoly and strategic interaction.

Static games and Cournot competition and Price competition.
Sequential competition.
Product variety and quality under oligopoly.

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
Digital platforms
Regulation and liberalization

Readings/Bibliography

L. Pepall, D. Richards, G. Norman e G. Calzolari, Organizzazione Industriale, McGraw-Hill, Milano, fourth edition (2023).

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.

The grade can be refused only once.

Teaching tools

Slides

Office hours

See the website of Francesco Angelini

SDGs

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