Prerequisites: Intermediate microeconomics, and knowledge of differential calculus
Dr Pasquale Schiraldi
Dr Maris Goldmanis
Industrial organisation is concerned with the use of economic analysis in studying competition between firms and the evolution of market structure. Over the past decade, this has been one of the most exciting areas of economics, as a new generation of game-theoretic models have provided us with new ways of analysing a range of practical issues, and addressing some long-standing empirical questions.
The topics covered in this course span a wide range of issues, from predatory pricing to cartel stability, and from the role of non-price competition to the evolution of high technology industries. The theoretical models introduced in the lectures will be applied in classes devoted to case studies of specific industries and to some antitrust court cases.
J. Tirole, The Theory of Industrial Organisation, MIT Press (1988).
J. Church and R. Ware, Industrial Organisation: A Strategic Approach, McGraw-Hill (2000) – Available online for free.
M. Motta, Competition Policy Theory and Practice, Cambridge University Press (2007).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations