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Course description |
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The course of Industrial Organisation provides students with the theoretical backgrounds to study and understand the behaviour and interactions among firms and their effects on market structure. In details, the student will learn to understand how firms’ interactions influence market equilibrium and market structures (perfect and imperfect competition), and the firms’ strategies to acquire market power (cartels, mergers, etc.). In addition, students will understand the reasons for which antitrust and ex-post regulation is important for the economic growth of a region or of a country and the way anti-competitive behaviour are managed by policy makers. In this way, students will also understand the actual regulatory choices made especially in Europe and the US. |
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Prerequisites |
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No formal prerequisities. However a refresh of the basic of Economics is reccommended. |
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Objectives |
The course of Industrial Organization provides students with the theoretical backgrounds to study and understand the behaviour and interactions among firms and their effects on market structure. In details, the student will learn to understand how firms interactions influence market equilibrium and market structures (perfect and imperfect competition), and the firms’ strategies to acquire market power (cartels, mergers, etc.). In addition, students will understand the reasons for which antitrust and ex-post regulation is important for the economic growth of a region or of a country, and the way anti-competitive behaviour are managed by policy makers. In this way, students will also understand the actual regulatory choices made especially in Europe and the US.
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Program |
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The lessons cover the following topics:
• The firms and the cost in the long and short run; perfect competition; monopoly; oligopoly; cartels;
• Product differentiation and monopolistic competition; industry, structure and performance;
• Price discrimination; pricing methods; strategic behaviour; vertical integration and vertical restriction; information; advertising and disclosure;
• Patents; antitrust issues, focusing to Europe and the US; regulation and deregulation. |
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Book |
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Dennis W. Carlton (Author), Jeffrey M. Perloff (Author), Modern Industrial Organization (4th Edition) 4th Edition, 2013 |
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Exercises |
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Open questions, numerical exercises, case studies. |
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Professor/Tutor responsible for teaching
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Professor not available
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Video professors |
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List of lessons |
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Patrizio Bianchi
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Davide Quaglione
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Patrizio Bianchi
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