Corso Vittorio Emanuele II, 39 - Roma 0669207671

Economia e gestione delle imprese (Academic Year 2020/2021) - Business management

Industrial organization


CFU: 9
Content language:
Course description
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.
Prerequisites
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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.

Program
-1. Introduction to industrial organization
2. The firm and costs
3. Competition
4. Monopoly
5. Monopsony and dominant firm
6. Cartels
7. Quantity oligopoly
8. Price oligopoly
9. Monopolistic competition
10. Price discrimination
11. Advanced topics in pricing
12. Strategic behaviour
13. Vertical integration
14. Vertical restrictions
15. The 4° industrial revolution and the transformation of work organization
Book
Dennis W. Carlton and Jeffrey M. Perloff, Modern Industrial Organization, 4th Edition, Global Edition, Pearson, 2015. (CP)
 
Luis M. B. Cabral, Introduction to Industrial Organization, MIT Press, 2000. (CAB)
 
Detailed list of sections to be studied:
 
Lesson 1: 
Lesson 2: CP, Chapter 2, pp. 53-72;
Lesson 3: CP, Chapter 3, pp. 80-106;
Lesson 4: CP, Chapter 4, pp. 112-128;
Lesson 5: CP, Chapter 4, pp. 131-144;
Lesson 6: CP, Chapter 5, pp. 146-174;
Lesson 7: CP, Chapter 6, pp. 181-195; 200-204; Appendix 6A
Lesson 8: CP, Chapter 6, pp. 195-200;
Lesson 9: CP, Chapter 7, pp. 224-247;
Lesson 10: CP, Chapter 9, pp. 314-332;
Lesson 11: CP, Chapter 10, pp. 337-359;
Lesson 12: CAB, Chapter 15, pp. 259-274;
Lesson 13: CP, Chapter 12, pp. 419-436;
Lesson 14: CP, Chapter 12, pp. 438-454.
Lesson 15: 
Exercises
The format of the exercises is written and usually they will take on the form of a 1 or 2 essays on a particular topic covered by the video-lectures. Answers that are more complete and demonstrate a higher level of understanding and analysis will receive more points. In particular, the student will earn between 1 and 10 points for each essay he produces
Professor/Tutor responsible for teaching
Linda Meleo
List of lessons
Patrizio Bianchi
Davide Quaglione
    •  Lesson n. 3: Competition  Go to this lesson
Davide Quaglione
    •  Lesson n. 4: Monopoly  Go to this lesson
Davide Quaglione
Davide Quaglione
    •  Lesson n. 6: Cartels  Go to this lesson
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Patrizio Bianchi