21201526 - INDUSTRIAL ECONOMICS

Knowledge and understanding
The purpose of this course is to provide students with a deeper understanding of markets functioning and regulation from an economic perspective in order to stimulate critical understanding of policy implications from the public side and strategic behaviour from the firms’ side.

Applying knowledge and understanding
Acquired knowledge and skills will enable students to understand and analyse markets functioning within the real economic context with a particular focus on non competitive markets: mainly monopolistic and oligopolistic markets.

Making judgements
The understanding of economic agents’ decision making processes and of non competitive markets’ functioning will enable students to critically analyse the economic reality and the policy makers intervention in terms of markets regulation (deregulation) ad antitrust.

Communication skills
The structure of course and final exam is designed to enable students to acquire and apply all the languages of the discipline (descriptive, graphical and analytical) in order learn how discuss appropriately microeconomic topics with specialist and non specialist speakers.

Curriculum

scheda docente | materiale didattico

Programma

Basics
Industrial organization: what, how and why
Basics of microeconomics
Market structure and market power
Technology and production costs

Monopoly power
Price discrimination and monopoly: linear and non-linear prices

Oligopoly and strategic interaction
Competition at Cournot
Price competition
Competition and sequential decisions

Anticompetitive strategies
Limit price and deterrence on entry
Predatory behavior
Collusion and repeated games

Contractual relations between undertakings
Mergers
Price-related vertical restraints

Non-price competition
Advertising, market power, competition and information


Testi Adottati

Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education

scheda docente | materiale didattico

Programma

Basics
Industrial organization: what, how and why
Basics of microeconomics
Market structure and market power
Technology and production costs

Monopoly power
Price discrimination and monopoly: linear and non-linear prices

Oligopoly and strategic interaction
Competition at Cournot
Price competition
Competition and sequential decisions

Anticompetitive strategies
Limit price and deterrence on entry
Predatory behavior
Collusion and repeated games

Contractual relations between undertakings
Mergers
Price-related vertical restraints

Non-price competition
Advertising, market power, competition and information


Testi Adottati

Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education

scheda docente | materiale didattico

Programma

Basics
Industrial organization: what, how and why
Basics of microeconomics
Market structure and market power
Technology and production costs

Monopoly power
Price discrimination and monopoly: linear and non-linear prices

Oligopoly and strategic interaction
Competition at Cournot
Price competition
Competition and sequential decisions

Anticompetitive strategies
Limit price and deterrence on entry
Predatory behavior
Collusion and repeated games

Contractual relations between undertakings
Mergers
Price-related vertical restraints

Non-price competition
Advertising, market power, competition and information


Testi Adottati

Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education