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Advanced Industrial Organization (ECO-AD-ADVINDORG)

ECO-AD-ADVINDORG


Department ECO
Course category ECO Advanced courses
Course type Course
Academic year 2023-2024
Term BLOCK 2
Credits 1 (EUI Economics Department)
Professors
Contact Simonsen, Sarah
Sessions

14/11/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

20/11/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

21/11/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

27/11/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

28/11/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

04/12/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

06/12/2023 16:30-19:30 @ Seminar Room B, Villa la Fonte

12/12/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

13/12/2023 16:30-18:30 @ Seminar Room B, Villa la Fonte

Purpose

Aim of the course. Students attending this course will thoroughly learn how firms interact in non-competitive markets and how they may gain and exploit a competitive advantage. A general introduction will be provided, and specific topics will be further explored (see list below). Although the course is mainly based on models, some empirical applications will be discussed.
 

Description

List of topics (not all covered)

1. Introduction, benchmark market structure, standard models, product differentiation
2. Collusion and algorithmic pricing
3. Vertical restraints and contracts
4. Platforms
5. Consumer search and market outcomes
6. Economics of data and digital markets
If time allows:
7. IO Models of banks competition
8. Relational contracts

Competition policy will be a common thread in the topics.

Prerequisites. You are expected to be familiar with the material covered in the 1st year microeconomics sequence.
Teaching method. There will be 10 2-hs lectures.
Examination policy. The grading will be based on a referee report that students will prepare on a recent paper related to the topics of the course.
Read this for writing reports in economics, https://www.aeaweb.org/content/file?id=222 Measures will be taken to avoid the temptation of using ChatGPT or other generative tools for this purpose.
The list of the papers for the reports will be available at the end of the course.

Reading material. A very useful evergreen is The Theory of Industrial Organization (1988). Jean Tirole. MIT Press. For some topics, another helpful reference is Industrial Organization: Markets and Strategies (2010) P. Belleflamme and M. Peitz. Cambridge University Press. Other material is listed on the website for specific topics.

Bibliography

https://www.dropbox.com/s/w8r605tcpdyicgm/Bibliography%20IO.pdf?dl=0
 

Register for this course

Page last updated on 05 September 2023

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