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