Industrial Economics (2012/2013)

Course code
4S00509
Name of lecturer
Roberto Ricciuti
Coordinator
Roberto Ricciuti
Number of ECTS credits allocated
9
Academic sector
SECS-P/01 - ECONOMICS
Language of instruction
Italian
Period
primo semestre dal Sep 24, 2012 al Dec 21, 2012.

Lesson timetable

Learning outcomes

The course aims at introducing the economic analysis of firms, and in particular their interactions with competitors, supplyiers, clients, and regulators. The course will enable students to give a critical interpretation of these economic relations, and to the policies undertaken by governments.
The course uses instruments taken from microeconomics and game theory, following an analytical approach.

Syllabus

Topics:
- Microeconomics, market structure and market power; technology and production costs.
- The monopoly power: price discrimination; linear and non-linear prices; variety and quality in monopoly.
- Oligopoly and strategic interaction: static games and Cournot competition; price competition (Bertrand); dynamic games, first and second moves.
- Anticompetitive strategies: limit pricing and entry deterrence; predatory behavior; repeated games and prices; collusion: how to identify and contrast it.
- Contractual relations between firms: horizontal mergers; vertical restrictions.
- Non-price competition: advertising and market power, competition and information; reasearch and development and patents.
- Networks.

Assessment methods and criteria

90-minute paper: 8 multiple choice questions (20% of the final grade), 2 open questions (20%) and 3 exercises (60%).