Objectives
- to understand the normative and positive aspects of imperfect competition;
- to become familiar with different types of strategic behaviour;
- to become familiar with applying game theoretic models for describing strategic interaction on imperfectly competitive markets.
Contents
This course covers the mainstream theory of Industrial Organisation at an intermediate level. Empirical results, both econometric and experimental, are presented to substantiate the validity of the various models. Starting with an analysis of monopolies the behaviour of players active on imperfectly competitive markets is studied in detail. Attention is paid also to a careful description of market structure (including the measurement of concentration and of entry barriers) and the measurement of welfare. Topics covered include advertising, price discrimination, research and development, product differentiation, collusion, vertical relations, and different types of rivalry.
Registration at
Please go to https://www.sis.uva.nl.
Format
Every week there are two hours of main lecture, and two hours of recitation class. If the number of students is too large, multiple groups will be formed for the recitation classes.
Time
Please go to http://rooster.uva.nl .
Study materials
Martin, S. (2008), Industrial Organization in context, Oxford University Press (c. €50).
Assessment
There is a midterm test in the fourth week of the course. This test accounts for 35% of the overall grade. A final written examination accounts for the remaining 65%. There is no resit for the midterm test. For information on the grading in case of a resit go to the Blackboard site of the course.
Examination date
Please go to http://rooster.uva.nl and http://www.student.uva.nl/feb-academicyear.
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