02528 - Industrial Economics,,,

Learning outcomes

The purpose of this course is to introduce students to the concept of industrial organization. First we analyse briefly some of the most important concepts in microeconomics. The concepts of consumer surplus, producer surplus, and allocative efficiency play a central role in any discussion regarding public policy. Second, we analyse perfect and imperfect competition, collusion policies and the relationship between market structure and market power. Finally we analyse the role of the technology in the competition strategies.

Course contents

Introduction and brief resume of microeconomics studies: Basic Microeconomics; The Firm; Games and Strategy. (Luis Cabral ch 1, 2, 3, 4, 5, 6, 10)

Part Two: From monopoly to perfect competition: Monopoly and Regulation; Perfect (and Almost Perfect) Competition; Oligopoly Competition; Collusion. Luis Cabral ch. 7, 8, 9

Part Three: Market Structure and Market Power: Price and non price strategies; Entry and exit; Luis Cabral ch. 11, 12, 13, 14, 15

Part Forth: Technology: Research and Development; Networks and Standards. Luis Cabral ch. 16,17

1) Concorrenza e antitrust, Alberto Pera, il Mulino (all)

2) Organizzazione industriale, Lyne Pepall et al., McGraw-Hill (capitoli 5-6-7, 11-12-13-14, 17-18; read 19-20)

3) Non solo per denaro, Bruno S. Frey, Mondadori (all)

Readings/Bibliography

1) Economia Industriale , Luis Cabral, Carrocci editore. (all)

2) Non solo per denaro, Bruno S. Frey, Mondadori (all)

3) Concorrenza e antitrust, Alberto Pera, il Mulino (all)

4) Organizzazione industriale, Lyne Pepall et al., McGraw-Hill (capitoli 5-6-7, 11-12-13-14, 17-18; read 19-20)

5) Additional teaching material will be provided during the semester

Literature

i) Economia e Politica della concorrenza, Chiara Bentivogli e Sandro Trento, Carrocci

ii) Antitrust Economia e politica della concorrenza, Massimo Motta e Michele Polo, il Mulino

iii) Organizzazione industriale, Dennis W. Carlton e Jeffrey M. Perloff, McGraw-Hill

iv) http://www.lavoce.info/

v) http://www.agcm.it/

vi) http://ec.europa.eu/competition/index_en.html

vii) http://www.nera.com/index.htm

Teaching methods

Slides, reading Group

Assessment methods

Written examination, presentation

Teaching tools

Slides, reading Group

Office hours

See the website of Pierpaolo Giannoccolo