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Advanced Industrial Organization (ECO-AD-ADVINDORG)

ECO-AD-ADVINDORG

Purpose

IMPORTANT: Classes will NOT be recorded.
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
3. Vertical restraints and contracts
4. Platforms
5. Consumer search and market outcomes
6. Economics of data and digital markets
7. Artificial Intelligence and competition
If time allows:
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
See the bibliography file.

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