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Learning Objectives
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Students are required to:
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Understand different models of oligopoly coordination and give an account of, why they arrive at different predictions,
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Understand how horizontal mergers may be modelled and how the effect of a merger depends on fundamentals,
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Understand how different vertical restraints complement or supplement each other in solving vertical coordination problems or how and when they may lead to foreclosure,
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Understand the literature on the different sources of market power and solve models that involve such forces,
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Master the basic techniques of structural empirical studies of industries with market power and of innovation and markets structure, and exemplify how the techniques may be used
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Examination
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Advanced Industrial Organization
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Final exam:
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Assessment
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Written Exam
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Marking Scale
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7-step scale
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Censorship
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No censorship
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Exam Period
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May/June
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Aids
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Closed Book
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Duration
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4 Hours
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The students must hand in 3 exercise preparations during the course and must passtwo out of three exercise preparations on an approved/not approved basis before the final exam.
If a student - due to documented illness or failed attempts - does not pass two out of three exercise preparations, the student will be given a final chance to retake this part of the course by handing in a new exercise preparation prior to the final exam.
The 4 hour written exam is without aids, but approved calculators are allowed. |
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Course Content
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The purpose of this course is to progress on some topics from the undergraduate teaching of Microeconomics and /or Industrial Organization (e.g. oligopoly coordination or vertical restraints) and to cover some additional topics (for example the economics of networks and two-sided markets, mergers, as well as R&D and innovation). The course will also cover the new empirical industrial economics that analyses real market behaviour on the basis of rigid IO theory. It is assumed that students are familiar with Intermediate Microeconomics. |
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Teaching Methods
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Lectures, student workshops, presentations in class, and exercises
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Student Workload
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Further Information
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Part of this course may be taken as a Phd course by a limited number of Phd students.
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Literature
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Indicative:
Paul Belleflamme and Martin Peitz (2010), Industrial Organization: Markets and Strategies, Cambridge et al.: Cambridge University Press and a collection of articles. |
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