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| ECON0207-1 | Industrial Economics | ||
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| Duration : | 30h Th, 15h Pr | ||
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| Holder(s) : | Izabela Jelovac | ||
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| Course contents : | Description of the course 'Industrial Organization'
Lecturer: Izabela Jelovac (PhD), University of Liège (ijelovac@ulg.ac.be) Teaching assistant: Mickaël Hiligsmann, University of Liège (M.Hiligsmann@ulg.ac.be) The course of Industrial Organization (Economie industrielle) is concerned with the behaviour of firms and how they interact with each other in markets where competition is less than perfect. The course focuses on the strategic interactions of firms and the rent seeking strategies they use. We explain how firms' decisions regarding price, advertising, collusion, R&D, etc. can be modelled, the impact of those decisions on the structure and performance of markets and how game theory can be used to enhance our understanding of firms' strategic behaviour. Program: Introduction Part I: The exercice of monopoly power 1. Monopoly 2. Product selection, Quality and Advertising 3. Price Discrimination 4. Vertical control Introduction to Game Theory Partie II: Strategic Interaction 1. Short-Run Price Competition 2. Dynamic Price Competition and Tacit Collusion 3. Product Differentiation 4. Entry, Accomodation, and Exit 5. Research and Development and the Adoption of New Technologies Basic references: Introduction to industrial organization, L.M.B. Cabral, 2000, MIT Press. The theory of Industrial Organization, J. Tirole, 1988, MIT Press. | ||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 27/02/2006
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