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ECON0207-2

Industrial Economics

[ version française ]

Duration :30h Th
Credits/ECTS :
5th year of the 5 year degree in civil engineering in electricity (systèmes d'énergie électrique)3
Holder(s) :Izabela Jelovac
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

Oligopoly

  • Oligopolistic competition
  • Collusion
Price and nonprice strategies

  • Price discrimination
  • Vertical relations
  • Product differentiation
  • Advertising
Market structure
  • Entry barriers
  • Fusions
Research and development

Asymetric information

  • Basic model
  • Moral hazard
  • Adverse selection
  • Signaling
Basic references:
  • Introduction to industrial organization, L.M.B. Cabral, 2000, MIT Press.
  • The Theory of Industrial Organization, J. Tirole, 1988, MIT Press.
Contacts : Lecturer: Izabela Jelovac, Université de Liège (ijelovac@ulg.ac.be)

Assistant: Mickaël Hiligsmann, Université de Liège (M.Hiligsmann@ulg.ac.be)




ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 18/05/2007
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