| Subject |
The base concepts in industrial economics will be further developed and deepened. The course will explore market structures and market power as well as techonological developments, monopoly positions, and its pricing.
What is the role of product variation? What are the characteristics and consequences of bundling, tie-in and complementary goods? Equally important are permanent goods, inefficiency and the race for monopoly benefits. In addition, the Cournot oligopoly, Bertrand oligopoly and the Stackelberg model will be discussed. The formation of cartels and mergers also plays a role.
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| Study material |
Main Reading: Lynne Pepall, Daniel J. Richards, George Norman (2005): Industrial Organization: Contemporary Theory and Practice, Third Edition, Thomson, South-Western.
Similar Reading: Dennis W. Carlton, Jeffrey M. Perloff (2005): Modern Industrial Organization, Fourth Edition, Pearson, Addison Wesley.
Challenging: Jean Tirole (1988): The Theory of Industrial Organization, MIT Press.
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