• Volos+Pentax+146
  • 1
  • Financial Technology
  • financial-life
  • financial-planning-audit-reporting
  • Investment-Finance-Banking
  • Emirates NBD 1
  • services
  • Percentage population living on less than 1 dollar day 2007-2008
  • economics
  • 29
  • Education-Studying-Position

Industrial Organization and Industrial Policy

ECTS credits: 5

Course Description

The module covers several subject areas particularly derived from micro economics. Emphasis is given on the theory of the firm, the economies and anti-economies of scale, production and cost theory. In addition monopoly, oligopoly structure, price determination, entry competition, market structure, advertising, vertical/horizontal integration and R&D will be analysed extensively. Finally, firm’s strategic behaviour will be analyzed from the perspective of game theory.



Tirole Jean (1989) The Theory of Industrial Organization, Cambridge, MIT Press

Suggested papers:

Abreu, D. 1986. “Extreme Equilibria of Oligopolistic Supergames.” Journal of Economic Theory 39: 191–225.

Abreu, D. 1988. “On the Theory of Infinitely Repeated Games with Discounting.” Econometrica 56: 383–396.

Alchian, A., and H. Demsetz. 1972. “Production, Information Costs, and Economic Organization.” American Economic Review 62: 777–795.

Anderson, S., and M. Engers. 1992. “Stackelberg versus Cournot Oligopoly Equilibrium.” International Journal of Industrial Organization 10: 127–135.

Bergin, J., and W. B. MacLeod. 1993. “Efficiency and Renegotiation in Repeated Games.” Journal of Economic Theory 61: 42– 73.

Bertoletti, P., and C. Poletti. 1997. “X-Inefficiency, Competition and Market Information.” Journal of Industrial Economics 45: 359–376.

Blackstone, E. A. 1972. “Limit Pricing and Entry in the Copying Machine Industry.” Quarterly Review of Economics and Business 12: 57–65.

Bresnahan, T. 1985. “Post-Entry Competition in the Plain Paper Copy Market.” American Economic Review Papers and Proceedings 75: 15–19.

Cheng, L. 1985. “Comparing Bertrand and Cournot Equilibria: A Geometric Approach.” Rand Journal of Economics 16: 146–152.

Coase, R. 1960. “The Problem of Social Cost.” Journal of Law and Economics 3: 1– 4.

Coase, R. 1988. “The Nature of the Firm.” Economica 4 (1937): 386–405. Rpt. in The Firm, the Market, and the Law. ed. R. Coase. Chicago: University of Chicago Press, 33–55.

Dasgupta, P., and E. Maskin. 1986. “The Existence of Equilibria in Discontinuous Economic Games II: Applications.” Review of Economic Studies 53: 27–41.

Demsetz, H. 1982. “Barriers to Entry.” American Economic Review 72: 47–57.

Dickson, V. 1988. “Price Leadership and Welfare Loss in U.S. Manufacturing: Comment.” American Economic Review 78: 285–287.

Dixit, A. 1979. “A Model of Oligopoly Suggesting a Theory of Barriers to Entry.” Bell Journal of Economics 10: 20–32.

Dixit, A. 1980. “The Role of Investment in Entry Deterrence.” Economic Journal 90: 95–106.

Dixit, A. 1982. “Recent Developments in Oligopoly Theory.” American Economic Review, Papers and Proceedings 72: 12–17.

Dixit, A. 1986. “Comparative Statics for Oligopoly.” International Economic Review 27: 107–122.

Gisser, M. 1986. “Price Leadership and Welfare Loss in U.S. Manufacturing.” American Economic Review 76: 756–767.

Grossman, S., and O. Hart. 1986. “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration.” Journal of Political Economy 94: 691–719.

Hart, O. 1983. “The Market as an Incentive Scheme.” Bell Journal of Economics 14: 366–382.

Levitan, R., and M. Shubik. 1972. “Price Duopoly and Capacity Constraints.” International Economic Review 13: 111–122.

Mankiw, N. G., and M. Whinston. 1986. “Free Entry and Social Efficiency.” RAND Journal of Economics 17: 48–58.

Nash John (1951) “Non-cooperative games”, Annals of Mathematics, volume 54, pp. 286-295.

Osborne, M. J., and C. Pitchik. 1986. “Price Competition in a Capacity-Constrained Duopoly.”Journal of Economic Theory 38: 238–260.

Perry,M. 1984. “Scale Economies, Imperfect Competition, and Public Policy.” Journal of Industrial Economics 32: 313–330.

Vives, X. 1985. “On the Efficiency of Cournot and Bertrand Competition with Product Differentiation.” JournalofEconomicTheory 36: 166–175.


Travel Turne Tranzito