3 hours of lectures per week.
One compulsory assignment that counts 30% of the final grade. 4-hour written final examination that counts 70%.
To provide insight into modern idustrial organization theory in order to enable the students to analyse strategic interactions among firms operating in makets with less than perfect competition.
The course provides an introduction to basic (non-cooperative) game theory, which is applied to the study of strategic interaction among firms operating in imperfectly competitive markets. Topics:
•Basic non-cooperative game theory
•Tactical decisions regarding what and how much to supply
•Tactical decisions regarding what price to charge, including tacit collusion
•Strategic decisions in order to avoid or limit competition.
Waldman, Don E & Jensen, Elizabeth J.: Industrial Organization; Theory and practice. Addison Wesley, 2007
Dixit, Avinash K., Barry J. Nalebuff: Thinking strategically : the competetive edge in business, politics and everyday life. Norton, 1993
