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Industrial organization

2018/2019
Programme:
Financial mathematics, First Cycle
Year:
3 year
Semester:
first
Kind:
optional
ECTS:
6
Language:
slovenian
Course director:

Aljoša Feldin

Hours per week – 1. semester:
Lectures
2
Seminar
0
Tutorial
2
Lab
0
Content (Syllabus outline)
  1. Technology and market structure
    1.1. Classic monopoly and multi-product monopoly
    1.2. Basic game theory
    1.3. Oligopolistic markets
  2. Predation – maintaining market power
  3. Market segmentation
    3.1. Product differentiation
    3.2. Price discrimination
  4. Collusive behavior and cartels
    4.1. Dynamic oligopoly models
    4.2. Cartels
    4.3. Mergers
  5. Vertical relations and in constraints
Readings

Pepall Lynne, Richard Daniel J., Norman George: Industrial Organization: Contemporary Theory and Practice, 3rd. ed., South-Western - Thomson Learning, 2005. ISBN 0-324-26130-6
Tirole Jean: The Theory of Industrial Organization, The MIT Press, 1988. ISBN 0-262-20071-6

Objectives and competences

Enable students to recognize market structures and their properties, the causes that gave rise to these structures, and strategies that firms use to retain or develop their positions within the structures.

Intended learning outcomes

Learning the broad matter of market structure analysis and the factors that affect it with tools of microeconomic partial equilibrium models and game theory.
Learning about how market circumstances are affected by market size, technological properties, type of competition and government's activities.
Learning about the conflict between incentives of competitive firms and social welfare.

Learning and teaching methods

Ex catedra lectures and solving numeric cases

Assessment

Two written midterm tests, 50% of the final grade each, or final written exam for 100% of the grade.

Lecturer's references

FELDIN, Aljoša, KOŠAK, Marko, PRAŠNIKAR, Janez, RAŠKOVIĆ, Matevž, ŽABKAR, Vesna. Strategic considerations in banking ownership : the case of Slovenian banking market. Transformations in business & economics, ISSN 1648-4460, 2009, vol. 8, no. 3 (18), str. 36-56. [COBISS-SI-ID 18917606]
FELDIN, Aljoša. Political sustainability of flat income tax : the Slovenian case. Economic and business review, ISSN 1580-0466. [Tiskana izd.], Jun. 2008, vol. 10, no. 2, str. 77-88, ilustr. [COBISS-SI-ID 17950950]
FELDIN, Aljoša. Core convergence in two sided matching markets. V: SERTEL, Murat R. (ur.), KORAY, Semih (ur.). Advances in economic design, (Studies in economic design). Berlin, London: Springer, 2003, str. 125-150. [COBISS-SI-ID 1971922]
FELDIN, Aljoša. Tržne strukture in njihov vpliv na konkurenčnost slovenskega gospodarstva : študija opravljena v okviru CRP "Konkurenčnost Slovenije 2006-2013". Ljubljana: Ekonomska fakulteta, jun. 2010. 63 str., graf. prikazi, tabele. [COBISS-SI-ID 21028326]