Skip to main content

Industrial organization

2023/2024
Programme:
Financial mathematics, First Cycle
Year:
3 year
Semester:
first
Kind:
optional
ECTS:
6
Language:
slovenian
Course director:

Assoc. Prof. Matej Švigelj, Prof. Jelena Zorić

Lecturer (contact person):

Assoc. Prof. Matej Švigelj, Prof. Jelena Zorić

Hours per week – 1. semester:
Lectures
2
Seminar
1
Tutorial
1
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, L., Richards, D., & Norman, G. (2014). Industrial organization: Contemporary theory and empirical applications. 5th ed. Wiley.

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

midterm exam and final partial written exam or final written exam (bonus: homeworks and/or knowledge testing during the semester)

Lecturer's references

Matej Švigelj:
ŠVIGELJ, Matej, HROVATIN, Nevenka, ZORIĆ, Jelena. Are Internet users in Slovenia willing to pay for fast broadband and what drives them to migrate. Ekonomska istraživanja. 2019, vol. 32, iss. 1, str. 1001-1018. ISSN 1331-677X. [COBISS-SI-ID 25069030]
ŠVIGELJ, Matej, HROVATIN, Nevenka. Analysis of household broadband technology preferences in Slovenia. Eurasian business review. Dec. 2019, vol. 9, iss. 4, str. 407-422. ISSN 1309-4297. [COBISS-SI-ID 25135334]
PREDOVNIK, Anže, ŠVIGELJ, Matej. The impact of implicit electricity market coupling on the Slovenian Austrian border on the efficiency of cross-border transmission capacity allocation and social welfare in Slovenia. Economic and business review, ISSN 1580-0466. [Tiskana izd.], 2017, vol. 19, iss. 2, str. 131-154. [COBISS-SI-ID 24233446]
HROVATIN, Nevenka, ŠVIGELJ, Matej. The interplay of regulation and other drivers of NGN deployment : a real-world perspective.Telecommunications policy, ISSN 0308-5961. [Print ed.], nov. 2013, vol. 37, iss. 10, str. 836-848, tabele; graf. prikazi. [COBISS-SI-ID 21560806]
HROVATIN, Nevenka, CIBIC, Damir, ŠVIGELJ, Matej. Deployment of the fibre network in Slovenia : what can be learnt?. Transformations in business & economics, ISSN 1648-4460, 2013, vol. 12, no. 1 (28), str. 182-205. [COBISS-SI-ID 21467366]
ŠVIGELJ, Matej, HROVATIN, Nevenka. Network effects and choice of mobile operator in Slovenia. E+M : ekonomie a management, ISSN 1212-3609, 2011, vol. 14, no. 3, str. 87-99. [COBISS-SI-ID 20307686]
Jelena Zorić:
DOLŠAK, Janez, HROVATIN, Nevenka, ZORIĆ, Jelena. Estimating the efficiency in overall energy consumption : evidence from Slovenian household-level data. Energy economics. [Print ed.]. Oct. 2022, vol. 114, article no. 103241, 13 str. [COBISS-SI-ID 118963715]
HALUŽAN, Marko, VERBIČ, Miroslav, ZORIĆ, Jelena. An integrated model for electricity market coupling simulations : evidence from the European power market crossroad. Utilities policy. [Print ed.]. Dec. 2022, vol. 79, article no. 101456, 20 str. [COBISS-SI-ID 130149379]
DOLŠAK, Janez, HROVATIN, Nevenka, ZORIĆ, Jelena. Factors impacting energy-efficient retrofits in the residential sector : the effectiveness of the Slovenian subsidy program. Energy and buildings. [Print ed.]. Dec. 2020, vol. iss. 229, art. 110501, 14 str. [COBISS-SI-ID 30513667]
RIHAR, Miha, HROVATIN, Nevenka, ZORIĆ, Jelena. Household valuation of smart-home functionalities in Slovenia. Utilities policy, ISSN 0957-1787. Apr. 2015, vol. 33, str. 42-53 [COBISS-SI-ID 22405350]
FILIPPINI, Massimo, HUNT, Lester C., ZORIĆ, Jelena. Impact of energy policy instruments on the estimated level of underlying energy efficiency in the EU residential sector. Energy policy, ISSN 0301-4215. Jun. 2014, vol. 69, str. 73-81 [COBISS-SI-ID 21971430]