Industrial Organisation

As Taught Spring Semester 2011



Professor M Sefton, School of Economics, University of Nottingham

Module Title: Industrial Organisation

Module Code: L14021

Total Credits: 15

Level of Study: Post Graduate

Offering School: School of Economics

Frequency of Class: 1 x 2 hour lecture per week

Prerequisites: L14001 Microeconomic Theory

Targeted Students: MSc students in the School of Economics

The content presented here provides information for prospective students on module L14021 – ‘Industrial Organisation’, offered by the School of Economics, University of Nottingham. The module convenor is Professor M Sefton.

The module will cover both theoretical and experimental research on a number of topics. Rather than give a broad overview of the field of Industrial Organisation we intend to cover a few topics in depth. Useful theory background is covered in a variety of textbooks, for example:

  • Martin, S., 2010, Industrial Organisation in Context, Oxford University Press.
  • Martin, S., 2002, Advanced Industrial Economics, Blackwell.

Week 1 – Cournot and Stackelberg models of oligopolistic competition

Week 2 – Endogenous timing in models of oligopolistic competition

Week 3 – Price Competition

Week 4 – Price Competition with Consumer Inertia

Week 5 – Regulation - Encouraging Compliance Using Bonuses and Fines

Week 6 – Regulation - Leniency Policies in Antitrust

Week 7 – Spatial Price Competition

Week 8 – Comparing Price and Quantity Competition