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 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