SUBJECT

Title

Business economics

Type of instruction

lecture

Level

master

Part of degree program
Credits

3

Recommended in

Semesters 1-4

Typically offered in

Autumn/Spring semester

Course description

Monopoly, Lerner index; horizontal differentiation, the effect of advertisement and service; vertical differentiation; price discrimination; vertical control; Bertrand’s paradox, repeated games; price competition; tacit collusion; the role of R&D in the competition.

Readings

Jean Tirole, The Theory of Industrial Organization, The MIT Press, Cambridge, 1997.