SUBJECT
Title
Business economics
Type of instruction
lecture
Level
master
Faculty
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.