Course description
The course provides an overview of theories of oligopolistic markets and teaches the students how to analyse and apply the central (game theoretic) models of strategic interaction in imperfectly competitive markets. Part of the course is devoted to the study of seminal contributions to the industrial economics literature. The course is intended to give students an overview of the most important issues concerning imperfectly competitive markets, including firms' strategic challenges and governments' regulatory problems (competition policy). The course will enable students to read and understand original literature in the field. They shall know, and be able to apply, the most central theories/models. They shall also be able to adapt simple variants of such model in order to analyse specific questions.
Reading list
Klemperer, P, 1999, Auction Theory: a guide to the literature, Journal of Economic Surveys 13, 227 - 86 (download able from http://www.paulklemperer.org/index.htm)
Tirole, J., 1988, The Theory of Industrial Organization. The MIT Press