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  • Essay
  • December 10th, 2013

Industrial Organization Custom Essay

choice any topic related to this course: industrial organization. can analysis an company’s market strategy or compare two company. just make sure using information related to this class(industrial organization)

COURSE DESCRIPTION
Industrial organization is the study of firm behavior and market outcomes under different forms of competition, with emphasis on oligopoly, where firms interact strategically. We apply optimization and game theoretic reasoning in order to explain pricing schemes, branding, merger activity and other features we observe in

actual markets. From a social point of view, we are interested in when and why competition leads to inefficiencies, and how regulation can address them.
The first part of the course looks at the workhorse models of market structure: first the “extreme” settings of perfect competition and monopoly, then the intermediate oligopoly models (Bertrand and Cournot). The second part of the course considers how firms attempt to change the industry structure through consolidation (entry deterrence, mergers, tacit collusion). In the third part of the course we explore advanced topic such as network effects, intellectual property, and advertising.

 

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