ECON-631 Industrial Organization
Fall for 2017-2018
The course studies theoretical models of industrial organization that are used to address competition policy and monopoly regulation. Topics covered will include some of the following: monopoly behavior and welfare losses; strategic interaction in oligopoly--prices, outputs, investments; welfare tradeoffs due to fixed costs, asymmetric costs, and product differentiation; collusion and horizontal mergers; price discrimination; vertical control--incentives and methods, including integration versus contracting, and vertical control for exclusionary purposes; promoting competition in traditionally regulated network industries; innovation and intellectual property rights.
Credits: 3
Prerequisites: ECON-602
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