Applied industrial economics (2014/2015)



Course code
4S02471
Credits
9
Coordinator
Maria Vittoria Levati
Academic sector
SECS-P/02 - ECONOMIC POLICY
Language of instruction
English
Teaching is organised as follows:
Activity Credits Period Academic staff Timetable
lezione 1 6 primo semestre Maria Vittoria Levati
lezione 2 3 primo semestre Angelo Zago

Lesson timetable

primo semestre
Activity Day Time Type Place Note
lezione 1 Monday 9:20 AM - 11:50 AM lesson Lecture Hall C  
lezione 1 Wednesday 9:20 AM - 11:50 AM lesson Lecture Hall C  

Learning outcomes

The course focuses on relevant topics of industrial organizations, with particular attention to the analysis of empirical applications. It is divided into two parts.
The first part intends to provide students with rigorous economic tools for the analysis of market structure and market relations. Applications of experimental and behavioral economics to industrial organization will be also discussed.
The second part will introduce the theory of Principal-Agent. The treatment will be rigorous, but particular emphasis will be given to applications.

Syllabus

Markets structures and Organization:
- perfect competition,
- advanced monopoly theory,
- markets for homogeneous/differentiated products,
- collusion.

Principal-Agent and optimal contracts:
- optimal risk-sharing,
- unobservable effort,
- dynamic contracts,
- multitasks.

Recommended reading
• OZ SHY: "Industrial Organization - Theory and Applications", MIT Press 1995. The chapters to study are: 2, 3, 4, 5, 6, 8.
• M. RICKETTS. "The Economics of Business Enterprise. An Introduction to Economic Organization and the Theory of the Firm", Edward Elgar, 3rd ed., 2002, chapter 5.

Further reading
• JEFFREY CHURCH AND ROGER WARE: "Industrial Organization: A Strategic Approach", McGraw-Hill 2000 (downloadable from elearning).
• Additional papers will be distributed during the course.

Assessment methods and criteria

Written exam & presentation of an article.