NEK703 Industrial Economics (Spring 2005)

Literature:

Tirole, J.: The Theory of Industrial Organization, MIT Press, Cambridge, 1988.

Contents:

Monopoly pricing and product quality 

Exercise on durable goods monopoly

The paper by Güth and Ritzberger: "On Durable Goods Monopolies and the Coase-Conjecture"
will be distributed in class; an electronic version will be provided after request by e-mail.

Oligopoly

The paper by Kreps and Scheinkman: "Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes"

Exercises 1-4

Solution Exercises 1-3

Two papers on mergers:

             Raymond Deneckere; Carl Davidson:  Incentives to Form Coalitions with Bertrand Competition The RAND Journal of Economics, Vol. 16, No. 4. (Winter, 1985), pp. 473-486.

             Joseph Farrell; Carl Shapiro: Horizontal Mergers: An Equilibrium Analysis. The American Economic Review, Vol. 80, No. 1. (Mar., 1990), pp. 107-126.

A paper on collusion:

              Edward J. Green; Robert H. Porter: Noncooperative Collusion under Imperfect Price Information. Econometrica, Vol. 52, No. 1. (Jan., 1984), pp. 87-100.