課程信息
4.6
5 個評分
1 個審閱
Industrial Organization is the area of economics that studies the markets as institutions, the state of competition and strategic interaction among firms, the industrial policy and the business decisions firms make within the market framework. The course looks at the markets from three different perspectives: the economic theory, the applied business perspective and the institutional and legal perspective. The focus of the course is split equally between the economic theory and business perspective but there is a significant legal component incorporated in various topics. The course includes economic modeling, game theory, numerous real life examples and several case studies. We explore interesting topics of market organization such as negotiations, antitrust, networks, platforms, electronic markets, intellectual property, business strategies, predation, entry deterrence and many others. The basic objective of the course is to enable the student to understand the structure of markets and the nature of strategic competition. Knowledge in this course will be valuable for the students in acquiring managing and governance skills, enriching their understanding of the institutional framework of business, and improve their analytical ability in negotiations. Prerequisites: The course requires understanding of basic economic modeling, knowledge of intermediate microeconomics (especially production/cost theory), knowledge of basic concepts and methodologies of game theory, intermediate econometrics and basic calculus....
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Approx. 30 hours to complete

建議:10 weeks of study, 4 hours per week...
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Globe

100% 在線課程

立即開始,按照自己的計劃學習。
Calendar

可靈活調整截止日期

根據您的日程表重置截止日期。
Clock

Approx. 30 hours to complete

建議:10 weeks of study, 4 hours per week...
Comment Dots

English

字幕:English...

教學大綱 - 您將從這門課程中學到什麼

Week
1
Clock
完成時間為 2 小時

The firm

Our first lecture is devoted to building a microeconomic foundation, which is necessary for understanding the lectures to come. In the beginning segment we will say a few words about the course and, then, we will focus on the concept of the firm. We will try to define what a firm actually is and why business is organized based on the notion of the firm. We will talk about technology, economies of scale, concentration, informational asymmetries, hold-up and we will present our first case study: GM vs. Fisher Body. It may seem to you that you have heard some of this lecture’s terms before, or you already know them, but reviewing them and deeply understanding them will be essential for the continuation of the course....
Reading
10 個視頻(共 83 分鐘), 2 個閱讀材料, 1 個測驗
Video10 個視頻
1. Tour of the course4分鐘
2. What is a firm?7分鐘
3. The technological view12分鐘
4. Economies and concentration6分鐘
5. Incomplete contract9分鐘
6. Informational asymmetries10分鐘
7. Long-run relationship8分鐘
8. Vertical relationship model11分鐘
9. Case: GM vs. Fisher Body9分鐘
Reading2 個閱讀材料
Welcome note2分鐘
Readings & Links2分鐘
Quiz1 個練習
The firm分鐘
Week
2
Clock
完成時間為 3 小時

Game theory foundations

In this lecture we will focus on the principles of strategic interaction. The most important tool to understand strategy is game theory. We will define and explain different categories of games. The ultimate goal of this lecture is to enable you to use game theory so that you can model interaction and negotiations. We will talk about equilibrium in dominant strategies, which is a non-strategic equilibrium, the Nash equilibrium and the prisoner’s dilemma. We will get acquainted with static, repeated and dynamic games. I will tell you a real story of prisoner’s dilemma and we will have an extended example on firm interaction with “Energon vs. Orange”....
Reading
10 個視頻(共 98 分鐘), 1 個閱讀材料, 1 個測驗
Video10 個視頻
2. The bi-matrix and strict dominance10分鐘
3. Dominant Equilibrium6分鐘
4. Nash Equilibrium13分鐘
5. Interesting cases of NE8分鐘
6. The prisoner’s dilemma5分鐘
7. Case: The cheater’s dilemma10分鐘
8. Repeated games10分鐘
9. Dynamic games8分鐘
10. Example: Energon vs. Orange13分鐘
Reading1 個閱讀材料
Readings & Links2分鐘
Quiz1 個練習
Game theory foundations分鐘
Week
3
Clock
完成時間為 3 小時

Static competition

The topic of this lecture is short-run competition. That is, interaction that lasts only for one period. Static competition is not the most usual form of competition but it is not rare, either. Most of the principles that we will present in this lecture will carry over to the dynamic competition analysis later. There are two different kinds of static competition. The first is when strategic variables have a positive causative relationship, as in competition with prices. The second is when the strategic variables are negatively related, as in competition with quantities. We will cover interesting notions such as first-mover advantage, the Bertrand Paradox, capacity constraints, differentiated products, and will introduce the notion of collusion that will be of major importance for our future lectures....
Reading
10 個視頻(共 95 分鐘), 1 個閱讀材料, 1 個測驗
Video10 個視頻
2. Competition in quantities12分鐘
3. Application: Linear demand – constant cost11分鐘
4. First mover advantage12分鐘
5. Competition in prices9分鐘
6. The Bertrand Paradox5分鐘
7. Capacity constraints8分鐘
8. Differentiated products9分鐘
9. Application: Differentiated products6分鐘
10. The prospect of collusion10分鐘
Reading1 個閱讀材料
Readings & Links2分鐘
Quiz1 個練習
Static competition分鐘
Week
4
Clock
完成時間為 3 小時

Dynamic competition

We extend the analysis of competition introducing interactions with time depth. We will use several concepts from the previous lectures but here we have two important qualitative differences. When competition lasts for more than one period, players develop reputations and are given the opportunity to retaliate in case they are cheated upon. Reputation and retaliation may alter the outcome of interaction in comparison to interactions that last only for one period. We will talk about repetitive and dynamic interactions, collusion, renegotiation, price wars, antitrust and detection mechanisms....
Reading
10 個視頻(共 100 分鐘), 1 個閱讀材料, 1 個測驗
Video10 個視頻
2. Infinite horizon12分鐘
3. Renegotiation9分鐘
4. Price wars14分鐘
5. Establishing collusion14分鐘
6. Complications: asymmetries and heterogeneity7分鐘
7. Complications: volatility and structure8分鐘
8. Antitrust9分鐘
9. Prosecution is not straightforward8分鐘
10. Detection6分鐘
Reading1 個閱讀材料
Readings & Links2分鐘
Quiz1 個練習
Dynamic competition分鐘

講師

Kosmas Marinakis

Assistant Professor
ICEF and Faculty of Economics Sciences, HSE

關於 National Research University Higher School of Economics

National Research University - Higher School of Economics (HSE) is one of the top research universities in Russia. Established in 1992 to promote new research and teaching in economics and related disciplines, it now offers programs at all levels of university education across an extraordinary range of fields of study including business, sociology, cultural studies, philosophy, political science, international relations, law, Asian studies, media and communications, IT, mathematics, engineering, and more. Learn more on www.hse.ru...

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