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HU Credits:
3
Degree/Cycle:
2nd degree (Master)
Responsible Department:
Environmental Economics & Management
Semester:
2nd Semester
Teaching Languages:
Hebrew
Campus:
Rehovot
Course/Module Coordinator:
Prof. Israel Finkelshtain
Coordinator Office Hours:
Sunday 14:00-16:00
Teaching Staff:
Prof Israel Finkelshtain
Course/Module description:
Antitrust and measurement of market power, new empirical IO, Strategic behavior with differentiated products, models Hotteling & Salop, advertising and promotion,empirical models of differentiated goods. Auction theory: introduction and prototypes, Equilibrium Bids, Minimum Price, the Revenue Equivalence theorem, extensions and generalizations.
Course/Module aims:
Capability: Non competitive market analysis, measurement of market power, knowledge of theoretical and empirical models of differentiated products, imparting knowledge of econometric estimate demand equation, pricing rules and differences in commissions in markets for differentiated products, a basic recognition of the theory of auctions.
Learning outcomes - On successful completion of this module, students should be able to:
Transfuse economic analysis of non-competitive markets
Assess market power and ologopolistic gaps in markets for homogeneous and differentiated products
Evaluate the effectiveness of mechanisms for buying and selling by auction.
Attendance requirements(%):
100% of lectures
Teaching arrangement and method of instruction:
Lectures, supervised reading, econometric analysis
Course/Module Content:
Vertical organization of the branches. Vertical inspection. Vertical consolidation. Price competition (Bertrand). Cournot model. Measuring Power - Market. Dynamic price competition. Strategic behavior with differentiated products. Monopolistic competition. Entry and exit the industry. Entry restrictions. Potential competition. Strategic behavior and information problems. Structure of industries. Research and development. Patent races. Adoption of strategic technologies. Network externalities. Standards. Government intervention (legislation; supervision; privatization).
Required Reading:
Lectures and additional websites will be located on the moodle
Additional Reading Material:
Oz Shy: “ Industrial Organization, Theory and Applications”, MIT Press, 1995.
Jean Tirole: “The Theory of Industrial Organization”, MIT Press, 1989.
Course/Module evaluation:
End of year written/oral examination 0 %
Presentation 0 %
Participation in Tutorials 30 %
Project work 0 %
Assignments 20 %
Reports 0 %
Research project 50 %
Quizzes 0 %
Other 0 %
Additional information:
None
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