ECONOMICS OF STRATEGIC COMPETITION

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Single discipline educational activity

Course Sheet

Course code:

ECSA16

Academic Year of enrolment:

2023

Year of supply:

2023/2024

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Political Economy

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

MASI Tania

Cycle:

Third four months

Hours of classroom activity:

Individual study hours:

171

Prerequisites:

Although no prerequisites are required, it is necessary for the student to master the fundamental concepts of perfect competition, monopoly, and oligopoly, studied during the Microeconomics course.

Objectives

The aim of the course is to pursue the general objective of the degree course furnishing knowledge and expertise concerning the functioning of competitive and non-competitive markets and the optimizing behavior of companies. We consider it important to make students acquire the logic of strategic competition among firms, with particular attention to the role that market imperfections (in terms of competition and/or information) have in defining such strategies. This objective is inserted in the context of the degree course aimed at training business managers with the necessary knowledge to operate in an environment of non-competitive markets where companies can exercise market power.

Extended Syllabus

-Industrial Organization: What, How, and Why
- Market Structure and Market Power
- Technology and Production Costs
- Price Discrimination and Monopoly: Linear Prices
- Price Discrimination and Monopoly: Non-linear Prices
- Product Variety and Quality in Monopoly
Static Games and Cournot Competition
- Price Competition
- Competition and Sequential Decisions: Prices, Quantities, and Product Choices
- Price Ceilings and Entry Deterrence
- Predatory Behavior: Recent Developments
- Collusion and Repeated Games
- Collusion: Identification and Counteraction
- Mergers
- Vertical Price-Related Restrictions
- Advertising, Market Power, Competition, and Information
- Research and Development and Patents
- Network Issues and Digital Markets

Recommended Bibliography

Pepall L., Richards D., Norman G., Calzolari G. (2023). ORGANIZZAZIONE INDUSTRIALE 4/ED. McGraw-Hill

Methods of Provision

Conventional

Teaching Methods

The course consists of fifty-four hours of frontal teaching, divided into lectures of three hours each. The lectures focus on the contents of the textbook. Additionally, there will be moments for discussing the topics covered, including the examination of commentary and journal articles.

Evaluation methods

Verification of learning:

The exam is written and comprises three open-ended questions.

Contacts/More Information

All course information, teaching material and communications will take place over the e-learning platform.

Other courses

Course year: 1

CORPORATE FINANCE
6 Credits - Characterising
CORPORATE STRATEGY
9 Credits - Characterising
CRISIS, TURNAROUND STRATEGIES AND FINANCING
9 Credits - Characterising
ECONOMICS OF STRATEGIC COMPETITION
9 Credits - Characterising
ENTERPRISE BUSINESS PLAN
6 Credits - Characterising
IMPACT BANKING AND SUSTAINABLE FINANCE
6 Credits - Characterising
INTERNATIONAL ACCOUNTING AND FINANCIAL REPORTING
6 Credits - Characterising
QUANTITATIVE METHODS FOR FINANCE
9 Credits - Characterising
ENGLISH ADVANCED
6 Credits

Course year: 2

EUROPEAN POLITICAL ECONOMICS
6 Credits - Characterising
FINANCIAL FRAUD AND COMPANY LAW
6 Credits - Characterising
MERGERS AND ACQUISITIONS
6 Credits - Related/Supplementary
PROJECT FINANCING
6 Credits - Related/Supplementary
LABORATORY/WEB MARKETING
6 Credits
STAGE AND OTHER ACTIVITIES
6 Credits

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ECONOMICS OF STRATEGIC COMPETITION