Economia e politica industriale - Prof. Giovanna Morelli - a.a. 2022/2023
ATTENZIONE: i contenuti di questo corso sono relativi all'anno accademico 2022/2023
Topic outline
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Giovanna Morelli is Associate Professor of Political Economy at the University of Teramo - Dept. of Political Sciences, Italy. She served also abroad in private and public universities since 1987. Her research interests include financial systems and institutions, innovation, industrial structure, regulation, and services' industries. She is the author of several books and publications; among the recent ones, on microenterprises and their institutional obstacles, and on the banking structure and the credit market, the lattest published by the Encyclopedia Italiana. She is Editor in chief of Economia dei Servizi. Istituzioni, Mercati, Management, a peer four-monthly review currently included in Econlit/Journal of Economic Literature Indexes and published by Il Mulino, Bologna.
She is member of the Scientific Board for the Unicredit Bank Survey on Manufacturing Firms, Rome, and has been consultant to various Italian governament departments and agencies, private financial institutions, WB and EU.
In the last few decades, Industrial Organization has been arguably one of the most active research field in economics. It began as a branch of applied microeconomics specializing in problems mainly related to imperfect competition, effect of market structure on behavior of firms, concentration & monopoly power, cartel formation, anti-competitive practices and anti-trust issues. The revolution in the field is related to the development of non-cooperative game theory that allows economists to study strategic behavior of firms in the market.
This course focuses on strategic competition between firms, how this is related to market structure and market power and the implications for public regulation of industries.
Topics:
* Introduction to the analysis of industrial organization.
* Quick review of perfect competition and related topics.
* Monopoly, Price discrimination, and Regulation of Natural Monopoly.
* Price competition and the Bertrand model.
* Quantity competition and the Cournot model.
* Product differentiation and price competition; Search cost.
* Advertising, market structure & competition.
* Concentration and Market Power.
* Price Discrimination and regulation.
* Vertical Relations and regulation.
* Entry cost, market structure and welfare.
* Predatory pricing.
* Research&Development and Innovation.
* Networks and Standards.
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