Welcome to the 2014 Industrial Organisation site
This year’s course will be very similar to the 2013 and 2012 ones, which you can see by clicking on the links on the right, or at the top.
Industrial Organization 2014-15
Topic 1: Introduction to Industrial Organisation
In this topic, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly.
Facebook Page
This Industrial Organisation Course now has a Facebook page here. Follow the page to get updates when new slides are released.
Jean Tirole wins the 2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Tirole has made many huge contributions to the field of Industrial Organisation that we’re studying this semester. I know I’m a bit late on this as I’ve been...
Topic 2: Basic oligopoly
In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.
Topic 3: Further static oligopoly
In this topic we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two.
Topic 4: Will profits in reality be higher or lower than under Cournot?
In this topic we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We begin by reminding ourselves of the origins...
Mock mid-term short answer test
Below is the mock mid-term short answer test.
Topic 5: Price discrimination and nonlinear pricing
In this topic, we look at the different varieties of price discrimination which monopolists may perform.
Topic 6: Product differentiation
In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...
Topic 7: Advertising
In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.