In this topic, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly.
Industrial Organization 2016-17
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.
In this topic we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two.
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...
In this topic, we look at the different varieties of price discrimination which monopolists may perform.
In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...
In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.