JEB156 - Industrial Organization

Credit: 6
Status: Bachelors - All
Bachelors - elective
BEF - elective
English
Semester - summer
Course supervisors: Matěj Bajgar M.Sc., DPhil.
Course homepage: JEB156
Literature: Primary course textbook

Pepall, L., D. Richards and G. Norman (5th ed. 2014) Industrial Organization: Contemporary Theory and Empirical Applications. Blackwell Publishing.

Another good IO textbook with a good balance of European and US applications

Belleflamme, P., and M. Peitz (2nd ed. 2015) Industrial Organization: Markets and Strategies. Cambridge University Press.

A good accessible introduction to IO

Cabral L. M. B. (2000) Introduction to Industrial Organization. MIT Press.
Description: From taxis to accommodation to advertising, digital technology is changing how industries operate. Network economies, online platforms, zero pricing, big data, cloud computing and other new developments are disrupting markets, creating new sources of market power and transforming market structure.

This course explores these developments, as well as market dynamics and firm strategies in more traditional industries. It offers an introduction to Industrial Organisation (IO), which studies the economics of imperfectly competitive markets, i.e. markets which are not well described by the extreme cases of either perfect competition or monopoly.

The objective is to provide students with an understanding of key IO concepts and models. (If all goes well, reading the Economist magazine will never be the same.) An additional objective is to make students familiar with modern IO research. This will allow them to read and evaluate applied IO work and provide them with the background required to write a thesis in the field of IO.
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