Face-to-face , second term, 45 hours of theory.

Second term
Wednesday from 08:30 to 10:30
Thursday from 08:30 to 10:30

The course and slides are in French. The textbook is in English.

The course aims to introduce the student to the analysis of the functioning and regulation of markets under imperfect competition. To this end, it develops the main models of oligopolistic competition with a focus on asymmetric information. It places these models in the context of European industrial organization issues, particularly in relation to competition law. The student will be confronted with practical cases developed by external speakers and must be able to assimilate the information presented, synthesize it and relate it to the notions developed during the course.

For the Bachelor : Business Engineering :

For the Bachelor in Economics and Management :

None

1. Firms, consumers and the market
2. Market power: static and dynamic analysis
3. The sources of market power
a. Product differentiation
b. Advertising and marketing
4. Price discrimination
5. Competition policy
a. Cartels and tacit collusion
b. Horizontal and vertical mergers
6. Innovation, R&D and intellectual property

The lecture consists of a presentation of the concepts, models and mechanisms, and of the concrete cases tackled by the institutions in charge of competition policy. It will be supplemented by exercises solved in class which illustrate the key theoretical concepts.

Written exam.

Paul Belleflamme and Martin Peitz, 2015. Industrial Organization: Markets and Strategies, 2nd edition. Cambridge University Press.