Learning objectives
The main objective of this course is to re-examine the most classic issue in the study of Industrial
Organization (IO), i.e., the relation between “size” and “concentration” of the market. A second
objective is to offer methodological tools for the analysis of productive sectors (or industries). In
both cases, the Single European market will be the reference point.
Prerequisites
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Course unit content
The «Harvard School » (E. Mason and J.Bain): the traditional paradigm of Industrial Organization (IO) in the Forties (Structure-conduct-performance, S-C-P) and its subsequent evolution. The «Chicago School» of G. Stigler (Sixties). The «New» IO: market mechanisms and strategic behaviour (A. Jaquemin, Eighties). The «review» of J. Sutton (Nineties): the role of product differentiation and of «sunk costs» (investment in advertising and R&D). The new European oligopoly: some evidence. SMEs, «clusters» and industrial districts. Public policy: regulations and antitrust law. Why “Manufacturing Matters”.
Full programme
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Bibliography
D. W. CARLTON, J. M. PERLOFF, Organizzazione Industriale, 3rd Italian edition by M. Beccarello and F. Mosconi, Milan, McGraw-Hill, 2013.
Teaching methods
Lectures, Seminars, and Case-studies
Assessment methods and criteria
Written exam
Other information
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