Industrial Organization

PREREQUISITE: ECON-UA 0010 OR ECON-UA 11 OR ECON-UA 9010 OR ECON-UB 0001 OR ECON-AD 105 WITH A MINIMUM GRADE OF C.

How firms behave in imperfectly-competitive markets. Uses game theory to understand strategic decisions. Topics include price discrimination; peak load pricing; productivity; Bertrand, Cournot, and Hotelling oligopoly models; entry; mergers and merger regulation; monopoly regulation; patents; auctions; and two-sided platforms. Moves from theoretical and mathematical models to real-world data and problem sets.