MARKET POWER, COMPETITION AND REGULATION

Code Cours
2324-IÉSEG-M1S2-IBE-MA-89UE
Language of instruction
English
Teaching content
INTERNATIONAL BUSINESS
Training officer(s)
H.EL ASRAOUI, W.MIMRA
Stakeholder(s)
W.MIMRA
Level
Master
Program year
Period

Présentation

Prerequisite
Basic knowledge in microeconomics, interest in strategic market analysis,
some knowledge of game theory or industrial organization is helpful but not required.
Goal
At the end of the course, the student should be able to:
Analyze the different forms of competitive forces in markets
Understand and analyze the sources and strategic use of market power
Understand the policy framework---regulation, competition policy and antitrust---that shapes the market environment
Learn about and analyze important competition policy cases, such as European Commission vs. Google
Presentation
The course has two parts: In the first part, an introduction to modern industrial economics is given in interactive lectures. In the second part, strategic market analysis is put to practice: Students analyze, write a report and present a competition policy case such as European Commission (EC) vs. Google, EC vs. Intel, the Visa/Mastercard case, etc. Many cases for many different markets (e.g. pharmaceuticals, football transmission rights, airline industry) including merger cases available.

Outline Part I: Interactive Lecture
1. Introduction to Market Analysis and Competition Policy
2. Firms, Consumers and the Market
3. Sources of Market Power: Product differentation, Advertising, Bundling, Consumer Inertia, …
4. Pricing Strategies and Market Segmentation
5. Focus Session: The Economics of Platforms and Network Goods
6. Competition Policy: Regulation and Antitrust

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours interactif 14,00
Coaching 2,00
Autoformation
Recherche 6,00
Travail personnel
Group Project 28,00
Overall student workload 50,00
Evaluation
The assessment is based on participation in class and the oral presentation and written report (both group work) of the competition policy case.
Control type Duration Amount Weighting
Contrôle continu
Participation 15,00 1 15,00
Présentation orale 1,00 1 35,00
Autres
Projet Collectif 0,00 1 50,00
TOTAL 100,00

Ressources

Bibliography
Belleflamme/Peitz (2016,2nd edition), Industrial Organization: Markets and Strategies. -
Links to the material for the different cases will be provided in class. -