Cost concepts in single and multi-product firms, economies of scale and scope; Perfect competition; Monopoly, monopsony, and bilateral monopoly: price discrimination and two part tariff; Product differentiation and monopolistic competition; Oligopoly models: Cournot, Bertrand and Stackelberg, formation and stability of cartels; Role of imperfect information; Antitrust laws; Regulation: peak-load pricing, Ramsey pricing, average cost pricing.
Text:
1. D W Carlton and J M Perloff, Modern Industrial Organization, Pearson, 4th Ed, 2004.2. J Church and R Ware, Industrial Organization: A Strategic Approach, McGraw Hill, 2000.
Course References:
J Tirole, The Theory of Industrial Organization, MIT Press, 1988
