Syllabus
21st Feb: I've added a few references to Cabral's IO book to the syllabus.
Week 1 Slides: Introduction and Industry Analysis.
Week 2 Slides:
Bargaining.
Correction: In the alternating offers solution the numerator is
wrong. Agent 1's share should be
&delta1(1-&delta2)/(1-&delta1&delta2).
Comparing this to McAfee, let &delta1=1-a and
&delta2=1-b.
Week 3 Slides:
Sources of Competitive Advantage.
Clarification: In the slide where the monopolist chooses quality, I fix
t* and just differentiate with repect to quality.
The reason I do this is because the firm can choose price so as to keep
t* fixed. One can then view the firm's problem as choosing
(t* ,q) to maximise their profit and take the FOCs with
respect to both.
Week 4 Slides: The Product Life Cycle.
Week 5 Slides: Static Pricing.
Week 6 Slides: Dynamic Pricing.
Week 7 Slides: Entry.
Week 8 Slides: Bidding for Contracts.
Week 9 Slides: Vertical Relations.
Week 10 Slides: Cooperation.
Week 11 Slides: Signalling.
Week 12 Slides: Organisational Scope.
Week 13 Slides: Incentives.
Homework 1 and
Solutions.
Correction: In the solution to question 3 the probability the
offer is accepted is (p-10,000)/5,000).
Midterm 1 and
Solutions.
(Mean 75, Max 100).
Homework 2 and
Solutions.
These questions are all about the level of those on the tests.
Midterm 2 and
Solutions.
(Mean 30, Max 58). Percentage grade approximately equals
1.5×(grade+15).
Homework 3 and
Solutions.
Final office hours: Tuesday 19th April 12-2pm. If you have problems making these hours let me know: I am happy to extend them. Warning: I will be away the week before the exam, so this will be the last date to ask questions.
Date: 3 April, 2005