Toshihiro Matsumura, Professor, Institute of Social Science, The University of Tokyo
The course begins with an extensive discussion of standard and traditional models of oligopolies.
The rest of the course addresses a variety of related topics.
The topics include price and quantity competition, sequential-move games, endogenous timing games, spatial competition,
anti-monopoly legislation, vertical relationship, free-entry markets, environmental policies and mixed oligopolies.
Choose one specific theme for each class and give an explanation so that students can intuitively understand representative papers, models and fundamental mechanisms behind them. After confirming the past research results, let the students discuss the matters that have room for further researches. Students are required to attend the class after agreeing to that they expected to make contributions to the class and sometimes are asked to express their own opinions by the instructor.
1. Introduction: Course Description
2. Quantity Competition
3. Price Competition and Endogenous Competition Structure
4. Market Structure and Competitiveness of the Markets
5. First-Mover Advantage and Second-Mover Advantage
6. Endogenous Timing in Mixed Oligopolies
7. Product Differentiation and Spatial Competition
8. Entry Deterrence
9. Free Entry in Oligopolies
10. Vertical Control, Vertical Integration and Foclosure
11. Environmental Policies in Oligopolies
12. Mixed Oligopolies
13. Papar Presentation