This unit of study examines the nature of inter-firm rivalry in industries with market power. It explores the various ways in which firms can increase their market power by: extracting more surplus from consumers, by colluding with rivals or by excluding entrants. The unit also analyses the international competitiveness of industries in the context of industry assistance and the prevalence of foreign multinationals. Competition policy is also discussed.
1x2hr lecture/week, 1x1hr tutorial/week
Mid-semester test (35%), problem sets (5%) and 2hr Final exam (60%)
ECOS2001 or ECOS2901Prohibitions