À propos de ce cours
4.8
8 notes
3 avis
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 35 heures pour terminer

Recommandé : 10 weeks of study, 4 hours per week...
Langues disponibles

Anglais

Sous-titres : Anglais
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 35 heures pour terminer

Recommandé : 10 weeks of study, 4 hours per week...
Langues disponibles

Anglais

Sous-titres : Anglais

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
Heures pour terminer
2 heures pour terminer

The firm

Our first lecture is devoted to building a microeconomic foundation, which is necessary for understanding the lectures to come. In the beginning segment we will say a few words about the course and, then, we will focus on the concept of the firm. We will try to define what a firm actually is and why business is organized based on the notion of the firm. We will talk about technology, economies of scale, concentration, informational asymmetries, hold-up and we will present our first case study: GM vs. Fisher Body. It may seem to you that you have heard some of this lecture’s terms before, or you already know them, but reviewing them and deeply understanding them will be essential for the continuation of the course....
Reading
10 vidéos (Total 83 min), 2 lectures, 1 quiz
Video10 vidéos
1. Tour of the course4 min
2. What is a firm?7 min
3. The technological view12 min
4. Economies and concentration6 min
5. Incomplete contract9 min
6. Informational asymmetries10 min
7. Long-run relationship8 min
8. Vertical relationship model11 min
9. Case: GM vs. Fisher Body9 min
Reading2 lectures
Welcome note2 min
Readings & Links2 min
Quiz1 exercices pour s'entraîner
The firms
Semaine
2
Heures pour terminer
3 heures pour terminer

Game theory foundations

In this lecture we will focus on the principles of strategic interaction. The most important tool to understand strategy is game theory. We will define and explain different categories of games. The ultimate goal of this lecture is to enable you to use game theory so that you can model interaction and negotiations. We will talk about equilibrium in dominant strategies, which is a non-strategic equilibrium, the Nash equilibrium and the prisoner’s dilemma. We will get acquainted with static, repeated and dynamic games. I will tell you a real story of prisoner’s dilemma and we will have an extended example on firm interaction with “Energon vs. Orange”....
Reading
10 vidéos (Total 98 min), 1 lecture, 1 quiz
Video10 vidéos
2. The bi-matrix and strict dominance10 min
3. Dominant Equilibrium6 min
4. Nash Equilibrium13 min
5. Interesting cases of NE8 min
6. The prisoner’s dilemma5 min
7. Case: The cheater’s dilemma10 min
8. Repeated games10 min
9. Dynamic games8 min
10. Example: Energon vs. Orange13 min
Reading1 lectures
Readings & Links2 min
Quiz1 exercices pour s'entraîner
Game theory foundationss
Semaine
3
Heures pour terminer
3 heures pour terminer

Static competition

The topic of this lecture is short-run competition. That is, interaction that lasts only for one period. Static competition is not the most usual form of competition but it is not rare, either. Most of the principles that we will present in this lecture will carry over to the dynamic competition analysis later. There are two different kinds of static competition. The first is when strategic variables have a positive causative relationship, as in competition with prices. The second is when the strategic variables are negatively related, as in competition with quantities. We will cover interesting notions such as first-mover advantage, the Bertrand Paradox, capacity constraints, differentiated products, and will introduce the notion of collusion that will be of major importance for our future lectures....
Reading
10 vidéos (Total 95 min), 1 lecture, 1 quiz
Video10 vidéos
2. Competition in quantities12 min
3. Application: Linear demand – constant cost11 min
4. First mover advantage12 min
5. Competition in prices9 min
6. The Bertrand Paradox5 min
7. Capacity constraints8 min
8. Differentiated products9 min
9. Application: Differentiated products6 min
10. The prospect of collusion10 min
Reading1 lectures
Readings & Links2 min
Quiz1 exercices pour s'entraîner
Static competitions
Semaine
4
Heures pour terminer
3 heures pour terminer

Dynamic competition

We extend the analysis of competition introducing interactions with time depth. We will use several concepts from the previous lectures but here we have two important qualitative differences. When competition lasts for more than one period, players develop reputations and are given the opportunity to retaliate in case they are cheated upon. Reputation and retaliation may alter the outcome of interaction in comparison to interactions that last only for one period. We will talk about repetitive and dynamic interactions, collusion, renegotiation, price wars, antitrust and detection mechanisms....
Reading
10 vidéos (Total 100 min), 1 lecture, 1 quiz
Video10 vidéos
2. Infinite horizon12 min
3. Renegotiation9 min
4. Price wars14 min
5. Establishing collusion14 min
6. Complications: asymmetries and heterogeneity7 min
7. Complications: volatility and structure8 min
8. Antitrust9 min
9. Prosecution is not straightforward8 min
10. Detection6 min
Reading1 lectures
Readings & Links2 min
Quiz1 exercices pour s'entraîner
Dynamic competitions

Enseignants

Avatar

Kosmas Marinakis

Assistant Professor
ICEF and Faculty of Economics Sciences, HSE

À propos de National Research University Higher School of Economics

National Research University - Higher School of Economics (HSE) is one of the top research universities in Russia. Established in 1992 to promote new research and teaching in economics and related disciplines, it now offers programs at all levels of university education across an extraordinary range of fields of study including business, sociology, cultural studies, philosophy, political science, international relations, law, Asian studies, media and communications, IT, mathematics, engineering, and more. Learn more on www.hse.ru...

Foire Aux Questions

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