Oligopoly Theory (1)
Introduction
Organization of Lecture (1)
(a) Course Description
(b) Relationship between this course and courses
provided in Graduate School of Public Policy,
such as Regulation Policy and Low and
Economics.
Oligopoly Theory
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Materials
Visit
http:// dbs.iss.u-tokyo.ac.jp/~matsumur/OT2016.html
You need not remember this address because you will
reach if you follow the links of my HP.
You can obtain the files of reading list, slides presented
in this class, and so on. I will upload files I will use in
the class by the end of previous week (Saturday
night) ~ so you can see the file before the class.
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Purposes of This Lecture
(a) To learn basic models (the models that will be
standard even in distant future) for analyzing
oligopoly markets such as Cournot, Bertrand,
Stackelberg, Hotelling, and so on.
~ Welcome the students who are interested in
theoretical (applied) microeconomics such as
Industrial Organization, Regional Science, Contract
Theory, Law and Economics, Labor Economics and
so on, especially who are Doctor course students or
Master course students who are planning to go to
Doctor course, but not limited to those students.
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Purposes of This Lecture
(b) To obtain some ideas for writing academic papers of
Industrial Organization, Regional Science, and so on.
Ikuo Ishibashi (Osaka University)
IJIO(2003, 2008), EER(2006)
Daisuke Shimizu (Gakushuin University)
EL(2002, 2005), EB(2003), SEJ(2005), RSUE(2005)
PiRS(2006), JER(2008),BER(2013)
Tomohiko Kawamori (Meijyo University) EL(2004),
ET(2009)
Daisuke Hirata (Hitotsubashi University)
BEJTE (2009), ORL (2010), JoE (2011)
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Purposes of This Lecture
Takeshi Murooka (University of Munich)
EL(2012), ORL(2011)
Minoru Kitahara (Osaka City University)
JER(2006), JoE(2006), AEP(2008), MS(2013)
Susumu Cato (The University of Tokyo)
EB(2008a,b,c), MS(2011), BER(2012), EM(2011,2013),
JoE (2012), JITE (2012), EL (2013), FA(2013),
ER(2015)
Takeaki Sunada (Penn U, Student) EL(2013)
Junichi Haraguchi (The University of Tokyo, Student)
RiE(2014), JoE (2016)
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Purposes of This Lecture
Kazuhiko Kato (Asia University)
EB(2006), JoE(2006, 2013), EL(2007)
Akira Ogawa (ICU)
EB(2006), JoE(2009), AEP(2010), ORL(2011),
EL(2012), SEJ(2014)
Hiroaki Ino (Kwansei Gakuin University) ET(2009),
JoE(2010), IER (2012), BE Journal of Theoretical
Economics)
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Purposes of This Lecture
(c) To obtain some examples which can be used for
writing more theoretical papers (such as pure game
theory or microeconomic theory), or empirical papers.
(d) To learn real world examples in Japanese
economies~ not suitable. Economics of Regulation
and Law and Economics presented at Graduate
School of Public Policy must be better (but these are
presented in Japanese).
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Requirement
(a) Basic knowledge of Microeconomic Theory is
indispensable. Basic knowledge of Game Theory is
also indispensable. ~ This course is for the
students who took or now take Core Course
Microeconomics at Graduate School of Economics.
(b) Preliminary technique of optimization is required. If
you do not know `first-order condition’ and `secondorder condition’, you should not take this lecture.
(c) Basic knowledge of Industrial Organization is not
required.
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Oligopoly Theory
Reading Assignment
No reading assignment. I do my best to present clear
descriptions of the standard models of oligopoly. I
think that all students who have sufficient knowledge
on graduate level of microeconomics and game
theory can understand the course without reading
any papers before the class.
Reading list exists
(1) for the convenience of the students who are
interested in some specific topics after the class, and
(2) to make sure that what paper I explain in the lecture
(in the slide, only the names of authors and the
publication year appear).
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Schedule(1)
1
2
3
4
5
6
7
Course Description
Quantity-Setting Competition
Price-Setting Competition and Contestable
Market Theory
Market Structure and Competitiveness of the
Market
First-Mover Advantage and Second- Mover
Advantage
Endogenous Timing in Oligopoly
Multi-Stage Strategic Commitment Games
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Schedule(２)
8. Product differentiation and spatial competition
9. Entry deterrence
10. Excess competition and excess entry
11. Collusion
12. Vertical control, vertical integration and foclosure
13. Competition in quality
14. Mixed oligopoly
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Grading
・No written examination. Grade is based on class
participation.
・I will never provide grade C. In this case, I will
provide D.
・Comments in the class are welcome. Students are
required to attend the class after agreeing that
they are expected to make contributions to the
class and I sometimes ask the participants to
express their own opinions.
・I prepare some quizzes in the class to make sure
that the students understand the lecture.
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