This course focuses on an applied analysis of competition. Important concepts from industrial organization, game theory, product life-cycle analysis, and industry evolution are discussed. Additionally, important characteristics of network industries such as network effects and standard setting are c…
Agenda: Chocolate Wars, Competitor Analysis and Game Theory, Nash Equilibirium, Prisoner's Dilemma, Corunot Game, Credible Threats
Agenda: Competition Policy Instruments, Ban on Cartels, Abuse Control, Merger Control, Competition Authorities
Agenda: Why Cooperation?, Complementarity, Repeated Games, Commitment
Agenda: Market Attractiveness, Entry Barriers, Entrant's Advantages, Entry Strategies, Incumbent Strategies
Agenda: The Story of AMD and Intel, What is Competition?, What is Strategy?
Agenda: Definition of Complements, Strategies for Complements, Types of Swichting Costs, Customer Value and Switching Costs, Effects of Switching Costs on Industry Equilibrium
Agenda: Bertrand Paradox, Consumer Preferences, Horizontal Differentiation, Vertical Differentiation, Porter's Generic Strategies, Ambidexterity
Agenda: Direct Network Effects, Indirect Network Effects, Utility Function, Critical Mass, Compatibility & Standards, Market Structure
Agenda: What are M&As?, Goals of M&As, M&A Process, Success of M&As, Alternatives to M&As
Agenda: Why Price Discrimination?, First Degree Price Discrimination, Second Degree Price Discrimination, Third Degree Price Discrimination, Intertemporal Pricing
Agenda: Economies of Scale, Economies of Scope, Diseconomies of Scale & Scope, Reasons to Buy or Make, Double Marginalization, Strategy and Governance Fit