Knowledge
Upon completion of the course, students will be able to:
- use game theory to analyse strategic interaction between firms
- identify the role of data driven advantages and network effects in some markets, in particular platform markets
- interpret the concept of market power, and how different forms of market power affect strategic choices
Skills
Upon completion of the course, students can:
- discuss strategic interactions between firms in a specific market
- analyse how data-driven advantages and network effects can lead to dominance by one or a few firms in a market
- use economic theory to understand how matchmakers in the digital economy should optimally price their services towards different user groups
- analyse how entrants into network industries can build competitive advantages through market segmentation and technological choices
- use real-life competition policy case studies to understand which limitations antitrust laws might put on firm behaviour.
General competence
Upon completion of the course, students can:
- distinguish between relevant theoretical models for firm behavior
- analyse markets by combining data and economic theory
- apply the theoretical concepts learned in the course to analyse real-life competition policy case studies