Coursebooks 2017-2018

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Information : strategy & economics

MGT-431

Lecturer(s) :

Weber Thomas Alois

Language:

English

Withdrawal

It is not allowed to withdraw from this subject after the registration deadline.

Summary

The course is an introduction to information economics and its strategic ramifications. The main objectives are to use economic theory to understand strategic interactions in the presence of uncertainty, estimate the value of information, and analyze competitive strategy in an information economy.

Content

Readings and cases are used to discuss the following topics:

 

1. Competition and Market Power
2. Product Differentiation
3. Pricing Methods
4. Externalities and System Effects
5. Moral Hazard and Incentives
6. Markets and Intermediaries
7. Imperfect Competition: Search Markets
8. Auctions and Bargaining
9. Prediction Markets
10. Special Topics

Keywords

Asymmetric information, market imperfections, mechanism design

Learning Prerequisites

Recommended courses

Principles of Microeconomics (MGT-454) or equivalent course

Learning Outcomes

By the end of the course, the student must be able to:

Transversal skills

Assessment methods

Continuous assessment combining:

20% Homework (problem sets)
40% Team project
30% Written exam (midterm)
10% Class participation

Resources

Bibliography

Reading bulkpack

 

McAfee, R.P. (2005) Competitive Solutions : The Strategist's Toolkit, Princeton University Press: Princeton, NJ.

 

Shapiro, C., Varian, H. (1999) Information Rules : A Strategic Guide to the Network Economy, Harvard Business School Press: Boston, MA.

Ressources en bibliothèque
Websites

In the programs

Reference week

 MoTuWeThFr
8-9     
9-10     
10-11     
11-12     
12-13     
13-14     
14-15     
15-16     
16-17     
17-18     
18-19     
19-20     
20-21     
21-22     
Under construction
 
      Lecture
      Exercise, TP
      Project, other

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  • Autumn semester
  • Winter sessions
  • Spring semester
  • Summer sessions
  • Lecture in French
  • Lecture in English
  • Lecture in German