Fiches de cours

Non-Market competition and risk governance

MGT-460

Enseignant(s) :

Oye Kenneth Akito

Langue:

English

Summary

This course treats the theory and practice of “non-market strategies.” Public policies on security, environment, health and safety affect the competitive position of private firms. Cases from pharma, IT, synbio, food and transportation sectors will be considered.

Content

Firms and nations may improve their competitive position through 'non-market strategies.' Technical standards and regulations designed to address security, safety, health and environmental risks may degrade or enhance the performance of firms relative to competitors within and across market segments. Nations may also design regulations to provide competitive advantages for their firms and/or to attract investment within their boundaries at the expense of other nations.

Week 1: To provide a framework for understanding non-market strategies of firms, the course will focus on the works of Baron and Stigler with secondary attention to Schmalensee, Ostrom, Milgrom and Roberts. To provide a framework for understanding regulatory competition among nations, the course will focus on the works of Tiebout and Murphy and the concept of asset specificity, with a critical appraisal of popular debates over the incidence and effects of competitions-in-laxity.

Week 2-6: The heart of the course will consider exemplary cases and cautionary tales from Europe, North America and Asia, beginning with retrospective cases and moving to evolving current cases.

Week 7: The course will conclude with comparative analysis of sectors and discussion of ethical issues associated with the use of non-market strategies and of how violation of ethical standards often rebounds to the detriment of firms and nations.

Keywords

Non-market competition, environmental, health and safety regulation, competition in laxity, asset specificity

Learning Prerequisites

Important concepts to start the course

Regulatory capture, collective action, competition in laxity, asset specificity.

Learning Outcomes

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

Teaching methods

Mixture of lecture and case based seminar discussion.

Expected student activities

Critical reading and active participation in case development.

Assessment methods

  1. Short oral presentations each week on specific questions or cases distributed in advance (50% of the grade)
  2. Final Exam: Short essay and long essay. Distribution of long essay questions in advance with open book collaborative preparation. Exam closed book with mixture of long essay questions selected from the pool and short essay questions not distributed in advance (50% of the grade)

Supervision

Assistants No

Dans les plans d'études

  • Management, technologie et entrepreneuriat, 2018-2019, Master semestre 2
    • Semestre
      Printemps
    • Forme de l'examen
      Pendant le semestre
    • Crédits
      2
    • Matière examinée
      Non-Market competition and risk governance
    • Cours
      2 Heure(s) hebdo x 14 semaines
  • Management, technologie et entrepreneuriat, 2018-2019, Master semestre 4
    • Semestre
      Printemps
    • Forme de l'examen
      Pendant le semestre
    • Crédits
      2
    • Matière examinée
      Non-Market competition and risk governance
    • Cours
      2 Heure(s) hebdo x 14 semaines

Semaine de référence

LuMaMeJeVe
8-9
9-10 ELA2
10-11
11-12
12-13
13-14
14-15
15-16
16-17
17-18
18-19
19-20
20-21
21-22
Cours
Exercice, TP
Projet, autre

légende

  • Semestre d'automne
  • Session d'hiver
  • Semestre de printemps
  • Session d'été
  • Cours en français
  • Cours en anglais
  • Cours en allemand