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Updated A.Y. 2019-2020

The module will explore the functioning of imperfectly competitive markets.

The course will cover the following topics:

  • Static and dynamic imperfect competition
  • Sources of market power: product differentiation, advertising, consumer inertia
  • Pricing and market segmentation
  • Theory of competition policy
  • R&D and intellectual property
  • Networks, standards and systems


  • Belleflamme, P. and M. Peitz, 2015. Industrial organization. Markets and strategies. CUP. Chaps: from 3 to 9 and from 14 to 21.