Market Power in the New Economy

Harvard FAS

This course studies firms, markets and competition, in the context of today's (globalized) world. Nowadays, in the majority of markets, a handful of firms interact strategically and compete in numerous dimensions, including prices, products offered, advertising and investment. We will use formal models in order to address questions like: Why are markets organized the way they are? How does market organization affect firm behavior, such as firm production or pricing? How does the behavior of…