Vertical Integration, Collusion Downstream, and Partial Market纵向一体化下游勾结部分市场.pptVIP

School of Economics and Business Administration Universidad de Navarra Professor: Brice Corgnet. Email: bcorgnet@unav.es Office: 1841. Webpage: http://www.unav.es/ecoprof/bcorgnet Course webpage: http://www.unav.es/empresa/eorganization Grading policy: The final exam and the tests are mandatory, whereas the midterm is elective. In total there will be 2 tests, 1 midterm and the final exam.- If the student only takes the final and the tests, his/her grade will be a weighted average of: -Test 1: 10% of the final grade -Test 2: 10% of the final grade - Final exam, 80% of the final grade - In the case of taking as well the midterm exam, his/her grade will be a weighted average of: - Test 1: 10% of the final grade- Test 2: 10% of the final grade- Midterm exam: 20% of the grade Final exam: 60% of the final grade Grading policy (bonus): Experiments:  We will also have x experiments in the classroom, where x is in {1,2,…,5}. - For each experiment each participant will obtain an extra 0.25 point (this rewards attendance and participation).If you participate in the 4 experiments you get 1 extra point to your final grade.  Syllabus: 1. The nature of the firm 1.1. General knowledge of the firm 1.2. Theories of the firm2. Firms and Markets 2.1. Efficiency and limits of the market 2.2. Transaction costs 2.3. Behavioral approach to the hold-up problem 2.4. Vertical and horizontal boundaries of the firm Syllabus: 3. Managing the Firm 3.1. Selection of employees 3.2. Motivation of employees 3.3. The Behavioral approach of incentives 3.4. Teamwork and cooperation Syllabus: 1. The nature of the firm“A firm is a productive organization in which their members cooperate under some form of agreement.” Chandler (1992) 2. Firms and Markets“The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism.” Coase (1937) 3. Managing the Firm