Llicenciatura en Economia (3322)
Llicenciatura en Administració i Direcció d'Empreses (3323)

Temes Actuals en Política d'Empresa(11882) 

The goals of this course are to give the students a view of some topics on the current economic theory of business policy. It provides a mix of theoretical economic modeling with applications and empirical evidence. The final objective for this course is to relate the current economic theory with real life business cases: to engage your curiosity about "What’s going on out there?".

The background for the course is business economics and industrial organization at the level of: ARRUÑADA, B. Teoría contractual de la empresa. Madrid: Marcial Pons, 1998; and CARLTON, D. W.; PERLOFF, J. M. Modern Industrial Organization. 2a. ed. Nova York: Harper Collins, 1994.

Tema 1

Introduction to Game Theory and Business Strategy. Nash equilibrium. Mixed and continuous strategies. Prisoner’s dilemma. Information. Sequential games and subgame perfection. Discounting. Repeated games. Folk Theorem. Reputation and commitment. Bargaining: the Nash Bargaining solution. Applications of Game Theory in Business Policy.

Tema 2

Established Theories of the Firm. Transaction Cost Theories. Economic Analysis of Property Rights. Conflicts over Property Rights. The Property Rights Approach to the Nature of the Firm.

Tema 3

Contractual problems. Economic Theory of Contracts. Breach of Contracts. The Incomplete Contracting Model. Renegotiation. Individuals, Teams and Hierarchies. Economic Theory of Hierarchies.

Tema 4

Disclosure of Information. Quality assurance.

Tema 5

Economic Theory of Regulation and Politics of Regulation. Monitoring and Collusion Effect. Regulatory Capture. Industrial Regulation and Industrial Policy.

Bibliografia

RASMUSEN, E. Games and Information: an Introduction to Game Theory. 2a. ed. Cambridge (Mass.): Blackwell, 1995. Capítols 1, 2, 3, 4, 5 i 11.2.