Master Quantitative Economics

Industrial Organization





Exam 2019/20 | Solution Exam 2019/20

Exam 2020/21 | Solution Exam 2020/21

Exam 2021/22 | Solution Exam 2021/22


*To be kept informed of any documents uploaded in the future, follow my professional Facebook page.

Bibliography (Scientific Articles) 

Abreu, D., P. Dutta and L. Smith (1994) "The Folk Theorem for Repeated Games: A NEU Condition," Econometrica, 62(4), 939-948.

D'Aspremont, C., Gabszewicz, J., & J.-F. Thisse. (1979). On Hotelling's "Stability in Competition". Econometrica, 47(5), 1145-1150.

Aghion, P., N. Bloom, R. Blundell, R. Griffith, and P. Howitt. (2005). "Competition and Innovation: An Inverted-U Relationship," Quarterly Journal of Economics, 120, 701-728.

Alesina, A., Ardagna, S., Nicoletti, G., & Schiantarelli, F. (2005). Regulation and investment. Journal of the European Economic Association, 3(4), 791--825.
Berry, S., & Waldfogel, J. (1999). Free Entry and Social Inefficiency in Radio Broadcasting. The RAND Journal of Economics, 30(3), 397-420. 

Bertrand, J. (1883) Review of “Theorie mathematique de la richesse sociale” and “Recherche sur les principes mathématiques de la théorie des richesses”. Journal des Savants, 499-508. 

Cournot, A. A. (1839): “Principes Mathématiques de la Théorie des Richesses,” Paris.

Blackwell, D. (1965), "Discounted Dynamic Programming," Annals of Mathematical Statistics 36, 226--235. 

Davidson, C., & Deneckere, R. (1986). Long-Run Competition in Capacity, Short-Run Competition in Price, and the Cournot Model. The RAND Journal of Economics, 17(3), 404-415. 

Flath, D. (2012). Are there any cournot industries in Japan? The Japanese Economy, 39, 3-36.  

Friedman, J. (1971), "A non-cooperative equilibrium for supergames", Review of Economic Studies 38 (1): 1—12 

Fudenberg, Drew; Maskin, Eric (1986). "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information". Econometrica 54 (3): 533. 

Gabszewicz, J. & Thisse, J. -F. (1979): "Price competition, quality and income disparities," Journal of Economic Theory, vol. 20, issue 3, pages 340-359 

Gabszewicz, J. & Thisse, J. -F. (1980): "Entry (and exit) in a differentiated industry," Journal of Economic Theory, vol. 22(2), pages 327-338.  
Gilbert, R. and Newbery, D. (1982). "Preemptive Patenting and the Persistence of Monopoly," American Economic Review, 72: 514-526 
Green, E. and R. Porter (1984), "Non-Cooperative Collusion under Imperfect Price Information," Econometrica, 52:87-100.  

Haltiwanger, J. and J. Harrington (1991), "The impact of cyclical demand movements on collusive behavior," Rand Journal of Economics, 22:89-106. 

Hahn, F. (1962). The Stability of the Cournot Oligopoly Solution. The Review of Economic Studies, 29(4), 329-331.  

Hotelling, H. (1929). Stability in Competition. The Economic Journal, 39(153), 41-57. 

Kreps, David M., and Jose A. Scheinkman. 1983. "Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes." Bell Journal of Economics 14, no. 2 (Autumn): 326--37.  

Madden, P. (1998). Elastic demand, sunk costs and the Kreps--Scheinkman extension of the Cournot model. Economic Theory 12, 199--212 

Porter, R. (1983), "A Study of Cartel Stability: The Joint executive Committee, 1880-1886," Bell Journal of Economics, 14: 301-314.  

Rotemberg, J., and G. Saloner (1986), "A Supergame-Theoretic Model of Business Cycles and Price Wars during Booms," American Economic Review, 76:390-407.  

Salop, S. (1979). Monopolistic Competition with Outside Goods. The Bell Journal of Economics, 10(1), 141-156. 

Shaked, A. and J. Sutton (1982): "Relaxing Price Competition through Product Differentiation," Review of Economic Studies, 49, pp.3-13. 

Shaked, A. and J. Sutton (1983): "Natural Oligopolies," Econometrica, 51, pp.1469-83. 

Schultz, C. (2004): "Market transparency and product differentiation," Economics Letters, 83(2), 173-178.

Bibliography (Books)

Cournot, A. (1838) : « Principes Mathématiques de la Théorie des Richesses, » Paris: 1838 English translation: (N. Bacon, trans.), Researches into the Mathematical Principles of the Theory of Wealth, New York: Macmillan & Company, 1897.

Fudenberg, D. and J. Tirole (1998): “Game Theory”, The MIT Press

Mailath, George J. and Larry Samuelson (2006): "Repeated Games and Reputations", Oxford University Press.

Myerson, Roger B. (1991): “Game Theory: Analysis of Conflict,” Harvard University Press

Osborne, Martin J. (1994): “A Course in Game Theory”, The MIT Press

Stackelberg, Heinrich Freiherr von (1934): Marktform und Gleichgewicht (Market Structure and Equilibrium), 2011, Translated by Bazin, Damien, Hill, Rowland, Urch, Lynn Vienna, 1934

Tirole, Jean. (1988): “ The Theory of Industrial Organization”. Cambridge: MIT Press.