LMU Competition & Strategy (ISTO)

This course focuses on an applied analysis of competition. Important concepts from industrial organization, game theory, product life-cycle analysis, and industry evolution are discussed. Additionally, important characteristics of network industries such as network effects and standard setting are considered. The concept of competition used in this course is interpreted broadly and also encompasses the analysis of strategic cooperation between firms.

02. Competitors and Competition

Agenda: Chocolate Wars, Competitor Analysis and Game Theory, Nash Equilibirium, Prisoner's Dilemma, Corunot Game, Credible Threats

04-18
01:29:35

05. Competition Policy

Agenda: Competition Policy Instruments, Ban on Cartels, Abuse Control, Merger Control, Competition Authorities

04-18
01:26:26

03. Cooperation

Agenda: Why Cooperation?, Complementarity, Repeated Games, Commitment

04-18
01:21:14

04. Market Entry

Agenda: Market Attractiveness, Entry Barriers, Entrant's Advantages, Entry Strategies, Incumbent Strategies

04-18
01:24:02

01. Introduction

Agenda: The Story of AMD and Intel, What is Competition?, What is Strategy?

04-18
59:15

06. Complements / Switching Costs

Agenda: Definition of Complements, Strategies for Complements, Types of Swichting Costs, Customer Value and Switching Costs, Effects of Switching Costs on Industry Equilibrium

04-18
01:18:01

08. Product Differentiation

Agenda: Bertrand Paradox, Consumer Preferences, Horizontal Differentiation, Vertical Differentiation, Porter's Generic Strategies, Ambidexterity

04-18
01:18:32

07.a Network Effects and Standards

Agenda: Direct Network Effects, Indirect Network Effects, Utility Function, Critical Mass, Compatibility & Standards, Market Structure

04-18
39:42

11. Mergers and Acquisitions

Agenda: What are M&As?, Goals of M&As, M&A Process, Success of M&As, Alternatives to M&As

04-18
01:03:06

09. Price Discrimination

Agenda: Why Price Discrimination?, First Degree Price Discrimination, Second Degree Price Discrimination, Third Degree Price Discrimination, Intertemporal Pricing

04-18
01:21:52

10. Horizontal and Vertical Firm Boundaries

Agenda: Economies of Scale, Economies of Scope, Diseconomies of Scale & Scope, Reasons to Buy or Make, Double Marginalization, Strategy and Governance Fit

04-18
01:20:32

Recommend Channels