- Business of Platforms and Networks for MBAs
This course analyzes the business of platforms and networks, such as Facebook, Twitter, Uber and Airbnb, as well as other networks, such as the Internet, the telecommunications network, cable TV networks, banking networks, and credit card networks. We develop a general theory of platform competition, where the platform may be an operating system such as the iOS, Android, or Windows or a network such as Facebook. We examine how networks are formed from the perspective/incentives of users, the network (platform) operator, and the applications providers that are complementary to the network. We identify key features of networks including: (i) higher value to users from networks of larger size; (ii) very significant inequalities in market share, profits, and (often) prices; (iii) the extent of incentives for interoperability and interconnection between networks; and (iv) importance of key network nodes that are “central” or “influential” in the creation and stability of networks. We apply to a number of network industries.
- Economics of Network Industries for PhD students
Discusses recent advances in the analysis of network industries and two-sided markets.
- Microeconomics for MBAs
This course teaches the fundamental ways that markets work, how prices are determined, and how producers interact with consumers through markets. Also discusses under what conditions markets lead to efficiency, and when they fail.
- Strategic Interactions in Markets and Public Policy for MBAs
This course discusses public policy and antitrust in the United States and the European Union.