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> Studies > Engineering degree

Organization and Market Design - 4GML0325

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  • Number of hours

    • Lectures : 9.0
    • Tutorials : 9.0
    • Laboratory works : -
    • Projects : -
    • Internship : -
    • Written tests : 1.5
    ECTS : 1.5
  • Officials : Bernard RUFFIEUX

Goals


This course allows students to deal with the issue of organisational design in industrial engineering, using the most recent economic analysis tools. The aim is first to identify and understand the rules of exchange (markets and contracts), secondly to evaluate their efficiency and performance and thirdly to devise more efficient alternative or new rules.

This course aims at giving students the knowledge and skills to be able to respond to the following two main design issues:

• How to improve the performance of an intermediary market by changing:
-the actors involved in these markets (intermediaries, central purchasing)
-the nature of the products sold (standardisation, supply contracts)
-the methods of sale (OTC competitive bidding, continuous Internet markets)

Examples are taken from various sectors posing specific problems of coordination and competition: wholesale electric power markets (network industry and non-shelf product), timber markets, raw beef markets (industry dismantling), dairy product markets (ultra-fresh), internationalised commodity markets (copper, sugar), machine-tools markets or aerospace markets (markets for specific products and rarely renewed).

• How to improve the performance of a business delegation contract.

Again the course combines both research on design principles and contract formalisation. Students will explore in depth cases in areas of supply contracts throughout the supply chain, human resource management and corporate governance.

Content


Course Plan

Part 1. Contractual relations between firms
1.1. Horizontal and vertical mergers
1.2. Price and non-price vertical restraints

Part 2. Market solutions: network issues and auctions
2.1. Network issues
2.2. Auctions and auction markets
2.3. Information and markets

Timetable
Session 1. Introduction and horizontal mergers
Session 2. Vertical mergers
Session 3. Vertical restraints
Session 4. Network issues
Session 5. Auction and auction markets
Session 6. Information and markets

Prerequisites

Basics in microeconomics

Tests

  • Final written exam.
  • Questions will be asked relating to a particular case of BtoB relationships.

Examen terminal 60% TD 20% TP 20%

Session 2 écrit ou oral

Calendar

The course exists in the following branches:

  • Curriculum - Engineer student Master SCM - Semester 7
  • Curriculum - M1 Industrial Engineering - Semester 7
see the course schedule for 2019-2020

Additional Information

Course ID : 4GML0325
Course language(s): FR

You can find this course among all other courses.

Bibliography

Robert Gibbons & John Roberts, The Handbook of Organizational Economics, Princeton University Press, 2013.

Roberts John, The Modern Firm, Oxford UP, 2004.

Milgrom P., Roberts J., Economics, Organization, and Management, Prentice Hall, 1992. Traduction, Economie, Organisation et Management, PUG-De Boeck, 1997.

Prendergast C. ‘The Provision of Incentives in Firms’, Journal of Economic Literature, 1999.

Gibbons R., ‘Four Formal(izable) Theories of the Firm?’, Journal of Economic Behavior and Organization, 2005

Gibbons R., ‘Incentives Between Firms (and Within) Management Science, 2005

Gibbons R., ‘Transaction Costs Economics: Past, Present, and Future’, Scandinavian Journal of Economics, 2010

Arrow, Kenneth. 1974. The Limits of Organization.New York: W. W. Norton.

Chandler, Alfred. 1962. Strategy and Structure.Cambridge,MA:MIT Press.

Chandler, Alfred. 1977. The Visible Hand.Cambridge,MA:Harvard University Press.

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Date of update June 5, 2015

Grenoble INP Institut d'ingénierie Univ. Grenoble Alpes