Economics of Communication

This course is a survey of economic issues in communication and cultural industries.
It examines some of the special aspects of these businesses that complicate the market processes, such as the particular nature of demand for experience goods, pricing strategy, scale economies and obstacles to market equilibrium that motivate public policy
The goal is to give economic instruments for the analysis of the areas of communication and their specific problems with regard to competition, business strategies and public policies.
The course will analyze several industries to provide an overview of the markets for different kinds of information goods.
We will use the tools of microeconomics and of industrial economics to provide insights about features and processes that explain the specific outcomes observed in the markets for experience goods, cultural goods and information goods.

Undefined