David Dranove is the Walter McNerney Distinguished Professor of Health Industry Management at Northwestern University's Kellogg School of Management, where he is also Professor of Strategy. He was previously Director of the Health Enterprise Management program. He has a PhD in Economics from Stanford University.
Professor Dranove's research focuses on problems in industrial organization and business strategy with an emphasis on the health care industry. He has published nearly 100 research articles and book chapters and written five books, including The Economic Evolution of American Healthcare and Code Red. His textbook, The Economics of Strategy, is used by leading business schools around the world. Professor Dranove regularly consults with leading healthcare organizations in the public and private sector and has served on the Executive Committee and Board of Directors of the Health Care Cost Institute. He has also served as an economics expert in several high profile healthcare antitrust cases.
Economics of Strategy, Binder Ready Version focuses on the key economic concepts students must master in order to develop a sound business strategy. Ideal for undergraduate managerial economics and business strategy courses, Economics of Strategy offers a careful yet accessible translation of advanced economic concepts to practical problems facing business managers. Armed with general principles, today's students--tomorrows future managers--will be prepared to adjust their firms business strategies to the demands of the ever-changing environment.
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Professor Besanko teaches courses in public economics and infrastructure strategy at the Kellogg School. In 2015, Besanko received the Aspen Institute's Faculty Pioneer Award, sometimes referred to as the Oscars for the business school world. In 2013 he was a finalist for this award. Besanko has received the two most prestigious teaching awards at the Kellogg School: the L.G. Lavengood Professor of the Year Award in 1995, 2010, and 2016 he is the only three-time winner of this award since its inception in 1975 and the Alumni Choice Teaching Award in 2006. At the Kellogg School, he has also received the Sidney J. Levy Teaching Award (1998, 2000, 2009, 2011, 2013, 2018, and 2020), the Chair's Core Teaching Award (1999, 2001, 2003, and 2005), and the Kellogg Impact Award (2009, 2010, 2011, 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, and 2021).
Professor Besanko's research covers topics relating to the intersection of competitive strategy and public policy, the economics of regulation, and the theory of the firm. He has published over 50 articles in leading professional journals in economics and business. Among other places, his work has appeared in the American Economic Review, Econometrica, the Quarterly Journal of Economics, the RAND Journal of Economics, the Review of Economic Studies, the Journal of Law and Economics, Journal of Economic Theory, and Management Science. Along with Daniel Diermeier and Jose-Miguel Abito, he is co-author of Corporate Reputation and Social Activism, published in 2019. He has co-authored the widely used textbook, Microeconomics, with Ronald Braeutigam, now in its sixth edition. And with David Dranove, Mark Shanley, and Scott Schaefer, Besanko is a co-author of Economics of Strategy.
The aim of this course is to build on and integrate industrial economics, game theory and management strategy to develop a framework for thinking about competition within markets and industries. Game theory provides the abstract theory of strategic interaction, and microeconomics (specifically industrial economics) provides the background on demand, production, and market structures. In this course we discuss the integration and application of these approaches in thinking about competitive strategy for firms in markets.
This course focuses on the strategic aspects of competing against other firms within the same industry
The course focuses on the strategic aspects of competing against other firms within the same industry. It starts with an introductory industry case study, and then investigates why a purely empirical approach to strategy cannot work. It then covers market definition, market structure and the estimation of demand. It then analyses price competition in its relationship with market structure, first from a static perspective, which is then extended to a two-stage and then a fully dynamic perspective, which allows analysing collusion and price wars. The course then focuses on the strategic dimension of innovation and competition in R&D, discusses market entry and exit, and brings the topics together in an example of an intra-industry study of strategic competition. In this way the course provides a theoretical framework and relates theory to examples and case studies.
This course is concerned with the analysis of markets and theassessment of competition in the market place. It is broadly acourse in competitive strategy that uses economics as a guidingframework for strategic decision-making. It shows how the methodsand results of microeconomics and, in particular, game theory canbe applied to business strategy and industry analysis. The insightsgained in this course will help you to forecast and understand theactions of your rivals, suppliers, and customers and to formulate agood strategic response.
This course is a natural continuation of previous courses inmicroeconomics. The methods developed in this course are useful toreach a deeper understanding of the forces that shape markets andare particularly useful for students who intend to specialise inmanagement, strategy, or finance. be457b7860
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