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Empirical Industrial Organization

Course description:

The aim of the "Empirical Industrial Organization" course is to deepen students' knowledge on the analysis of industrial markets and conducting empirical analysis of applied economic issues; preparing students to use advanced econometric methods in the analysis of processes that affect the functioning and interaction of firms.

 

Instructor:  Leonova L.A.

Credit points: 4

Faculty: Faculty of Economics

Language: English

Level: Master

Academic hours: 48

Syllabus

  1. Empirical Studies of the Industrial Organization: Basic Concepts and Directions of Study
  2. Structural Models
  3. Modeling of Supply and Demand in Industrial Organization
  4. Dynamic models
  5. Cost Function Estimation

Readings

  1. Handbook of Econometrics, Volume 6, ed. by J.J.Heckman, E.E. Leamer. North Holland. Chapter 64 (C. Reiss, F. A. Wolak).
  2. Aguirregabiria V.  The Dynamics of Markups and Inventories in Retailing Firms // The Review of Economic Studies. 1999. Vol. 66, No. 2, pp. 275-308.
  3. Aguirregabiria V. Econometric Issues and Methods in the Estimation of Production Functions // Munich Personal RePEc Archive. 2009.
  4. Berry S.T. Estimation of a Model of Entry in the Airline Industry // Econometrica. 1992. Vol. 60, No. 4, pp. 889-917.
  5. Berry S. T. Estimating Discrete-Choice Models of Product Differentiation // The RAND Journal of Economics. 1994. Vol. 25, No. 2, pp. 242-262.
  6. Berry S., Levinsohn J., Pakes A. Automobile Prices in Market Equilibrium // Econometrica. 1995. Vol. 63, No. 4, pp. 841-890.
  7. Borenstein S., Shepard A. Dynamic Pricing in Retail Gasoline Markets // The RAND Journal of Economics. 1996. Vol. 27, No. 3, pp. 429-451.
  8. Bresnahan T. F., Reiss P. C. Entry in Monopoly Markets // The Review of Economic Studies.1990. Vol. 57, No. 4, pp. 531-553.
  9. Christensen L. R., Greene W. H. Economies of Scale in U.S. Electric Power Generation // The Journal of Political Economy. 1976. Vol. 84, No. 4, Part 1, pp. 655-676.
  10. Dunne T., Roberts M. J., Samuelson L. Patterns of Firm Entry and Exit in U.S. Manufacturing Industries // The RAND Journal of Economics. 1988. Vol. 19, No. 4, pp. 495-515.
  11. Ellison G. Theories of Cartel Stability and the Joint Executive Committee // The Journal of Economics. 1994. Vol. 25, No. 1, pp. 37-57.
  12. Evans D. S.,  Heckman J. J.  A Test for Subadditivity of the Cost Function with an Application to the Bell System // The American Economic Review. 1984. Vol. 74, No. 4, pp. 615-623.
  13. Pinelopi Koujianou Goldberg. Dealer Price Discrimination in New Car Purchases: Evidence from the Consumer Expenditure Survey // The Journal of Political Economy. 1996. Vol. 104, No. 3, pp. 622-654.
  14. Haile P. A., Tamer E. Inference with an Incomplete Model of English Auctions // The Journal of Political Economy. 2003. Vol. 111, No. 1, pp. 1-51.
  15. Nevo A. Measuring Market Power in the Ready-to-Eat Cereal Industry// Econometrica. 2001. Vol. 69, No. 2, pp. 307-342.
  16. Olley G. S., Pakes A. The Dynamics of Productivity in the Telecommunications Equipment Industry // Econometrica. 1996. Vol. 64, No. 6, pp. 1263-1297.
  17. Porter R. H. A Study of Cartel Stability: The Joint Executive Committee, 1880-1886 // The Bell Journal of Economics. 1983. Vol. 14, No. 2, pp. 301-314.
  18. Porter R. H.,  Zona J. D. Detection of Bid Rigging in Procurement Auctions // The Journal of Political Economy. 1993. Vol. 101, No. 3, pp. 518-538.
  19. Shepard A.. Price Discrimination and Retail Configuration // The Journal of Political Economy. 1991. Vol. 99, No. 1, pp. 30-53.
  20. Slade M. E.  Interfirm Rivalry in a Repeated Game: An Empirical Test of Tacit Collusion //The Journal of Industrial Economics. 1987.Vol. 35, No. 4, The Empirical Renaissance in Industrial Economics, pp. 499-516.
  21. Verbeek, Marno (2012). A Gide to Modern Econometrics.Chichester-New York-Weinheirn- Brisbane-Toronto-Singapore: John Wiley & Sons, Ltd, 4ер edition.
  22. Green, William H. (2011) Econometric Analysis. New York: Pearson Education International, 7th ed.
2015/2016
Academic Year
ENG
Instruction in English
4
ECTS credits
Delivered at:
Department of Economic Theory and Econometrics (Faculty of Economics)
Course type:
Elective course
When:
2 year, 1, 2 module