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Regular version of the site

Empirical Industrial Organisations

2019/2020
Academic Year
ENG
Instruction in English
3
ECTS credits
Course type:
Elective course
When:
2 year, 3 module

Instructor

Программа дисциплины

Аннотация

This course is designed to introduce the students to the tools for the empirical analysis of industries and markets. In particular, we will cover traditional topics in empirical industrial organization (demand estimation, productivity estimation, and static entry/exit models). The course is associated to exercise sessions devoted to practical applications. We will replicate some of the empirical workhorse models using software like Stata and MATLAB.
Цель освоения дисциплины

Цель освоения дисциплины

  • You are expected to acquire a broad knowledge of the key topics and techniques of empirical industrial organization.
  • You are expected to be able to conduct your own independent industrial analysis using real-life data.
Результаты освоения дисциплины

Результаты освоения дисциплины

  • Coming to the same level of knowledge of the needed econometric tools.
  • Learning methods to detect collusion on the data.
  • Ability to estimate demand.
  • Ability to estimate production function.
  • Ability to model market entry.
  • Deepen knowledge of the previously discussed topics.
Содержание учебной дисциплины

Содержание учебной дисциплины

  • Introduction to Empirical Industrial Organization
    Review of the basic econometrics tools, introduction to the topics and problems of EIO.
  • Competition, collusion and cartel
    Porter (1983, Bell); Bresnahan (1987, JIE); Genesove & Mullin (1998, RAND)
  • Estimation of demand for differentiated goods
    Berry (1994, RAND); Berry, Levinsohn, Pakes (1995, Econometrica); Train (2009, Cambridge University Press)
  • Estimation of production functions
    Olley &Pakes (1996, Econometrica); Levinsohn & Petrin (2003, ReStud); Ackerberg, Caves, Frazer (2015, Econometrica)
  • Estimation of static entry/exit games
    Bresnahan & Reiss (1991, JPE); Seim (2006, RAND)
  • Extensions and applications or additional selected topics in EIO
    This lecture includes topics based on students' interests. It can include merger analysis, auctions, basics of the dynamic EIO, or deepen the previously discussed topics.
Элементы контроля

Элементы контроля

  • Homeworks (блокирующий)
    The content of homework assignments will be the application of learned estimation techniques in practice and the replication of related papers.
  • Term project (неблокирующий)
    Term project evaluation consists of the short essay in a form of a research proposal.
  • Exam (неблокирующий)
    The final written exam will mainly consist of open questions related to the practical application of EIO for industry analysis.
Промежуточная аттестация

Промежуточная аттестация

  • Промежуточная аттестация (3 модуль)
    0.2 * Exam + 0.5 * Homeworks + 0.3 * Term project
Список литературы

Список литературы

Рекомендуемая основная литература

  • Belleflamme, P., & Peitz, M. (2010). Industrial Organization : Markets and Strategies. Cambridge, UK: Cambridge eText. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=324082
  • Bresnahan, T. F., & Reiss, P. C. (1991). Entry and competition in concentrated markets. Journal of Political Economy, 99(5), 977. https://doi.org/10.1086/261786
  • Olley, G. S., & Pakes, A. (1996). The Dynamics of Productivity in the Telecommunications Equipment Industry. Econometrica, (6), 1263. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ecm.emetrp.v64y1996i6p1263.97
  • Steven T. Berry. (1994). Estimating Discrete-Choice Models of Product Differentiation. RAND Journal of Economics, (2), 242. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.rje.randje.v25y1994isummerp242.262

Рекомендуемая дополнительная литература

  • Berry, S., Levinsohn, J., & Pakes, A. (1995). Automobile Prices in Market Equilibrium. Econometrica, (4), 841. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ecm.emetrp.v63y1995i4p841.90