This course aims to introduce the student to current methods in Empirical Industrial Organization (EIO). In the first part of the course we will deal with the structural approach developed in the so called “New Empirical Industrial Organization” (NEIO) framework. After a introductory overview of the historical developments in the field of EIO, we start by looking at techniques for demand estimation in homogeneous and differentiated products markets. We then will move to the simultaneous analysis of demand and supply relationships and compare various methods for estimating firms’ market power and strategic interactions based on game-theoretic models of oligopolistic competition. In the second part of the course we will look at applications of these techniques to evaluate public policies such as merger control. We will conclude with a discussion of empirical techniques to estimate production functions.
Prof. Dr. Tomaso Duso and Dr. Daniel Coublucq
After the Lecture, or by appointment (E-mail: firstname.lastname@example.org, Tel: +49 211- 81 10235) Room 24.31.01.17
Students will have to register providing their email address during the first lecture.Time and Place
According to the course planLevel:
Advanced Master and Ph. D. Students
Several journal articles. See the reading list!
Final Exam: oral examination or written exam (90 minutes) depending on the number of students
Homework assignments: Students will be divided into four groups. Each group has to complete each of the four assignments. Each group has to present one of the four assignment during the class. Each assignment will count 10% of the final grade. The presentation will also count an additional 10%. The final exam counts 50%.
Useful Web Pages:
EU DG competition: http://europa.eu.int/comm/competition/index_en.html
US Federal Trade Commission : http://www.ftc.gov/ftc/antitrust.htm
US Department of Justice (antitrust Division): http://www.usdoj.gov/atr
Block 1: Early Studies, NEIO & Conjectural Variations
Block 2: Production Function Estimation
This block will be taught by Daniel Coublucq
Block 3: Differentiated Goods - Demand Estimation & Equilibrium Analysis
Block 4: Applications - Market Definition, Merger Simualations & Collusion