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Empirical Industrial Organization

Latest News: March 22 2013, 4:00 pm

  • Notice that we had to rearrange the schedule. The block on Productivity, which will be taught by Daniel Coublucq will be moved to May.
  • The course Advanced Econometrics II: Empirical Industrial Organization will be organized in four blocks of lectures and classes. The first block will start at the beginning of Mai
  • For the Master Students: this course is part of the module Advanced Econometrics (MW23). The first part of the module is the course Advanced Econometrics I: Micro-econometricswhich is held during the winter term

General Information


Course Description

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.

Instructor

Prof. Dr. Tomaso Duso and Dr. Daniel Coublucq 

Office Hours

After the Lecture, or by appointment (E-mail: duso@dice.hhu.de, Tel: +49 211- 81 10235) Room 24.31.01.17

Registration

Students will have to register providing their email address during the first lecture.

Time and Place

According to the course plan

Students:

Advanced Master and Ph. D. Students

Literature:

Several journal articles. See the reading list!

Evaluation:

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


Course Plan


Block 1: Early Studies, NEIO & Conjectural Variations
Time  Room  Date  Topic  Material
2:00pm
4:00pm
 G2 Mo May 6

Introduction:

Measuring Market Power, the Structure-Conduct-Performance Paradigm

EIO_1.pdf
4:00pm
6:00pm
 G2 Mo May 6

NEIO & Structural econometrics

EIO_2.pdf
10:00am
12:00pm
G2  Tue May 7 Estimating market power without cost information – homogenous goodsEIO_2.pdf
12:00pm
2:00pm
G2 Tue May 7

Assignment 1
Conduct parameter estimation - discussion

EIO_A1.zip

Block 2: Production Function Estimation
This block will be taught by Daniel Coublucq
Time Room Date Topic Material
9:00am
11
:00am
G2Wed May 22

Production Function Estimation I

EIO_p1.pdf 
12:00pm
 2:00pm
G2 Wed May 22

Production Function Estimation II

EIO_p2.pdf 
 2:00pm
 4:00pm
G2  Wed May 22Productivity and Mark up estimationEIO_p3.pdf  
4:00pm
6:00pm
G2Wed May 22

Assignment 2

Production Function Estimation - discussion

EIO_A2.zip

9:00am
11:00am
??Thu June 6

Assignment 2

Production Function Estimation - Students' presentation





Block 3: Differentiated Goods - Demand Estimation & Equilibrium Analysis
Time Room Date Topic Material
2:00pm
4:00pm
G2Mo June 17

Demand System Estimation: 
Multi-budgeting / AIDS

EIO_3.pdf
4:00pm
6:00pm
G2Mo June 17

Demand System Estimation: 
Logit & Nested Logit

EIO_4.pdf 
10:00am
12:00pm
G2 Tue June 18

Estimating market power without cost information: Differentiated goods

BLP

EIO_5.pdf 
12:00pm 2:00pm

2:00pm
4:00pm
G2Tue June 18

Assignment 1
Conduct parameter estimation - 
Students' presentation


Assignment 2
Nested Logit Demand Estimation - 
discussion




EIO_A2.zip


Block 4: Applications - Market Definition, Merger Simualations & Collusion 
Time Room Date Topic Material
2:00pm
4:00pm 
??Mo Juli 8 Market DefinitionEIO_6.pdf
4:00pm
6:00pm
G2Mo Juli 8

Merger Control: 

Merger simulations – the Volvo-Scania case

EIO_7.pdf
10:00am
12:00pm
G2 Tue Juli 9

Collusion:
Homogenous vs. Differentiated goods

EIO_8.pdf
12:00pm 2:00pm

2:00pm
4:00pm
G2Tue Juli 9

Assignment 3
Nested Logit demand estimation - Students' presentation


Assignment 4
Merger Simulations - 
discussion




EIO_A4.zip


9:30am
11:00am

12:00pm
 4:00pm
??Wed Juli 10

Programming in Stata
BLP


Programming in Stata
Simulations






Block 5: Finals
4:00pm
6:00pm
G2Mo Juli 22

Assignment 4
Merger Simulations - Students' presentation






10:00am
12:00pm
G2Wed Juli 24

Final Exam






Ċ
Tomaso Duso,
Mar 22, 2013, 9:23 AM
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