Seminar: Empirical Industrial Organization

Course content

This seminar course aims at offering an advanced coverage of several topics in empirical Industrial Organization emphasized in structural estimation. The course is offered to students who are considering empirical IO as their potential thesis topic, or have serious research interest in empirical IO. The topics covered in this seminar course will be similar to Advanced Industrial Organization (AØKA08082U), but focusing on recent applications and methodologies. Thus, ideally, students taking this course are expected to have completed the previous course.

Education

MSc programme of Economics
The seminar is primarily for students at the MSc of Economics

Learning outcome

Students are expected to understand the empirical frameworks and estimation strategies of the following topics:

  • Demand Estimation
  • Single-agent Dynamics
  • Industrial Dynamics
  • Moment Inequalities
  • Networks and Two-sided Markets

Planning/start-up meeting, research and writing process of the seminar paper, sessions with presentation of own paper and critical evaluation/feedback to another student´s paper, actively participating in discussions at class.

Before the session a "so-finalized-as-possible"-draft of the paper must be uploaded in Absalon. After the presentations, the student submit an edited version of the paper in the Digital Exam portal as the final exam paper. The aim is that students use the presentation sessions as an opportunity to receive and use the constructive feedback to improve the paper.

Nevo, Aviv. "Measuring market power in the ready-to-eat cereal industry."Econometrica 69.2 (2001): 307-342.

Nevo, Aviv. "Mergers with differentiated products: The case of the ready-to-eat cereal industry." The RAND Journal of Economics (2000): 395-421.

*Nevo, Aviv. "A Practitioner's Guide to Estimation of Random-Coefficients Logit Models of Demand." Journal of Economics \& Management Strategy 9.4 (2000): 513-548.

Jia, Panle, Shubham Chaudhuri, and Pinelopi Goldberg. "Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India." American Economic Review (2006).

Berry, S., and P. Reiss. "Empirical Models of Entry and Market Structure, Handbook of Industrial Organization Vol III." (2006).

Ciliberto, Federico, and Elie Tamer. "Market structure and multiple equilibria in airline markets." Econometrica 77.6 (2009): 1791-1828.

Berry, Steven T., and Joel Waldfogel. "Free entry and social inefficiency in radio broadcasting." The RAND Journal of Economics 30.3 (1999): 397-420.

Mazzeo, M. (2002). Product choice and oligopoly market structure. RAND Journal of Economics 33 (2), 1-22.

Jia, Panle. "What happens when Wal-Mart comes to town: An empirical analysis of the discount retailing industry." Econometrica 76.6 (2008): 1263-1316.

Aguirregabiria, Victor, and Pedro Mira. "Sequential estimation of dynamic discrete games." Econometrica 75.1 (2007): 1-53.

Hendel, Igal, and Aviv Nevo. "Measuring the implications of sales and consumer inventory behavior." Econometrica 74.6 (2006): 1637-1673.

Gowrisankaran, Gautam, and Marc Rysman. "Dynamics of Consumer Demand for New Durable Goods." Journal of Political Economy 120.6 (2012): 1173-1219.

Hendel, Igal, and Aviv Nevo. "Intertemporal Price Discrimination in Storable Goods Markets." American Economic Review 103.7 (2013): 2722-51.

Nair, Harikesh. "Intertemporal price discrimination with forward-looking consumers: Application to the US market for console video-games."Quantitative Marketing and Economics 5.3 (2007): 239-292

Holmes, Thomas J. "The Diffusion of Wal-Mart and Economies of Density."Econometrica 79.1 (2011): 253-302.

Pakes, Ariel, et al. "Moment inequalities and their application." Econometrica 83.1 (2015): 315-334.

Ishii, Joy. "Compatibility, competition, and investment in network industries: ATM networks in the banking industry." Unpublished working paper (2005).

Ho, Katherine. "Insurer-Provider Networks in the Medical Care Market." The American Economic Review 99.1 (2009): 393-430.

Students must have completed Advanced Industrial Organization (AØKA08082U)

Schedule:
• Planning meeting: Monday February 13, 2017 10-12
• A pre-version of the seminar paper has to be uploaded to Absalon: Sunday May 7, 23.59
• Presentations/Workshops: May 18, 19, 2017

ECTS
7,5 ECTS
Type of assessment
Written examination
- seminar paper in English.
Aid
All aids allowed
Marking scale
7-point grading scale
Censorship form
External censorship
- up to 20 % censorship
Criteria for exam assessment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course and the objectives stated in the Curriculum.

  • Category
  • Hours
  • Seminar
  • 20
  • Project work
  • 186
  • English
  • 206