Empirical Industrial Organization

Instructors

OHASHI Hiroshi / WAKAMORI Naoki

Term / Language / Credits

A1 / English / 2

Objectives

Empirical Industrial Organization 1 is the first sequence of the “Industrial Organization” (I.O.) field course. This field course introduces students to empirical methods in Industrial Organization. The main goal is to familiarize students with the important topics in the literature today, and put students in a position to do their own research in this area. Some applications to other fields are also discussed.

Industrial Organization 1 will cover the basic methodologies of structural estimation; in particular, of demand estimation and production-function estimation. These methods are frequently used in many I.O. applications and antitrust analyses, which will be covered in both the first and second sequences of the course. We will also help students do hands-on programming exercises at computer lab.

Keywords

Structural Estimation, Demand Estimation, Random Coefficient Discrete Choice, Market Power, Oligopoly, Production Function, Productivity, Innovation, Antitrust and Competition Policies

Schedule

The topics include:
1. Introduction to Industrial Organization
2. What is structural estimation?
3. Demand Estimation of Differentiated Product Market
4. Production Function Estimation

Teaching Methods

Lectures; Class Discussion; In-class Presentations

Grading

Based on homework; In-class presentations; and research reports

Required Textbook

None

Reference Books

Reading assignment is given when necessary

Notes on Taking the Course

Graduate Microeconomics and Econometrics are pre-requisite for the course.

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