Empirical Industrial Organization
Faculty
Y.J. Choi
Description
The course covers developments in empirical methods of industrial organization. Students will be introduced to a set of empirical methods in analyzing individual and firm level data along with the t opics such as static competition, production differentiation, dynamic competition , collusion, strategic interaction, t echnological innovation and industry antitrust policy. Some topics depending on instructor and student interests may be added.
However, I should emphasize that this is not a method course. Econometric and other statistical tools will not be emphasized. Instead, the focus will be on empirical methodology. That is, we will focus on understanding how to approach the theory, how to derive testable hypotheses, where and how to obtain the necessary data, and how to generate and interpret their results. Through this learning process, students are expected to learn how to apply theory to real life examples and problems and obtain how to approach microeconomic policies. This course covers some important theoretical advances in each subject, but the emphasis will be on illustrating the variety of approaches and analyzing results in empirical research.