GRADUATE EMPIRICAL IO
(Fall 2016, Fall 2015, Fall 2014, Spring 2014, Fall 2015, Fall 2016, Fall 2017, Fall 2018, Fall 2019)
This course provides a graduate level introduction to empirical Industrial Organization. It is designed to provide a broad introduction to topics and industries that current researchers are studying as well as to expose students to a wide variety of techniques. It will start the process of preparing economics Ph.D. students to conduct thesis research in the area, and may also be of interest to doctoral students in other fields. In the first part of the class we will study Econometric Methods for Demand Estimation and for the Analysis of Auction Data.
COLLOQUIUM IN EMPIRICAL IO
(Spring 2013, Fall 2013, Fall 2018, Spring 2019, Fall 2019)
This course will review major contributions and recent developments in structural industrial organization. We will cover some classical papers, as well as more recent working papers. The meetings will be a mixture of lectures and discussions of pre-assigned papers. The discussion will be lead by a student, who will present the paper, with the expectation that everyone reads the paper in advance and participates. Students will also be strongly encouraged to present preliminary work of their own. The reading list below covers recent developments in the field including general methodological discussions, advances in demand estimation, dynamics and estimation using moment inequalities. They are meant mainly as a suggested base for discussion. Other topics will be introduced as needed.
(Fall 2016, Fall 2015, Fall 2014, Fall 2015, Fall 2016)
The course is an introduction to modern industrial organization (IO). IO is the field of economics that studies how firms behave, how markets are structured, and how they interact with each other. The course combines the latest theories with empirical evidence about the organization of firms and markets. I discuss issues that arise from the market structure (such as price discrimination and strategic behavior), the role of information and advertisement, and the government's role in regulation.
GOVERNMENT AND BUSINESS
(Fall 2012, Spring 2014, Fall 2015, Fall 2016, Fall 2017, Fall 2018, Spring 2019, Fall 2019, Fall 2020)
The course is an introduction to the role of government in different industries, business practices, and market failures. Some of the topics discussed include externalities, the value of life, environmental regulation, the regulation of workplace safety, pharmaceuticals and patents, and the regulation of the internet..
INTERMEDIATE MICROECONOMICS THEORY
(Fall 2012, Fall 2014, Spring 2014)
This course is an introductory class to modern microeconomics theory. The course is aimed at providing you with deeper knowledge of the various aspects of consumer and firm behavior, how markets are structured, and how they interact with each other. We will combine the latest theories with empirical evidence about consumption decisions of individuals, the organization of firms and markets. We will discuss issues that arise from the market structure and business practices—such as price discrimination and strategic behavior—, the role of information and advertisement, and the government's role when markets fail.
ECONOMICS OF REGULATION AND ANTITRUST
The objective of the course is to introduce you to the economic reasoning tools to analyze regulatory and antitrust issues. We will depart from the traditional emphasis on institutions to ask how economic theory and empirical analyses can illuminate the character of market operation and the role for government action. We will bring together new developments in theory and empirical methodology to bear on these questions. In the introduction we will focus on regulation and the role of government. Then, in Part I, we will study antitrust, focusing on the advances in economic theory and recent antitrust cases (e.g., the case against Microsoft and the Supreme Court's Kodak decision). On Part II, on economic regulation, we will study public enterprise, natural monopoly regulation (e.g., electric power) and its dynamic issues (e.g., telecommunications), regulation of transportation services (e.g., surface freight and airlines) and the problems of regulation (e.g., the U.K. railway privatization or California’s electricity crisis). Finally, in Part III, on social regulation, we will discuss externalities, the value of life, environmental regulation (e.g., clan air, global commons), the regulation of workplace safety, pharmaceuticals and patents, and the regulation of the internet (e.g., should the state have protected Napster?)