Econ 8602-Industrial Organization
Dept. of Economics
University of Minnesota
Spring 2025
First 6
lectures:
·
Lecture 1:: Dynamic
Duopoly
·
Lecture 2:: Dynamic and Stochastic Models of
Industry
·
Lecture 3: Two Applications
o
(Finish multi-agent from previous lecture)
o
Nakaruma
and Zerom, Restud (2010) “Accounting for Incomplete Pass-Through” slides
(start)
o
Igami
and Uetake Restud (2020) slides1 slides2
·
Lecture 4: Two Applications
o
Finish Nakaruma and Zerom, Restud (2010)
“Accounting for Incomplete Pass-Through”
slides
o
Igami
and Uetake Restud (2020) slides1 slides2
·
Lecture 5: Single Agent Dynamics, led by Argyris and
Zimeng. As background read Chapter 2
of Matt Shum’s Econometric
Models for Industrial Organization.
The slides used in the lecture will be Chris Conlin’s notes which build
on Matt Shum’s notes. Plus Argyris and
Zimeng will add their own notes. (I love
the cumulative knowledge!)
·
Lecture 6: Multi-Agent Dynamics, led by Lucas and
Martin. They will present Chapter 5 from
Matt Shum’s notes, sections 5.1 to 5.4, skipping Ryan (2012).
·
Lecture 7: Gregory
S. Crawford, Robin S. Lee, Michael D. Whinston, Ali Yurukoglu, The Welfare Effects of
Vertical Integration in Multichannel Television Markets,”,ECONOMETRICA: MAY
2018, VOLUME 86, ISSUE 3 p. 891-954 slides1 slides2.
·
Lecture 8:
o
Grieco,
Murry, Yurukoglu,”The Evolution of Market Power in the
US Automobile Industry Quarterly
Journal of Economics, May 2024. slides
o
Will
reference but not go over: De Loecker Eeckhout and Unger (2020), The Rise of
Market Power and Macroeconomic Implications,” QJE
o
Will
chat about Alvarez-Blaser, Cavallo, MacKay and Mengano, “Markups and Cost
Pass-through Along the Supply Chain, Harvard Business School Working Paper,
No. 25-009, August 2024. (Revised January 2025.) slides
·
Lecture 9:
o
Asker,
John and Volker Nocke, “Collusion, Mergers, And Related
Antitrust Issues” Chapter 12,
Handbook of Industrial Organization Volume 5.
Slides
·
Lecture 10 and 11
o
Asker,
John, Allan Collard-Wexler, and Jan De Loecker. 2019. "(Mis)Allocation,
Market Power, and Global Oil Extraction." American Economic Review 109
(4): 1568–1615. Slides
o
Asker,
John, Allan Collard-Wexler, and Jan De Loecker “The
welfare impact of market power. The OPEC Cartel” J-J Laffont Keynote Lecture,
2023
o
Kellogg,
Ryan and Mar Reguant, “Chapter
17 - Energy and environmental markets, industrial organization, and regulation Handbook of Industrial Organization Volume 5,
Issue 1, 2021, Pages 615-742
o
Charles
Hodgson, “Information
Externalities, Free Riding, and Optimal Exploration in the UK Oil Industry,”
Oct 2024 Slides
·
Lecture 12
o
Butters,
Andrew, Jackson Dorsey, and Gautam
Gowrisankaran, “Soaking
Up the Sun: Battery Investment, Renewable Energy, and Market Equilibrium,”
forthcoming Econometrica. Author’s
slides
·
Lecture 13: IO and Transportation
o
(Ships) Panle Jia Barwick, Myrto
Kalouptsidi,Nahim Bin Zahur,”Industrial
Policy Implementation: Empirical Evidence from China's Shipbuilding Industry",Dec
2023 (forthcoming Review of Economic Studies), (cutouts from paper),
o
(Ports)
Giulia Brancaccio, Theodore Papageorgiou, Myrto
Kalouptsidi, “Investment
in Infrastructure and Trade: The Case of Ports", 2024, (cutouts from paper)
Possible
Lectures
·
Lecture
o
Kevin
A. Bryan and Heidi L. Williams, “Innovation: market failures
and public policies” Chapter
13, Handbook of Industrial Organization Volume 5.
·
Lecture
: Price Discrimination—The Case of
Airlines
o
Gaurab
Aryal, Charles Murry, Jonathan W Williams, Price Discrimination in
International Airline Markets, The Review of Economic Studies, 2023;, rdad037, https://doi.org/10.1093/restud/rdad037 slides
o
Jose
M. Betancourt, Ali Hortaçsu, Aniko Oery & Kevin R. Williams, “Dynamic Price Competition: Theory and
Evidence from Airline Markets,” NBER working paper 30347, April 2023,
slides
·
Lecture Labor Market Power
o
José Azar, Steven Berry and Ioanna
Marinescu (2022), "Estimating
Labor Market Power." slides
o
An aside Holmes and Stevens, “An
Alternative Theory of the Plant Size Distribution, with Geography and Intra-
and International Trade, Journal of Political Economy, April 2014 Slides
o
David Berger, Kyle Herkenhoff and
Simon Mongey "Labor
Market Power," American Economic Review, 2022 Vol. 112, No. 4, pp. 1147-93, slides
·
Lectures Market Power and Mergers
o
Berger, Hasenzagl, Herkenhoff,
Mongey, and Posner, “Merger
Guidelines for the Labor Market,”December 10, 2023 Slides
o
Nocke, Volker, and Michael D.
Whinston. 2022. "Concentration
Thresholds for Horizontal Mergers." American Economic Review, 112 (6):
1915-48. slides
o Nathan H. Miller, and Matthew C. Weinberg, “Understanding the Price
Effects of the MillerCoors Joint Venture,” Econometrica Dec 2017. slides
·
Lecture : IO Environmental Applications
o
Shapiro, Joseph S., and Reed Walker.
2018. "Why
Is Pollution from US Manufacturing Declining? The Roles of Environmental
Regulation, Productivity, and Trade." American Economic Review, 108
(12): 3814-54. (slides)
o
Gowrisankaran, Gautam, Ashley Langer
and Mar Reguant, “Energy
Transitions in Regulated Markets,” Jan 2024
(authors’
slides)
·
Lecture IO and Transportation
o
Panle Jia Barwick, Myrto
Kalouptsidi,Nahim Bin Zahur,”Industrial
Policy Implementation: Empirical Evidence from China's Shipbuilding Industry",Dec
2023 (forthcoming Review of Economic Studies), (cutouts from paper), additional_tables
·
Lecture more on IO and Transportation
o
Giulia Brancaccio, Myrto Kalouptsidi,
Theodore Papageorgiou, Nicola Rosaia, "Search
Frictions and Efficiency in Decentralized Transport Markets", 2023,
forthcoming Quarterly Journal of Economics (cutouts
from paper)
.