Instructor: Robin D. Hanson, Asst. Professor, Economics
Office Hours: Officially, Mon, Wed 4-5:30pm. But I'm usually in at 10b Carow Hall. Call ahead (703-993-2326) if you want to be sure.
Econ 844 Industrial Organization and Public Policy I (3:3:0). Prerequisite: ECON 611 or permission of instructor. Structure of American industry and underlying determinants. Analysis of structure and conduct on industrial performance in light of theory and empirical evidence. Rational antitrust policy and analysis of impact on structure and performance.Required Texts:
Oz Shy, Industrial Organization, Theory and Applications, MIT Press, ISBN 0-262-69179-5, 1996. (errata)
Carl Shapiro, Hal R. Varian, Information Rules: A Strategic Guide to the Network Economy, Harvard Business School Press, ISBN: 087584863X, 1998.
F.M. Scherer, Industry, Structure, Strategy, and Public Policy, Harper Collins, ISBN 0-673-99289-6, 1996.Optional Texts:
Jean Tirole, The Theory of Industrial Organization, MIT Press, ISBN 0-262-20071-6, 1994.
Dennis Carlton and Jeffrey Perloff, Modern Industrial Organization, Second Edition, Addison-Wesley, ISBN 0-673-46902-6, 1994.Assignments:
|Week||Shy Ch.||I.R. Ch.||Topics|
|30 Aug||2,3||1||Game Theory, Micro Review, Info Economy|
|6 Sep||4,5||Perfect Competition, Monopoly, Private Law|
|13 Sep||6||Markets for Homogeneous Products, Open Source|
|20 Sep||7||2||Markets for Differentiated Products, Pricing Info, Beer|
|27 Sep||5,6||Lock-In, Airlines|
|4 Oct||8||Concentration, Mergers, and Entry Barriers, Computers|
|18 Oct||10||7,8||Networks, Compatibility and Standards, Dairy|
|1 Nov||12||Quality, Durability, and Warranties, Cars|
|8 Nov||Student Paper Presentations|
|15 Nov||Student Paper Presentations|
|22 Nov||14||Marketing Tactics, Textiles, Drugs|
|29 Nov||16||Price Dispersion and Search Theory, Insurance|
|6 Dec||Slack/Review, Papers Due|
|13 Dec||Final Exam 7:30 p.m. - 10:15 p.m.|
Sam Peltzman, Review of The Handbook of Industrial Organization, The Journal of Political Economy, Vol. 99, No. 1. (Feb., 1991), pp. 201-217.New Economy Articles
Hal Varian, How to Build an Economic Model in your Spare Time
Tyler Cowen, Law as a public good, Economics and Philosophy, 8:249-267, 1992. See also Law as a Private Good, and Outline of a Critique of Tyler Cowen's "Law as a Public Good."
Robin Hanson, Location Discrimination in Circular City, Torus Town, and Beyond
Economics of Networks, by Nicholas Economides, 1996.
Speculative Microeconomics for Tomorrow's Economy, by J. Bradford DeLong and A. Michael Froomkin, First Monday 5(2), February 7, 2000.
Old Economy, New Rules, by J. Bradford DeLong, WorldLink Nov/Dec 1998.
Does the "New Economy" Measure up to the Great Inventions of the Past?, Robert Gordon, 2000.
Living on the Fault Line, by Geoffrey A. Moore, 2000.
New Rules for the New Economy, 10 Radical Strategies for a Connected World, by Kevin Kelley, 1998. See also a related article.
The 'Free' Market: Meet The 'New' Economy, Same as the 'Old' Economy
Policy Debate: Is There a New Economy?