APPLICATIONS OF EMPIRICAL INDUSTRIAL ORGANISATION METHODS

CESifo lecture Munich, 20-21 April 2017

APPLIED METHODS IN INDUSTRIAL ORGANISISATION

This lecture will provide an introduction to modern methods in applied industrial organisation.

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Readings: Ackerberg,  Benkard,  Berry and Pakes (2007) Econometric Tools for Analyzing Market Outcomes,  Handbook of Econometrics; Berry and Haile (2014) Identification in differentiated products markets using market level data, Econometrica; Berry,  Levinsohn and Pakes (1995) Automobile Prices in Market Equilibrium,  Econometrica; Nevo (2011) Empirical Models of Consumer Behavior, Annual Reviews; Nevo (2000) A Practitioner's Guide to Estimation of Random Coefficients Logit Models of Demand, Journal of Economics & Management Strategy; Nevo (2001) Measuring Market Power in the Ready-to-Eat Cereal Industry,  Econometrica

APPLICATIONS AND MEASURING WELFARE

This lecture will provide further detail on the application of modern methods in applied industrial organisation,  as well as the application of welfare measures computed from estimated demand systems.

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Reading: Nevo (2011) Empirical Models of Consumer Behavior, Annual Reviews; Griffith,  Nesheim and O'Connell (2017), Income effects and the welfare consequences of tax in differentiated product oligopoly,  Quantitative Economics; Dubois,  Griffith and O'Connell (2019) The effects of banning advertising in junk food markets, Review of Economic Studies; Hausman (1996),  Valuation of New Goods Under Perfect and Imperfect Competition  in Bresnahan and Gordon (eds) The Economics of New Goods; Nevo (2003) New Products, Quality Changes and Welfare Measures Computed from Estimated Demand Systems,  Review of Economics and Statistics; Trajtenberg (1989) The Welfare Analysis of Product Innovations,  with an Application to Computed Tomography Scanners, Journal of Political Economy; Petrin (2002) Quantifying the Benefits of New Products: The Case of the Minivan, Journal of Political Economy,

UNOBSERVED CHOICE SETS AND APPLICATIONS

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Reading: Goeree (2008) Limited information and advertising in the US personal computer industry; Gaynor,  Propper and Seiler (2016) Free to Choose? Reform, Choice, and Consideration Sets in the National Health Service, American Economic Review

 

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