Instructor: Robin D. Hanson, Assoc. Professor, Economics
Office Hours: Officially Mon 6:00-7:00pm, Th 3:00-4:00pm, but I'm usually in at Carow Hall 10B. Email or call ahead (703-993-2326) if you want to be sure I'll be in.
846 Industrial Organization and Public Policy II (3:3:0). Prerequisites: ECON 611 and 844. Relation between law and economics and theories of social control of property rights. Theories of market structure and industrial performance.Class Concept
By grad school, students know the drill cold: read assignments, hear lectures, do homework, and spit it all back on the exam. Problem is, just then the game changes from grades to papers; few will care about your grades, compared to your research papers, written and published. A research paper is not a term paper, and can't be dashed off the weekend before it is due. A research paper does not offer a broad overview; it says something specific and new, even if minor, that fits in a context of other research papers.Assignments:
My class is designed for this transition. Instead of covering many topics briefly, we cover fewer deeper. The research paper is half your grade, and can be all if you want. You must choose a model paper early in the semeseter, write a referee report on it, and present it in class. Then meeting with me frequently one on one, we look for and then create some variation on that model paper.
|Jan 28||Overview and Lockin||Look for Model Paper|
|Feb 4||No Class <! SETI conf >|
|Feb 11||Product Differentiation||Homework 1|
|Feb 18||Quality and Regulation|
|Feb 25||Networks and Standards|
|Mar 3||Ads and Search|
|Mar 10||Spring Break|
|Mar 17||Paper Presentations|
|Mar 24||Midterm Exam|
|Mar 31||Firm Boundaries, Entry, and Mergers|
|Apr 7||Capital Structure and Control|
|Apr 14||No Class|
|Apr 21||Organization Theory|
|Apr 28||Organization Information Systems|
|May 5||Paper Presentations|
|May 12||Final Exam|
<! to cover: chain store paradox, resale price maintanance, ... > <! puzzles: why last minute prices higher on planes, lower at theatre?, why music taste grouped by age?, Why do people care about beer brand if they can't taste the difference, > Sources
On the web page, this links to a page of sources, most of which have links.Suggested Texts:
Oz Shy, Industrial Organization, Theory and Applications, MIT Press, ISBN 0-262-69179-5, 1996. (errata)
F.M. Scherer, Industry, Structure, Strategy, and Public Policy, Harper Collins, ISBN 0-673-99289-6, 1996.
<! a href="">Jean Tirole, The Theory of Industrial Organization, MIT Press, ISBN 0-262-20071-6, 1994.
<!a href="">Dennis Carlton and Jeffrey Perloff, Modern Industrial Organization, Forth Edition, Addison-Wesley, ISBN: 0-321-18023-2, 2005.
Carl Shapiro, Hal R. Varian, Information Rules: A Strategic Guide to the Network Economy, Harvard Business School Press, ISBN: 087584863X, 1998.
Robert J. Herbold, The Fiefdom Syndrome: The Turf Battles That Undermine Careers and Companies - and how to Overcome Them, October 2005, ISBN 0385510683, Sample Price $14.