Professor Christiaan Hogendorn
Fall 2017
BP = Paul Belleflamme and Martin Peitz, Industrial Organization:
Markets and Strategies, Cambridge, 2015
Items marked with ! are not yet available.
○ Items with an open circle are just for background, not required.
Course Policies and Grading Information
| Sept. 4 M | 1. Introduction ● BP Chapter 1 |
| Sept. 6 W | 2. Firms and Consumers ● Company logo and strategic decision – due by e-mail ● BP Chapter 2: 2.1 Assignment 2 due. Notebook |
| Sept. 11 M | 3. Monopoly and Markets ● BP Appendix A: A.1 and A.2 ● BP Chapter 2: 2.2 and 2.3 Assignment 3 due. Notebook |
| Sept. 13 W | 4. Bertrand Competition ● BP Chapter 3: 3.1 Assignment 4 due. Notebook |
| Sept. 18 M | 5. Cournot Competition ● BP Chapter 3: 3.2 and 3.3 Assignment 5 due. Notebook |
| Sept. 20 W | 6. Strategic Substitutes and Complements ● BP Chapter 3: 3.4 and 3.5 Assignment 6 due. Notebook |
| Sept. 25 M | 7. Leader-Follower Competition ● BP Chapter 4: 4.1 Assignment 7 due. Notebook. Addendum. Presenters Brian and John-Henry |
| Sept. 27 W | 8. Free Entry: Monopolistic Competition ● BP Chapter 4: 4.2 Assignment 8 due. Notebook |
| Oct. 2 M | 9. Free Entry: Business Stealing ● BP Chapter 4: 4.2.2 Assignment 9 due. Notebook Presenters Andres and Taylor |
| Oct. 4 W | 10. Logit ● BP Chapter 5: 5.4 Assignment 10 due. |
| Oct. 9 M | 11. Hotelling ● BP Chapter 5: 5.1 and 5.2 Assignment 11 due. Notebook |
| Oct. 11 W | Class Cancelled |
| Oct. 16 M | 12. Business Stealing Among Radio Stations ● Berry, S., & Waldfogel, J. (1999). “Free Entry and Social Inefficiency in Radio Broadcasting.” The Rand Journal of Economics, 397–420. ○ Berry, S., Eizenberg, A., & Waldfogel, J. (2016). “Optimal product variety in radio markets.” The RAND Journal of Economics, 47(3), 463–497. Assignment 12 due. Presenters Abby and Prao |
| Oct. 18 W | Midterm Exam |
| Fall Break | |
| Oct. 25 W | 13. Price Discrimination ● BP Chapter 8: 8.1 and 8.2 Assignment 13 due. Notebook Presenters Anu and Sahil ● BP Chapter 14: 14.2 and 14.3 |
| Oct. 30 M | 15. Mergers ● BP Chapter 15: 15.1 and 15.2 Assignment 14 due. Notebook Presenter Andrew |
| Nov. 1 W | 16. Unilateral and Coordinated Effects ● BP Chapter 15: 15.3 and 15.4 ● Willig, R. (2011). “Unilateral Competitive Effects of Mergers: Upward Pricing Pressure, Product Quality, and Other Extensions.” Review of Industrial Organization, 39(1), 19–38 Assignment 16 due. !Notebook |
| Nov. 6 M | 17. Entry-Related Strategies ● BP Chapter 16: 16.1 Assignment 17 due. !Notebook Presenters Morgan and Tyler |
| Nov. 8 W | 18. Capacity ● BP Chapter 16: 16.2 Assignment 18 due. !Notebook Presenter Stephen McCarthy |
| Nov. 13 M | 19. Network Effects ● BP Chapter 20: 20.1 and 20.2 ○ Shy, O. (2011). “A short survey of network economics.” Review of Industrial Organization, 38(2), 119–149. ○ Bresnahan, T. F. and Greenstein, S. (1999). Technological competition and the structure of the computer industry. Journal of Industrial Economics, 47(1):1–40. Assignment 19 due. Notebook Presenters Cole and Harrison |
| Nov. 15 W | 20. Strategies with Network Effects ● BP Chapter 20, Section 20.3.2. ● BP Chapter 21 ○ Engel, Fischer, and Galetovic, “Toll Competition Among Congested Roads,” Topics in Economic Analysis and Policy, 4(1) 2004. Assignment 20 due. Notebook Presenters Dylan and Steve |
| Nov. 20 M | 21. Dealers and Platforms ● BP Chapter 22: 22.1 Assignment 21 due. Notebook (Revised) Presenter: Kelvin |
| Thanksgiving Recess | |
| Nov. 27 M | 22. Two-Sided Platforms ● BP Chapter 22: 22.3 ○ Marc Rysman, “The Economics of Two-Sided Markets,” Journal of Economic Perspectives, 23(3) 2009: 125–143. Assignment 22 due. Notebook Presenters Brooke and Kristen. |
| Nov. 29 W | 23. Infomediaries ● BP Chapter 23: 23.1 Assignment 23 due. !Notebook Presenters Eric and Matt |
| Dec. 4 M | No Class |
| Dec. 6 W | 24. Intermediaries and Reputation ● BP Chapter 23: 23.2 Assignment 24 due. !Notebook Presenters: Aviv and Jordan |