AGRICULTURAL &
RESOURCE
ECONOMICS
UNIVERSITY OF CALIFORNIA AT BERKELEY |
Spring Semester, Jeffrey Perloff
and
Sofia Villas-Boas
This is the second half of a first year graduate course addressing the
main issues and concepts in industrial organization and regulation in agricultural economics.
Industrial organization is concerned with the workings of markets,
in particular, the way firms interact and compete with each other.
Issues covered include horizontal relationships and mergers; repeated
interactions of firms;
vertical integration and control through contractual arrangements;
information, search costs and the provision of quality in the markets;
strategic behavior and predation;
and an introduction to auctions. Course Outline, 2005 Spring, second half 50 % - 3 Problem sets P.set 1, due April 5th,
P.set 2, due April 14th,
P.set 3, due May 3rd 10 % - Classroom participation 10 % - Paper presentation and paper discussion (referee report) 30 % - Final Exam, May 6th, 3-5 pm in the 3rd floor room or in 201, subject to availability of either rooms. 2003 Final Exam
,
2004 Final Exam suggested length - 3 hours. Handout on Quality and Information Download here Discussion Jin and Leslie Download here Handout on Repeated Interactions and Collusion Download here Two Handouts on Strategic Non-cooperative Behavior Download here , and here. Handout on Vertical Topics Download here Handout on Introduction to Auctions Download here Suggested Guidelines For Presenting a Paper. Suggested guidelines for Referee Report . Empirical paper session 2. Friday April 1st.
Jin and Leslie, 2003. Empirical paper session 3. Friday April 8th.
Scorse, 2002.Presenting: Jill and Shanthi. Discussing: Clair and Rocio. Empirical paper session 4. Friday April 15th.
Vasquez, 2004. Presenting Rocio and Howard. discussants: Jia and Zhen Empirical paper session 5. Thursday April 28th.
Joskow, 1987,
Presenters: Jia and Zhen. Discussants (Biswo and ?)
and
Hastings, 2004. Presenters: Anin and Quoc. Discussants: Damian and Brian . Empirical paper session 6. Thursday May 5th.
Brown (2005). Presenter: Hugo and Biswo, Discussants: Anin and Quoc. Empirical paper session 7. Tuesday May 10th.
Kiesel (2005) (preliminary draft, final version available April 5th).
Presenters: Clair and ?. Discussants: Hugo and Howard. Ferraz and Finan (2005) . Presenters: Brian and Damian. Discussants: Jill and Shanthi. Carlton and Perloff (2000): Modern Industrial Organization, Dennis W. Carlton and Jeffrey Perloff, 3rd Edition, Reading, MA: Addison-Wesley, 2000.,
Companion web-page Tirole (1989) : The Theory of Industrial Organization, Jean Tirole, 1989, The MIT Press. Structural Econometric Modeling: Rationales and Examples form IO, Reiss and
Wolak, 2004, prepared for Handbook of Econometrics, Volume 5.
Link to pdf file . Diamond, P, "A Model of Price Adjustment",Journal of Economic Theory
(not in JSTOR), 3 (1971),156-168,
Salop and Stiglitz (1977) JSTOR link ,
Salop (1977) JSTOR link.
Akerlof (1970) JSTOR link ,
Leland (1979) JSTOR link.
Fluctuating Demand: Rotemberg and Saloner (1986) JSTOR link "Dynamic Pricing", Borenstein and Shepard (1996) ,
Green and Porter (1984) JSTOR link "Cartel/Price Wars", Porter (1983) Porter and Zona, JPE 1993, JStor Link. Online Book on Auctions at : www.paulklemperer.org. Reading List: Text file. Articles
: Collusion in Bids
, Winner's Curse.
Assignments and Grading:
Lecture Notes
Readings
Main references:
Link to Referenced Papers
Imperfect Information: Search costs
Imperfect Information: Adverse selection
Repeated games and collusion
Repeated games with Asymmetric information
Auctions
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If you need disability-related accommodations in this class, if you have emergency medical information you wish to share with me, or if you need special arrangements in case the building must be evacuated, please inform me immediately. Please see me privately after class or at my office. The Disabled Students' Program (DSP) is the campus office responsible for verifying that students have disability-related needs for academic accommodations and for planning appropriate accommodations, in cooperation with the students themselves and their instructors. Students who need academic accommodations should request them from DSP: 230 Cesar Chavez Student Center, 642-0518 (voice) and 642-6376 (TTY); Webpage http://www.dsp.berkeley.edu/ .
Last updated Spring , 2006