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AGRICULTURAL &
RESOURCE
ECONOMICS
UNIVERSITY OF CALIFORNIA AT BERKELEY |
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Spring 2006 - ARE 202 - Industrial Organization and Regulation
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, 2006 Spring, second half was emailed to you March 7th 50 % - 3 Problem sets P.set 1, due March 23rd,
P.set 2, due April 18th,
P.set 3, due May 2nd 10 % - Classroom participation 10 % - Paper presentation and paper discussion (referee report) 30 % - Final Exam, May TBA, 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 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. Wednesday April 5th.
Jin and Leslie, 2003.Presenting: Elena and Rosangela; Discussing: Rachel and Nate Empirical paper session 3. Wednesday April 12th.
Scorse, 2002.Presenting: Fangwen and Sarah. Discussing: Elena and Melissa. Empirical paper session 4. Wednesday April 19th.
Vasquez, 2004. Presenting Calanit and To be added. discussants: Lourdes and Fangwen Empirical paper session 5. Thursday April 27th.
Joskow, 1987,
Presenters:Sofia . Discussants Sofia
and
Hastings, 2004. Presenters: Hide and Koichiro . Discussants: Sarah and Steven . Empirical paper session 6. Thursday May 4th.
Brown (2005). Presenter: Nathaniel and Steve , Discussants: Leeza and To be added. Empirical paper session 7. Tuesday May 9th.
Kiesel (2005) (preliminary draft, final version available April 5th).
Presenters: Leeza and To be added. Discussants: To be added . Ferraz and Finan (2005) . Presenters: Rachel and Lourdes. Discussants: Rosangela and Calanit . 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) An Introduction to the Structural Econometrics of Auction Data,
Harry J. Paarsch and Han Hong,
With contributions by M. Ryan Haley
, The MIT Press. 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