Instructor: Daniel Yi Xu

Location: Room 624, 19th W 4th Street

Time: Tuesday 9:30am-11:30am (We usually go overtime until noon).

Introduction:

This is the third course in the Graduate IO sequence. It is closely integrated with the Graduate Industrial Organization I and II taught by Bar-Isaac/Lee and Jovanovic. A substantial part of the lectures will build on the topics covered in previous sequences.

Course Requirement:   See Syllabus Below.


Schedule: I will update on class notes as we move on.

Jan 25:  Introduction to Estimation of Dynamic Models: Aguirregabiria and Mira’s Survey (2009),  Rust (1994)

Application of single agent dynamics:  Sales and storage - Hendel and Nevo (2006)

Feb 8:   Durable goods - Gowrisankaran and Rysman (2009),  Information and Learning - Ackerberg (2001) Crawford and Shum (2005)

Feb 15: Entry and Market Structure - Berry and Reiss (2006), Berry (1992), Ciliberto and Tamer (2009)

Feb 22: Moments Inequalities - Pakes (2010) [Alternative Models for Moments Inequalities], Ho (2009)

Feb 25: Finish up Moments Inequalities - Holmes (2011)

March 1: Competitive Industry Dynamics - Jovanovic (1982) Dunne, Roberts, and Samuelson (1989) Rossi-Hansburg and Wright (2007)

Homework 1  (Due 3/30):  referee report - Dickstein (2011) http://www.people.fas.harvard.ed ... f_prov_jan_2010.pdf,  focus on comparison with Crawford and Shum (2005).

March 4: Competitive Industry Dynamics- Klette and Kortum (2004) Lentz and Mortensen (2008)

March 22nd: Dynamic Oligopoly - Doraszelski and Pakes (2006) Benkard (2004)

April 1: Estimation of Dynamic Discrete Game - Aguirregabiria and Mira (2007), Pakes, Ostrovsky, and Berry (2007)

April 5: Estimation of Dynamic Game with Continuous Choices - Bajari, Benkard, and Levin (2007), Ryan (2010)

April 12: Dynamic Panel and Production Function - http://www.nuffield.ox.ac.uk/users/bond/prodfuncs_final.pdf

April 19: Productivity - Flexible Measurement, Demand vs. Efficiency - Foster etc (2008) and lecture notes

Reminder: April 20 noon - Student Presentation and Lunch at CV Star Center

April 26: Financial Frictions and Industry Dynamics