Professor Sofronis Clerides 

29 April - 2 May 2024

Venue: TBA

Event organized with the financial contribution of the Scuola di Scienze Sociali dell'Università agli Studi di Genova 

TENTATIVE PROGRAMME:

1.Introduction

The goals of industrial organization. 

Stylized facts, market definition and concentration measures. 

The price-concentration conundrum.

Cost functions, scale economies, natural monopoly.

Basic theory: perfect competition, monopoly, Cournot oligopoly

Sources: BP 1 / DG 1 (esp. 1.2) / instructor notes.

2.Estimation of economic primitives 

Estimation of supply and demand functions.

Estimation of production and cost functions.

Sources: BP 2,3 / DG 2 (esp. 2.2), 3, 9.1.1 / ABBP.

3.Markets with differentiated product

Theoretical models of product differentiation. 

Empirical models of product differentiation

Sources: DG 9 / BP 4 / ABBP / Instructor notes.

4.Pass-through

Pass-through of cost changes to prices.

Sources: Miravete/Seim/Thurk; Genakos/Pagliero; Pless/van Benthem

5. Collusion and cartels

Static and dynamic models of collusion. Econometric methods for detecting collusion.

Sources: Porter (1983), Harrington (2008)

6. Estimation of markups and market power

Estimation of conduct and market power. 

Sources: BP 2 / DG 1.3, 6.2 / ABBP; Nevo (2001); De Loecker, Warczynski & Unger (2020); Foster, Haltiwanger & Tuttle (2022)