Universität Wien
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040029 UK Applied Microeconomics (MA) (2014W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Masterstudents: If you wish to attend this course, please write to Philipp Schmidt-Dengler, email: philipp.schmidt-dengler@univie.ac.at, explaining why you want to take this course and how far you have progressed in your studies.

PhD-Students: for regristration, please send an email to philipp.schmidt-dengler@univie.ac.at
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 30 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 07.10. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 14.10. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 21.10. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 28.10. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 04.11. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 11.11. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 18.11. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 25.11. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 02.12. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 09.12. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 16.12. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 13.01. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Tuesday 20.01. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 26.01. 09:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 27.01. 09:45 - 11:15 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock

Information

Aims, contents and method of the course

This course will cover a range of topics in empirical Industrial Organization, including
demand estimation, entry models and production function estimation. The emphasis
will be on recent empirical papers estimating static models. These models are the foun-
dation of most applied structural work in Marketing, Health, Trade, Environment, and
Finance. They also serve as the basis for dynamic models wich will be covered in a
course to be offered in a later semester. We will cover both technical details (specifica-
tion, estimation strategy, identification and economic interpretation) and applications.

Course Outline
- Introduction to Empirical Industrial Organization
- Timothy F. Bresnahan. Competition and collusion in the american automobile
industry: The 1955 price war. Journal of Industrial Economics, 35(4):457-482,
1987
- Robert H Porter. A study of cartel stability: The joint executive committee, 1880-
1886. The Bell Journal of Economics, pages 301-314, 1983
- Demand for Differentiated Products
- Steven Berry. Estimating discrete choice models of product differentiation. RAND
Journal of Economics, 25:242-262, 1994
- Steven T. Berry, James Levinsohn, and Ariel Pakes. Automobile prices in market
equilibrium. Econometrica, 63(4):841-890, 1995
- Applications and Improvements of BLP Model
- Aviv Nevo. Measuring market power in the ready-to-eat cereal industry. Econometrica
, 2(69):307-342, 2001
- Amil Petrin. Quantifying the benefits of new products: The case of the minivan.
Journal of Political Economy, 110(4):705-729, 2002
- Steven Berry, James Levinsohn, and Ariel Pakes. Differentiated products demand
systems from a combination of micro and macro data: The new car market. Journal
of Political Economy, 112(1):68-105, 2004
- Production Function Estimation
- G Steven Olley and Ariel Pakes. The dynamics of productivity in the telecommu-
nications equipment industry. Econometrica, pages 1263-1297, 1996
- Amil Petrin. Quantifying the benefits of new products: The case of the minivan.
Journal of Political Economy, 110(4):705-729, 2002
- Daniel A Ackerberg, Kevin Caves, and Garth Frazer. Structural identification of
production functions. 2006
- Static Entry/Exit Models and the Moment Inequality Approach
- Timothy F Bresnahan and Peter C Reiss. Empirical models of discrete games.
Journal of Econometrics, 48(1):57-81, 1991
- Timothy F Bresnahan and Peter C Reiss. Entry and competition in concentrated
markets. Journal of Political Economy, pages 977-1009, 1991
- Katja Seim. An empirical model of firm entry with endogenous product-type
choices. The RAND Journal of Economics, 37(3):619-640, 2006
- Ariel Pakes, Jack Porter, Kate Ho, and Joy Ishii. Moment inequalities and their
application. Technical report, cemmap working paper, Centre for Microdata Meth-
ods and Practice, 2007
- Auctions
- Jean-Jacques Laffont, Herve Ossard, and Quang Vuong. Econometrics of first-price
auctions. Econometrica, pages 953-980, 1995
- Emmanuel Guerre, Isabelle Perrigne, and Quang Vuong. Optimal nonparametric
estimation of first-price auctions. Econometrica, 68(3):525-574, 2000
- Jakub Kastl. Discrete bids and empirical inference in divisible good auctions. The
Review of Economic Studies, 78(3):974-1014, 2011
- Ali Hortacsu and David McAdams. Mechanism choice and strategic bidding in di-
visible good auctions: an empirical analysis of the turkish treasury auction market.
Journal of Political Economy, 118(5):833-865, 2010

Assessment and permitted materials

- Homework assignments (computational exercise) (60%)
- Presentation (30%)
- Classroom participation (10%)

Minimum requirements and assessment criteria

Course Level: Ph.D., Master Students with graduate level training in Microeconomics and
Econometrics are in principle eligible. If you are a Master student interested in taking
this course, please come and see me during office hours in September so that we can
assess whether your training is appropriate.

Prerequisites: Graduate Core Courses, in particular, Microeconomics and Econometrics,
ideally some background in Industrial Organization

Examination topics

Lecture (2 hours)

Reading list

The following texts may be provide a helpful overview of the ma-
terial that we intend to cover
- Timothy F Bresnahan. Empirical studies of industries with market power. Handbook
of industrial organization, 2:1011-1057, 1989
- Peter C Reiss and Frank A Wolak. Structural econometric modeling: Rationales and
examples from industrial organization. Handbook of econometrics, 6:4277-4415, 2007
- Daniel Ackerberg, C Lanier Benkard, Steven Berry, and Ariel Pakes. Econometric tools
for analyzing market outcomes. Handbook of econometrics, 6:4171-4276, 2007
- Peter Davis and Eliana Garc´es. Quantitative techniques for competition and antitrust analysis. Princeton University Press, 2009
- Ken Hendricks and Robert H Porter. An empirical perspective on auctions. Handbook
of Industrial Organization, 3:2073-2143, 2007
- Susan Athey and Philip A Haile. Nonparametric approaches to auctions. Handbook of
econometrics, 6:3847-3965, 2007
- Harry J Paarsch and Han Hong. An introduction to the structural econometrics of
auction data. MIT Press Books, 1, 2006

Association in the course directory

Last modified: Mo 07.09.2020 15:28