| 1 |
Overview & Review |
Overview of Course and Review of Basic Microeconomics
C&W, Chap. 1, 2, 3.1 |
| 2 |
Recitation: Regression Basics |
|
| 3 |
Monopoly & Dominant Firms |
Monopoly and Dominant Firms
C&W, Chap. 4
"Hard Profits: A Cement Titan in Mexico Thrives by Selling to the Poor—Cemex's Huge Market Share Lets It Keep Prices High, Expand Around the Globe." Wall Street Journal (April 22, 2002): A1. |
| 4 |
Game Theory 1: Static Models |
Game Theory Introduction
C&W, Chap. 7
Non-cooperative Oligopoly: Static Models
C&W, Chap. 8 |
| 5 |
Recitation: Competitive Strategy Game |
|
| 7 |
Game Theory II: Dynamic Games |
Non-cooperative Oligopoly: Dynamic Models
C&W, Chap. 9, 10.3-10.4 |
| 8 |
Recitation: Dynamic Games |
|
| 9 |
Tacit Collusion: GE-Westinghouse HBS Case |
Cooperative Oligopoly and Tacit Collusion
C&W, Chap. 10 (remainder)
Harvard Business School Case. "General Electric v. Westinghouse in Large Turbine Generators." 9-380-128. |
| 10 |
Facilitating Practices & Cartel Introduction |
Cartels & Price-fixing
C&W, appendix (antitrust)
Salpukas, A. "An Oil Outsider Revives a Cartel." New York Times, Sunday, Oct. 24, 1999, Sec. 3, p. 1.
Sotheby's and Christy's |
| 11 |
Recitation: Dynamic Games |
|
| 12 |
Cartels & Price-fixing; Antitrust Law |
Cartels & Price-fixing
C&W, appendix (antitrust)
Salpukas, A. "An Oil Outsider Revives a Cartel." New York Times, Sunday, Oct. 24, 1999, Sec. 3, p. 1.
Sotheby's and Christy's |
| 13 |
Antitrust Policy: Mergers & Monopolization |
Horizontal Antitrust Policy- Mergers, Alliances, and Joint Ventures
C&W, Chap. 23, 19 (skim)
U.S. Council of Economic Advisors. "Realizing Gains from Competition." Chap. 3 in The Economic Report of the President. January 2002, pp. 99-143. (this reads quickly!).
"Oligopolies are on the Rise as the Urge to Merge Grows." Wall Street Journal (February 25, 2002): A1.
Airline Alliances: NW/CO/DL
- DOT review.
- Airline response: Done, Kevin. "US airlines on collision course with regulators." Financial Times, Jan. 21, 2003.
|
| 14 |
Recitation: Cartels |
|
| 15 |
Measuring Market Power |
Measuring Market Power
C&W, Chap. 12 |
| 16 |
Oligopoly Pricing Strategies I |
Strategic Behavior in Oligopoly Markets
(Overview) C&W, Chap. 13
Pricing and Price Discrimination
C&W, Chap. 5
Nintendo in Europe: See the European Commission Ruling & Press Release, 30 October 2002.
Priceline: "How to Beat Priceline." Wall Street Journal (April 9, 2002): D1.
Internet Pricing and Search: Ellison, Glenn, and Sara Ellison. "Search, Obfuscation, and Price Elasticities on the Internet." MIT mimeo, 2001. |
| 17 |
Recitation: Exam 1 Review, PS 2 solutions |
|
| 18 |
Oligopoly Pricing Strategies II |
Pricing and Price Discrimination
C&W, Chap. 5
Nintendo in Europe: See the European Commission Ruling & Press Release, 30 October 2002.
Priceline: "How to Beat Priceline." Wall Street Journal (April 9, 2002): D1.
Internet Pricing and Search: Ellison, Glenn, and Sara Ellison. "Search, Obfuscation, and Price Elasticities on the Internet." MIT mimeo, 2001. |
| 19 |
|
|
| 20 |
Oligopoly Pricing Strategies III |
Pricing and Price Discrimination
C&W, Chap. 5
Nintendo in Europe: See the European Commission Ruling & Press Release, 30 October 2002.
Priceline: "How to Beat Priceline." Wall Street Journal (April 9, 2002): D1.
Internet pricing and search: Ellison, Glenn, and Sara Ellison. "Search, Obfuscation, and Price Elasticities on the Internet." MIT mimeo, 2001. |
| 21 |
Entry |
Entry, Entry Deterrence
C&W, Chap. 14, 15, 16.1
Ghemawat, Pankaj. "Capacity Expansion in the Titanium Dioxide Industry." Journal of Industrial Economics 33, 2 (December 1984): 145-63. |
| 22 |
Recitation |
|
| 23 |
Entry Deterrence |
Entry, Entry Deterrence
C&W, Chap. 14, 15, 16.1
Ghemawat, Pankaj. "Capacity Expansion in the Titanium Dioxide Industry." Journal of Industrial Economics 33, 2 (December 1984): 145-63. |
| 24 |
Predatory Pricing |
Predation
C&W, Chap. 21
U.S. v. American Airlines, Memorandum and Order, April 27, 2001; Brief for Appellant, January 11, 2002. See also Complaint, May 13, 1999.
American Airlines Reply to DoJ Appeal |
| 25 |
Recitation |
|
| 26 |
Raising Rivals' Costs |
Raising Rivals' Cost
C&W, Chap. 20 |
| 27 |
Product Choice 1: Spatial Models & Cereal |
Product Choice and Differentiation
C&W, 11 (differentiation), Chap. 4.3 (durability), 6 (quality), 16.2 (switching costs)
(Background, optional): Nevo, Aviv. "Measuring Market Power in the Ready-to-Eat Cereal Industry." Econometrica 69 (March 2001): 307-342. [Available on-line from Proquest]
"Chrysler Unveils New Warranty Deal." Detroit Free Press, July 7, 2002. |
| 28 |
Recitation: Spatial Competition Models; PS 3 |
|
| 29 |
Product Choice 2: Quality, Durability & Networks |
Product Choice and Differentiation
C&W, 11 (differentiation), Chap. 4.3 (durability), 6 (quality), 16.2 (switching costs)
(Background, optional): Nevo, Aviv. "Measuring Market Power in the Ready-to-Eat Cereal Industry." Econometrica 69 (March 2001): 307-342. [Available on-line from Proquest]
"Chrysler Unveils New Warranty Deal." Detroit Free Press, July 7, 2002. |
| 30 |
Recitation |
|
| 31 |
Advertising |
Advertising
C&W, Chap. 17
"Cigarette Makers in Discount War to Lock in Share." Wall Street Journal (September 23, 1998): B1. |
| 32 |
R&D |
R&D
C&W, Chap. 18
"Leading the News: Drug Study Finds Little Innovation." Wall Street Journal (May 29, 2002): A3. |
| 33 |
Recitation |
|
| 34 |
Internal Organization 1: Firm Boundaries |
Internal Organization and Theory of the Firm
C&W, Chap. 3.2-3.4 |
| 35 |
Internal Organization 2: Firm Behavior |
Internal Organization and Theory of the Firm
C&W, Chap. 3.2-3.4 |
| 36 |
Recitation: CSG Debriefing |
|
| 37 |
Vertical Structure |
Vertical Integration and Other Vertical Structures
C&W, Chap. 16.3-16.4, 22
"Big Tooth? Suit Says Dentsply has a Monopoly." Wall Street Journal (April 12, 2002): A13. |
| 38 |
Industry Discussion |
|
| 39 |
Review for Final Exam |
|