Industrial Organization II

(1.5 Credits)

This is the second part of a two course sequence in Industrial Organization. It presumes you have completed the first part. The primary focus of the course will be empirical, though theoretical concepts will be introduced and reviewed as needed. This course extends the study of market power to settings with dynamic consumer behavior (durable goods, storable goods, switching costs, statedependence) and to settings with asymmetric information (such as auctions). We also study market power in the long run including endogenous entry and exit of firms, and in markets with vertical separation.