Rose-Hulman

Institute of

Technology

SV 353

Industrial Organization

Department of Humanities & Social Sciences / Dr. Kevin Christ  

This course is an HSS Society and Values elective.  SV151, Principles of Economics, is a prerequisite.  The field of industrial organization is concerned with three broad areas of economic inquiry:

Primary Text:  W. Kip Viscusi, Joselph E. Harrington, Jr., and John M. Vernon, Economics of Regulation and Antitrust, 4th ed., MIT Press, 2005

Supplemental Text:  Kwoka, John E., and Lawrence J. White, eds., The Antitrust Revolution, Economics, Competition, and Policy, Oxford University Press, 5th ed., 2009   

Syllabus for 2012

Formatting guidelines for research paper

Schedule for Fall 2012:

Date Topic Readings Assignments
30 AUG Introductory -- Overview of the field, Explanation of course requirements and policies    
31 AUG Forms of market power -- Monopoly, Monopsony, Monopolistic Competition    
3 SEP Frameworks for analysis in IO -- The SCP and Chicago approaches    
4 SEP Antitrust laws and policies    
6 SEP Oligopoly theory I:  Cournot and Stackelberg models    
7 SEP Oligopoly theory II:  Game theoretic approaches    
10 SEP QUIZ 1    
11 SEP Collusion and cartels; repeated play in games    
13 SEP Concentration and entry conditions    
14 SEP CASE STUDY DISCUSSIONS:  Lysine, Ohio Milk    
17 SEP Contestable markets and dominant firms    
18 SEP CASE STUDY DISCUSSIONS:  LePages    
20 SEP Mergers and Acquixitions    
21 SEP CASE STUDY DISCUSSIONS:  Heinz-Beechnut, Staples-Office Depot    
24 SEP QUIZ 2    
25 SEP Vertical relations and vertical restraints    
27 SEP CASE STUDY DISCUSSIONS:  Toys R Us, State Oil    
28 SEP Price discrimination    
1 OCT CASE STUDY DISCUSSIONS:  GE-Honeywell    
2 OCT Predatory behavior    
4 OCT CASE STUDY DISCUSSIONS:  Spirit Airlines, Microsoft    
5 OCT Market structure and Innovation    
8 OCT CASE STUDY DISCUSSIONS:  Schering-Plough, Intel    
9 OCT QUIZ 3    
11 OCT FALL BREAK    
12 OCT FALL BREAK    
15 OCT Regulation -- History and Process    
16 OCT Regulation -- Theories    
18 OCT Natural Monopolies and franchise bidding    
19 OCT Metwprl effects amd essemtoa; faco;otoes    
22 OCT CASE STUDY DISCUSSIONS:  Trinko, Visa-Mastercard    
23 OCT Public Enterprises    
25 OCT TBD    
26 OCT QUIZ 4    
29 OCT Social regulation    
30 OCT STUDENT PRESENTATIONS:  Electricity markets    
1 NOV STUDENT PRESENTATIONS:  Telecommunications    
2 NOV STUDENT PRESENTATIONS:  Surface freight and airlines    
5 NOV STUDENT PRESENTATIONS:  Energy markets    
6 NOV STUDENT PRESENTATIONS:  Environmental regulation    
8 NOV STUDENT PRESENTATIONS:  Product safety regulation    
9 NOV QUIZ 5    

 

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