Rose-Hulman
Institute of
Technology
Industrial Organization
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Rose-Hulman Institute of Technology |
SV 353 Industrial Organization |
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| 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:
The internal organization, behavior, and business practices of firms within a market economy.
The conduct of groups of firms and the overall performance of industries.
Public policy towards firms and industries, specifically competition policy and economic regulation.
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 |
| Outlines | Problem Sets | Helpful Links |
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