MINICOURSE ON
“THE ECONOMETRICS OF DYNAMIC GAMES OF OLIGOPOLY COMPETITION”
University of Helsinki
Finnish Doctoral Programme in Economics (FDPE)
August 19-23, 2013
Victor Aguirregabiria
E-mail: victor.aguirregabiria@utoronto.ca
Web: http://individual.utoronto.ca/vaguirre
· SYLLABUS
· TAKE HOME EXAM (Due on Monday, August 26, 2013)
· CLASS NOTES AND SLIDES
1. Dynamic Structural Models of Industrial Organization: General Ideas
v Lectures 1 and 2: Introduction to Empirical Models of Oligopoly Competition
v Lectures 3 and 4: Introduction to Dynamic Structural Models
Readings:
Ø Rust, J. (1992): "Do People Behave According to Bellman’s Principle of Optimality,” manuscript.
Ø Rust, J. (2006): "Dynamic Programming,” New Palgrave Dictionary of Economics.
2. Single-Agent Models of Firm Investment Decisions
v Lectures 5 and 6: Applications of Single-Agent Dynamic Structural Models
Readings:
Ø Holmes, T. (2010): “Diffusion of Wal-Mart and Economies of Density,” Econometrica, 79, 253-302.
3. Dynamic Games of Oligopoly Competition
v Lectures 7 and 8: Estimation of Dynamic Games
v Lectures 9 and 10: Applications of Dynamic Games of Oligopoly Competition
Readings:
Ø Collard-Wexler, A. (2010): “Demand Fluctuations in the Ready-Mix Concrete Industry,” manuscript