Master 2022/2023

Empirical Industrial Organization

Type: Elective course (Economics and Economic Policy)

Area of studies: Economics

Delivered by: Department of Applied Economics

Where: Faculty of Economic Sciences

When: 1 year, 3 module

Mode of studies: offline

Open to: students of all HSE University campuses

Instructors: Ekaterina Kazakova

Master’s programme: Economics and Economic policy

Language: English

ECTS credits: 3

Contact hours: 40

Course Syllabus

Abstract

This course is designed to introduce students to the tools for the empirical analysis of industries and markets. Broadly speaking, empirical industrial organization (EIO) combines empirical methods, data, and models to analyze imperfect competition and the organization of markets. Modern methods of the EIO are widely applied in merger review, antitrust litigation, regulatory decision-making, marketing, and other related fields. Moreover, the increasing availability of firm- and consumer-level data ("big data") opens new empirical questions, that cannot be answered without understanding the basics of the EIO analysis. In this course, we will cover traditional empirical models related to (1) demand estimation for homogeneous and differentiated products; (2) production function estimation and firm productivity; (3) identification of conduct; (4) static entry/exit models. The course is associated to exercise sessions devoted to practical applications. We will replicate some empirical workhorse models using software like R and MATLAB.