Econ 4631, Spring 2009

·         Syllabus

·         Lecture 1

·         Please Read Chapter 2, Carlton and Perloff for Friday, 1/22 (only skim part on cost concepts)

·         Please Read “Airline Mergers, Airport Dominance, and Market Power”, Severin Borenstein, The American Economic Review, May 1990, pp. 400-404.

·         Please skim Chapter 4 and read Chapter 5 for Monday 1/25

·         Lecture 2

·         Homework 1- Due Monday 2/1

·         Lecture 3 (updated 1-29-10)

·         For next Weds, February 3, please skim the following 3 documents:

-Expert Report of Kevin Murphy on Whole Foods/Wild Oats

-Court Decision on Whole Foods/Wild Oats

-Appellate Decision on Whole Foods/Wild Oats

·         Friday office hours will be moved to Thursday from 1:30-2:30 p.m. until further notice

·         Midterm Exam is scheduled for Friday March 12th

·         Please skim over “Screens for Conspiracies”

·         Please read “Detecting Collusion in Procurement Auctions”

·         New article on manipulation of the Libor

·         News article on manipulation of the Libor

·         Paper on the manipulation of the Libor

·         Please read Chapters 6 and 7 of Carleton and Perloff

·         Lecture 4

·         Lecture 5 (updated 2/23)

·         Homework #2

·         Data Set for Homework #2

·         Homework #2 is due on Weds, February 24th

·         There will be class on Friday, February 19th

·         Please read over “Should the Music Industry Sue its Own Customers? Impacts of Music Piracy and Policy Suggestions”

·         Slides for piracy paper

·         Homework #3, Due Friday March 5th

·         Please read Bajari and Hortacsu for 3/10

·         Please read Cabral and Hortacsu (after spring braek)

·         Please read Ockenfels et. al. (after spring break)

·         Take home mid-term exam.  Due Friday at the start of class.

·         Office hours for Thursday, March 11th are changed to Weds, March 10th at 1 p.m.

·         Lecture 6

·         Please skim over the American Airlines complaint for Friday 3/26

·         Please skim over the Farrell and Edlin chapter in Antitrust Revolution

·         Slides for predation in airlines

·         Please skim over Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors

·         Lecture 7 (only the first part of the slides)

·         Please skim over Goolsbee and Petrin for Monday, April 5th

·         Please skim over National Cable TV and Telecommunications Association 2008 Industry Overview

·         eBay online bidding tournament

·         Lecture Notes on Ockenfels

·         Forthcoming: April 16th- Health Care Debate, Bob Town vs. Steve Parente

·         Please skim Chapter 13 on information, particularly page 440-452

·         Please begin to read “The Anatomy of Health Insurance”, from the Handbook of Health Economics, Volume 1, Part 3, Chapter 11

·         The chapter can be downloaded here from a U of M IP address

·         Homework #4

·         Lecture Notes on Health Insurance

·         Please skim the Council of Economic Advisors report on Health Care

·         Please skim the American Enterprise Institute report on Health Care

·         Homework #5- Due Friday April 16th

·         Final set of health economics notes

·         Please begin to read “An Empirical Model of Subprime Mortgage Default”

·         Lecture notes on financial regulation

·         Please begin to read “Did Securitization Lead to Lax Screening? Evidence from Subprime Loans?”, Benjamin Keys, Tanmoy Mukherjee, Amit Seru, Vikrant Vig, Quarterly Journal of Economics, 2010.

·         Lecture Notes on Securitization

·         I will use some examples from Lee and Lemieux

·         Take Home Final Exam

Copyright © 2006. Patrick Bajari. All rights reserved.