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Intermediate Microeconomics 2

Problem set 5

The final problem set of the semester, this time on auctions.

Lecture 8: Auctions

In this lecture we examine different types of auctions, considerations in optimal auction design, and some examples of real world auctions.

Problem set 4

In this problem set we look at the issues that arise from asymmetric information.

Problem set 3

The third problem set, on the VCG mechanism, intertemporal choice and adverse selection.

Lecture 6: Asymmetric information 1

In this lecture, we look at the problems caused by adverse selection, first in product markets, then in insurance markets, then in labour markets.

Problem set 2

The second problem set, on welfare, externalities and public goods.

Lecture 4: Public goods

In this lecture we introduce public goods, describe the conditions for their optimal provision, and show how we may discover the strength of people’s prefere...

Lecture 3.1: Welfare

In this half of the lecture we introduce social welfare functions and analyse their origins and their optima. We also look at the economics of voting.

Lecture 2: Uncertainty 2

In this lecture we show assorted examples of solving problems of decisions under uncertainty, and introduce the welfare topic.

Lecture 1: Uncertainty 1

In this first lecture, I introduce the course, then we go on to look at rational choice under uncertainty. We’ll discuss expected utility, risk aversion, ris...

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Industrial Organization 2012-13

Mock end of term test

Below is the mock for the end of term test which will happen next week (week 10). As I said in the lecture, the final test will be identical except for diffe...

Lecture 3: Further static oligopoly

In this lecture we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two. lecture 3.pdf

Lecture 2: Basic oligopoly

In this lecture, we start with a game theory refresher, and then we move on to look at Bertrand and Cournot oligopoly. Lecture 2

Lecture 1: Introduction to IO

In this lecture, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly.

New year, new course, new textbook

This course is starting again, and the content of lectures will be a little different this year. But last year’s slides might still be helpful, so I’m leavin...

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Industrial Organization 2013-14

Lecture 9: More on advertising

In this lecture we look at advertising with free-entry and advertising in oligopoly, before concluding with some empirics.

Mock end of term test

Below is the mock for the 2013 end of term test. The actual test will be the same, other than having different numbers in places.

Lecture 2: Basic oligopoly

In this lecture, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.

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Industrial Organization 2011-12

Lecture 8: Advertising

This week we look at advertising, covering: Different views on why advertising works. Several models and their welfare implications. Some empirics.

Lecture 6: Product differentiation 2

This week we look more at product differentiation, covering Price discrimination in the Hotelling (1929) set-up. The Salop (1979) circular-city model, a...

Lecture 5: Product differentiation 1

In this lecture we cover: The Dixit-Stiglitz (1977) exogenous product differentiation model. The Hotelling (1929) linear-city model of endogenous differ...

Welcome

Welcome to this blog. On it will be posted all of the slides and reading material for my Industrial Organisation teaching. Feel free to comment on posts with...

General reading

Core texts: Cabral, Introduction to Industrial Organization Tirole, The Theory of Industrial Organization

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Industrial Organization 2014-15

Topic 7: Advertising

In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.

Topic 6: Product differentiation

In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...

Topic 2: Basic oligopoly

In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.

Facebook Page

This Industrial Organisation Course now has a Facebook page here. Follow the page to get updates when new slides are released.

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PhD Macroeconomics 2

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Industrial Organization 2015-16

Topic 7: Advertising

In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.

Topic 6: Product differentiation

In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...

Topic 2: Basic oligopoly

In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.

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Industrial Organization 2016-17

Topic 7: Advertising

In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.

Topic 6: Product differentiation

In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...

Topic 2: Basic oligopoly

In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.

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Blog

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Mathematics for Economists

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