1st class: 8 November 2019, 11:00am-1:00pm
- Market intermediation with particular reference to network goods
Introduction to the intermediation problem: Information and reputation questions
Reference:
(*) Belleflamme P. and M. Peitz, (2015) Industrial Organization, 2d ed, Cambridge University Press,
Ch. 23
–The supply side question: On-line customer persuasion and privacy
Reference:
A De Corniere, R De Nijs (2016) Online advertising and privacy, The RAND Journal of Economics,
–The demand side question: Consumer’s attention cost
References:
Kominers S. D, X. Mu, A. Peysakhovich (2016) Paying (for) Attention: The Impact of Information Processing Costs on Bayesian Inference, WP
Prat, A, T. Valletti (2019) Attention Oligopoly, WP
2d class: 14 November 2019, 11:00am- 1:00 pm
- Behavioral IO: Foundation
Bounded rationality in IO
References:
(*) Potters, J., S, Suetens (2013) Oligopoly experiments in the current millennium, Journal of Economic Surveys
Eliaz, K, R. Spiegler (2015) Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization, Review of Industrial Organization
3d class: 15 November 2019, 11:00am-1:00pm
- Behavioral competition policy
Online ad price, merger and entry when consumers single-home and when consumers multi-home. Online price discrimination.
References:
(*) Anderson, S P, Ø Foros, and H J Kind (2018), “Competition for advertisers and for viewers in media markets”, The Economic Journal 128: 34-54.
Anderson,SP, A Baik , N. Larson (2019) “Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts”, CEPR Disc.Pap.
Athey, S, E Calvano, and J Gans (2018), “The impact of consumer multi-homing on advertising markets and media competition”, Management Science 64(4): 1574-1590.
Anderson, S P, Ø Foros, and H J Kind (2019), “The importance of consumer multi-homing (joint purchases) for market performance: mergers and entry in media markets”, Journal of Economics & Management Strategy, 28 (1):125-137
“Quasi” rational consumers
References:
(*) Luini, L., P.L. Sabbatini (2012) Demand cross elasticity without substitutability, Journal of
Socio-Economics
Meier S., C. Sprenger (2010) Present-biased preferences and credit card borrowing, American Economic Journal: Applied Economics
Filippas,A., JJ Horton,J, Golden (2019) “Reputation Inflation” NBER, WP,
(*) Main reference