Rachel Griffith, CBE FBA

Professor of Economics, University of Manchester
Research Director, Institute for Fiscal Studies

Lecture 1

Speakers: Rachel Griffith

Applied methods in Industrial Organisisation

This lecture will provide an introduction to modern methods in applied industrial organisation.

Reading Lecture 1 (zip) contains the following:
Ackerberg, Benkard, Berry and Pakes (2007) Econometric Tools for Analyzing Market Outcomes, Handbook of Econometrics, Volume 6A, Chapter 63.
Berry and Haile (2014) Identification in differentiated products markets using market level data, Econometrica, 82:5, 1749-1997
Berry, Levinsohn and Pakes (1995) Automobile Prices in Market Equilibrium, Econometrica, July 1995, 841-90
Nevo (2011) Empirical Models of Consumer Behavior, Annual Reviews
Nevo (2000) A Practitioner's Guide to Estimation of Random Coefficients Logit Models of Demand, Journal of Economics & Management Strategy, Winter 2000, 513-48.
Nevo (2001) Measuring Market Power in the Ready-to-Eat Cereal Industry, Econometrica, March 2001, 307-42

Notes PDF

Reading Lecture ZIP

Lecture 2

Applications and measuring welfare

This lecture will provide further detail on the application of modern methods in applied industrial organisation, as well as the application of welfare measures computed from estimated demand systems.

Reading Lecture 2 (zip) contains the following:
Nevo (2011) Empirical Models of Consumer Behavior, Annual Reviews (see Lecture 1)
Griffith, Nesheim and O'Connell (2017), Income effects and the welfare consequences of tax in differentiated product oligopoly, Quantitative Economics (forthcoming)
Dubois, Griffith and O'Connell (2017) The effects of banning advertising in junk food markets, Review of Economic Studies (forthcoming)

Additional reading:
Hausman (1996), Valuation of New Goods Under Perfect and Imperfect Competition, in Bresnahan and Gordon (eds) The Economics of New Goods, Studies in Income and Wealth, Vol. 58, Chicago: NBER. Including comment by Bresnahan (in the same volume) and reply to comment (and reply to reply).
Nevo (2003) New Products, Quality Changes and Welfare Measures Computed from Estimated Demand Systems, Review of Economics and Statistics, 266-75.
Trajtenberg (1989) The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners, Journal of Political Economy, April, 444-79.
Petrin (2002) Quantifying the Benefits of New Products: The Case of the Minivan, Journal of Political Economy, August, 705-29.

Notes PDF

Reading Lecture ZIP

Lecture 3

Unobserved choice sets and applications

Reading Lecture 3 (zip) contains the following:
Goeree (2008) Limited information and advertising in the US personal computer industry, Econometrica, 76 (5), 1017-1074
Gaynor, Propper and Seiler (2016) Free to Choose? Reform, Choice, and Consideration Sets in the National Health Service, American Economic Review 106 (11), 3521-3557

Notes PDF

Reading Lecture ZIP