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ECON 651 Advanced Industrial Organization
Reading List
1. Firm demography
Caves, R.E. (1998), "Industrial organization and new findings on the turnover and mobility of firms", Journal of Economic Literature (36): 1947-1982.
Camerer, C. and Lovallo, D. (1999), "Overconfidence and excess entry: An experimental approach", American Economic Review (89): 306-318.
* Evans, D.S. and Jovanovic, B. (1989), "An estimated model of entrepreneurial choice under liquidity constraints", Journal of Political Economy (97): 808-827.
* Dunn, T. and Holtz-Eakin, D. (2000), "Financial capital, human capital, and the transition to self-employment: Evidence from intergenerational links", Journal of Labor Economics (18): 282-305.
Cressy, R. (1996), "Are business startups debt-rationed?", Economic Journal (106): 1253-1270.
* Cressy, R. (2000), "Credit rationing or entrepreneurial risk aversion? An alternative explanation for the Evans and
Jovanovic finding", Economics Letters (66): 235-240.
Jovanovich, B. (1982), "Selection and the evolution of industry", Econometrica (50): 649-670.
Hopenhayn, H.A. (1992), "Entry, exit, and firm dynamics in long run equilibrium", Econometrica (60): 1127-1150.
* Görg, H., Strobl, E. and Ruane, F. (2000), "Determinants of firm start-up size: An application of quantile regression for Ireland", Small Business Economics (14): 211-222.
* Audretsch, D.B., Santarelli, E. and Vivarelli, M. (1999), "Start-up size and industrial dynamics: Some evidence from Italian manufacturing", International Journal of Industrial Organization (17): 965–983.
* Segarra, A. and Callejon, M. (2002), "New firms’ survival and market turbulence: New evidence from Spain", Review of Industrial Organization (20): 1–14.
* Geroski, P.A., Mata, J. and Portugal, P. (2003), Founding conditions and the survival of new firms, Paper presented at the 30th Annual Conference of the European Association for Research in Industrial Economics, Helsinki, August 24-26.
* Santarelli, E. and Vivarelli, M. (2002), "Is subsidizing entry an optimal policy?", Industrial and Corporate Change (11): 39-52.
2. Market power, competition and welfare
Martin, S. (2002), Advanced Industrial Economics, Second Edition, Blackwell Publishers.
Geroski, P.A. (1988), "In pursuit of monopoly power: Recent quantitative work in industrial economics", Journal of Applied Econometrics (3): 107-123.
Chrinko, R.S. and Fazzari, S.M. (1994), "Economic fluctuations, market power, and returns to scale: Evidence from firm level data", Journal of Applied Econometrics (94): 47-69.
* Azzam, A.M. (1997), "Measuring market power and cost-efficiency effects of industrial concentration", Journal of Industrial Economics (45): 377-386.
Genesove, D. and Mullin, W.P. (1998), "Testing static oligopoly models: Conduct and cost in the sugar industry", 1890-1914", RAND Journal of Economics (29): 355-377.
* Yang, S.P. (2002), "Identifying a dominant firm’s market power among sellers of a homogenous product: An application to Alcoa", Applied Economics (34): 1411-1419.
Law, S.M. (1999), "Holding the line: the CRTC and the pricing of Canadian basic cable television services", Canadian Journal of Economics (32): 630-653.
* Rubinovitz, R.N. (1993), "Market power and price increases for basic cable service since deregulation", RAND Journal of Economics (24): 1-18.
Jaffe, A.B. and Kanter, D.M. (1990), "Market power for local cable television franchises: Evidence from the effects of deregulation", RAND Journal of Economics (21): 226-234.
* Madhavan, A.N., Masson, R.T. and Lesser, W.H. (1994), "Cooperation for monopolization? An empirical analysis of cartelization", Review of Economics and Statistics (76): 161-175.
Wolfram, C.D. (1999), "Measuring duopoly power in the British electricity spot market", American Economic Review (89): 805-826.
* Verboven, F. (1996), "International price discrimination in the European car market", RAND Journal of Economics (27): 240-268.
Siegfried, J.J., Blitz, R.C. and Round, D.K. (1995), "The limited role of market power in generating great fortunes in Great Britain, the United States, and Australia", Journal of Industrial Economics (43): 277-286.
3. Industrial policy
Westphal, L.E. (1990), "Industrial Policy in an Export Propelled Economy: Lessons from South Korea’s Experience", Journal of Economic Perspectives (4): 41-59.
Ades, A. and Di Tella, R. (1997), "National Champions and Corruption: Some Unpleasant Interventionist Arithmetic", Economic Journal (107): 1023-1042.
Navarro, L. (2003), Industrial Policy in the Economic Literature: Recent Theoretical Developments and Implications for EU Policy, Enterprise Papers No 12, European Commission Enterprise Directorate-General.
* Rodrik, D. (2004), Industrial Policy for the Twenty-First Century, unpublished paper, John F. Kennedy School of Government, Harvard University.
* Hausmann, R., Rodrik, D. and Velasco, A. (2005), Growth Diagnostics, unpublished paper, John F. Kennedy School of Government, Harvard University.
Taymaz, E. and Suiçmez, H. (2005), Türkiye’de Verimlilik, Büyüme ve Kriz, 4. Verimlilik Raporu, Ankara: MPM.
* DPT (2003), Türkiye Sanayi Politikası – AB Üyeliğine Doğru (Industrial Policy for Turkey – Towards EU Membership), Ankara: DPT.
DPT (2004), KOBİ Stratejisi ve Eylem Planı (SME Strategy and Action Plan), Ankara: DPT.
European Commission (2004), Fostering Structural Change: An Industrial Policy for an Enlarged Europe, COM(2004) 274 final, Brussels: EC.
* European Commission (2005), Implementing the Community Lisbon Programme: A policy Framework to Strengthen EU Manufacturing - Towards a More Integrated Approach for Industrial Policy, COM(2005) 474 final, Brussels: EC.