Industrial Organization PS #1
Due: Tue, Sep 24, 2013, 10pm, ONLINE ONLY!
submit only one single file
(Q1) Assume a firms marginal product of capital (MPK) is equal to 20. Its marginal
product of labor (MPL) is equal to 30 and the user cost of capital (r )
Industrial Organization
PS #2
Due on Wed, Oct 16, 10pm, ONLY ONLINE .
Note that can only submit one file and only once.
Once the file is submitted it cannot be recalled.
(1) A monopsonic Fast Food Chain exhibits a demand for labor given by w=210-3L,
where
Industrial Organization
PS #2
Due on Wed, Oct 16, 10pm, ONLY ONLINE .
Note that can only submit one file and only once.
Once the file is submitted it cannot be recalled.
(1) A monopsonic Fast Food Chain exhibits a demand for labor given by w=210-3L,
where
Industrial Organization
Problem Set #3
Due Monday, Oct 21, 1pm
Submit your Problem Online at NYU Classes
(1) Assume a time series regression analysis yields the following equation
Ln (P)
= 102.4
+ 0.34*ln
Industrial Organization
Problem Set #4
Due on Tue, Nov 19, 10pm ,only online at NYU Classes
(1) A shop is located in the middle of Main Street, which is one mile long. Marginal
transportation cost is given by t=$80 per mile round trip. The average product
Industrial Organization
PS #1, Due: Tue, Sep 24, 2013, ONLINE
(Q1) Assume a firms marginal product of capital (MPK) is equal to 20. Its marginal
product of labor (MPL) is equal to 30 and the user cost of capital (r ) is 15. The firm is
producing at its lo
Cournot Solution with many Firms and Horizontal Mergers
9.5. Cournot Solution with many Firms
Demand curve
= (
')* '
where qi is the output of the ith firm.
We assume that all firms are identical, producing identical goods with identical marginal cost c
Chapter 5: Price Discrimination and Monopoly: Linear Pricing
On almost all markets for good we observe some degree of price dispersion.
(example: wine)
why do price differentials exist?
what makes them sustainable?
5.1. Feasibility of Price Discrimination
Price Discrimination
First Degree Price Discrimination
each unit of a good sells for the respective consumers WTP (reservation price)
producer captures all consumer surplus
the idea of perfect price discrimination is rather theoretical
in reality we oft
Industrial Organization
Problem Set #3
Due Monday, Oct 21, 1pm
Submit your Problem Online at NYU Classes
(1) Assume a time series regression analysis yields the following equation
Ln (P)
= 102.4
+ 0.34*ln
PRODUCTION
A. Basics
Firm turn inputs into outputs
Inputs are
(1) labor (L)
(2) materials
(3) capital (K)
Production function Q=F(K,L) (we neglect materials)
Basic assumption: given technology
production function describes:
(1) what is technically feasibl
Wine Economics
Market Concentration
Deadweight Loss due to Monopoly Power
How do we measure concentration?
Most commonly used indices are the
four-firm-concentration ratio (CR4) and the
Herfindahl-Hirschman index (HHI)
For an industry with n firms that ar
Price Discrimination
First Degree Price Discrimination
each unit of a good sells for the respective consumers WTP (reservation price)
producer captures all consumer surplus
the idea of perfect price discrimination is rather theoretical
in reality we oft
The Cost of Production
A. Cost Definitions
(1) economic cost vs. accounting cost
when economists talk about cost they refer to economics cost, which also includes
opportunity cost (profit forgone). In contrast, accounting cost only refers to cost in the
s
Basics of Regression Analysis
Regression Analysis is aiming at quantifying a functional relationship between a
dependent variable (y) and one ore more independent variables (x). For instance,
assume the height
Industrial Organization
Karl Storchmann
Fall 2013
Tue & Thu, 3.30-4.45pm, SILV 408
Instructor: Karl Storchmann, email: [email protected]
Office Hours: Tue and Thu, 11am-12pm and by appointment
Office: Economics Dept, 19 W. 4th Street, 7FL, Rm 704
I.