This course is the cross listed from the Economics Department and is the same as G6253. It covers graduate-level research topics in industrial organization and organizational economics. While most of the content is theoretical, great emphasis is placed on the testable implications of the models we study. The course aims to bring students to the research frontier by identifying open research questions and highlighting particularly active research areas. The course is divided into three main sections:
- Agency: Career concerns; relational contracts.
- Firms: Transaction costs; hold-up problem; communication.
- Industry: Monopoly problem with rational and boundedly rational agents; vertical restraints; procurement.
Richard Paul Richman Professor of Business
Andrea Prat is Richard Paul Richman Professor of Business at the Graduate School of Business and Professor of Economics at the Department of Economics, Columbia University. After receiving his PhD in Economics from Stanford University in 1997, he taught at Tilburg University and the London School of Economics. He is the Chairman of the Editorial Board of the Review of Economic Studies and director of the...