CHAPTER 26 THE NEW DEAL: 1933-1941. The American Nation: A History of the United States, 13th edition Carnes/Garraty. THE HUNDRED DAYS. Financial panic prior to Franklin Roosevelt’s inauguration led states to declare “bank holidays” Four-fifths of states suspended all banking operationsBy Jims
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Pearson Workforce Education . Employer Hiring Trends: The Power of Labor Market Data and Other Best Practices in Navigating Today's Job Market. Presenters: Tom Darling National Director of Workforce Education, Pearson Workforce Education Laura Labovich
Industrial Organization. Vertical Issues. Vertical Structure. So far: firms sell directly to consumers In many cases:. c. Manufacturer (Upstream). P w. Retailer/Distributor (Downstream). P R. Demand: q=f(P R ). Vertical Structure. Why vertical separation? Efficiency:
Industrial Organization. Product Differentiation Empirical work. Announcements. Project 3 will be due on June 27 (next Thursday) We will work on it on Monday (and perhaps at the end of the day today). Differentiation: Empirical Work. Focus of empirical work: Market power: (P-MC)/P
Industrial Organization. Introduction. Day 1. Introduction – survey, getting to know each other What is this course about? How will this course work? Course Overview. Industrial Organization. Focus on supply and market power:
Industrial Organization. Assoc. Prof. Daniela Popova, PhD Autumn, 2012. What is industrial organization? Defining the concepts. Industrial organization is the field of economics that builds on the theory of the firm in examining the structure of, and boundaries between, firms and markets .
Industrial Organization. Collusion and Antitrust Policy. Collusion. Very important topic: Theory How can it be achieved? What factors affect collusion? Focus on implicit collusion Empirics/antitrust: How can it be detected? What factors contribute to collusion?
Industrial Organization. What is it? Why study it?. Competition. Assumptions Homogeneous Goods Perfect Information Price Taking No Transactions Costs No Externalities Free Entry and Exit Perfect divisibility of output Profit Maximization. Price Elasticity.
Industrial Organization. Econometric Identification. A central issue in IO. Estimate demand (and/or supply) parameters For example: 1/b is the price elasticity of demand. A common exercise is to infer market power using b , because:. Maybe unobservable. The Problem, more generally.
Industrial Organization. AG BM 102. Introduction. Willard’s Mistake Competitive Environment Relevant Market Market power Market structure – Market Conduct-Market performance.