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*This page is in the [[BPP]] category[[Category:BPP]]
<big>'''Incentives and Organizations in Markets'''</big>
PHDBA 279B - Incentives and Organizations in Markets is a class offered to doctoral students at UC Berkeley, and is a field requirement for PhDs in BPP at the Haas School of Business. This page details the course as it was taught by John Morgan and Steve Tadelis in the Spring of 2010. The [http://faculty.haas.berkeley.edu/rjmorgan/phdba279b/ course webpage] provides the official requirements. The evaluation of the course is based on class participation and the presentation of two papers (50%) and one course paper (50%). The course paper must "use theory in a significant way", and should be of a quality such that with additional work and polishing it could be publishable. Specifically, students are expected to write down a model and work out at least one interesting result. Either numerical examples or special cases that could be generalized are acceptable.
==1st Half==
Main idea: This topic surveys a variety of consumer search models. The two principles play an important role in generalizing some of the findings. These models are cornerstones for modeling price competition.
*[[Baye Morgan Scholten (2006 ) - Information Search and Price Dispersion | Baye, Michael R., John Morgan, and Patrick Scholten (2006)]], "Information, Search, and Price Dispersion," Handbook of Economics and Information Systems (T. Hendershott, ed.), Elsevier Press, Amsterdam. [http://faculty.haas.berkeley.edu/rjmorgan/Information%20Search%20and%20Price%20Dispersion.pdf link] [http://www.edegan.com/pdfs/Baye%20Morgan%20Scholten%20(2006)%20-%20Information%20Search%20and%20Price%20Dispersion.pdf pdf]
*Baye, Michael R., John Morgan, and Patrick Scholten (2004), "Price Dispersion in the Large and in the Small: Evidence from an Internet Price Comparison Site", Journal of Industrial Economics, December, 52(4): 463-96. [http://faculty.haas.berkeley.edu/rjmorgan/Small&Large.pdf link] [http://www.edegan.com/pdfs/Baye%20Morgan%20Scholten%20(2004)%20-%20Price%20Dispersion%20in%20the%20Large%20and%20in%20the%20Small.pdf pdf]
*[[Hart Moore (1988) - Incomplete Contracts And Renegotiation |Hart, Oliver and John Moore (1988)]], "Incomplete Contracts and Renegotiation", Econometrica, Vol. 56, No. 4. (Jul.), pp. 755-785. [http://links.jstor.org/sici?sici=0012-9682%28198807%2956%3A4%3C755%3AICAR%3E2.0.CO%3B2-I link] [http://www.edegan.com/pdfs/Hart%20Moore%20(1988)%20-%20Incomplete%20Contracts%20and%20Renegotiation.pdf pdf]
*[[Aghion Dewatripont Rey (1994) - Renegotiation Design With Unverifiable Information |Aghion, Philippe, Mathias Dewatripont, and Patrick Rey (1994)]], "Renegotiation Design with Unverifiable Information", Econometrica, Vol. 62, No. 2. (Mar.), pp. 257-282. [http://links.jstor.org/sici?sici=0012-9682%28199403%2962%3A2%3C257%3ARDWUI%3E2.0.CO%3B2-G link] [http://www.edegan.com/pdfs/Aghion%20Dewatripont%20Rey%20(1994)%20-%20Renegotiation%20Design%20with%20Unverifiable%20Information.pdf pdf]
===Class Notes===
The following class notes are available from previous years:
*[http://www.edegan.com/repository/PHDBA279B-Notes1-Introduction.pdf Introduction]
*[http://www.edegan.com/repository/PHDBA279B-Notes2-Auctions.pdf Auctions]
*[http://www.edegan.com/repository/PHDBA279B-Notes3-AdverseSelection.pdf Adverse Selection]
*[http://www.edegan.com/repository/PHDBA279B-Notes4-Contests.pdf Contests]
*[http://www.edegan.com/repository/PHDBA279B-Notes5-CostlessSignaling.pdf Costless Signalling]
==2nd Half==
The second half was taught by Steve Tadelis ([mailto:stadelis@haas.berkeley.edu email] and [http://www2.haas.berkeley.edu/Faculty/tadelis_steven.aspx website]).The following lecture notes may be of use:*Tadelis, Steve (2007), "Topics in Contracts and Organizations: Lecture Notes", UC Berkeley, September [http://www.edegan.com/repository/Tadelis%20(2007)%20-%20Topics%20in%20Contracts%20and%20Organizations%20Lecture%20Notes.pdf pdf] [http://www.edegan.com/repository/Tadelis%20(2007)%20-%20Topics%20in%20Contracts%20and%20Organizations%20Lecture%20Notes.tex tex]*Tadelis, Steve and Ilya Segal (2005), "Lectures in Contract Theory", UC Berkeley and Stanford University, December [http://www.edegan.com/repository/Tadelis%20Segal%20(2005)%20-%20Lectures%20in%20Contract%20Theory.pdf pdf]
===Paper List===
The paper list by class number and sub-section is as follows, with '''required readings in bold''':
Class 5.) '''Reputational Incentives cont.''' (4/27/10)
*[[Mcdevitt (2010) - Names And Reputations An Empirical Analysis |'''McDevitt, Ryan (2010)''' ]], "Names and Reputations: An Empirical Analysis," mimeo, northwestern university [http://www.edegan.com/pdfs/McDevitt%20(2010)%20-%20Names%20and%20Reputations%20An%20Empirical%20Analysis.pdf not available at this timepdf]*[[Mcdevitt (2010) - A Business By Any Other Name Firm Name Choice As A Signal Of Firm Quality |*'''McDevitt, Ryan (2010)''' ]], "A Business by Any Other Name: Firm Name Choice as a Signal of Firm Quality.," mimeo, northwestern university [http://www.edegan.com/pdfs/McDevitt%20(2010)%20-%20A%20Business%20by%20Any%20Other%20Name%20Firm%20Name%20Choice%20as%20a%20Signal%20of%20Firm%20Quality.pdf not available at this time) pdf]
*Hubbard, Thomas (2002) "How Do Consumers Motivate Experts? Reputational Incentives in an Auto Repair Market," Journal of Law and Economics, October 2002, 437-468. (Supplemental Reading) [http://www.edegan.com/pdfs/Hubbard%20(2002)%20-%20How%20Do%20Consumers%20Motivate%20Experts.pdf pdf]
*Resnick, Paul, Richard Zeckhauser, John Swanson, and Kate Lockwood (2006) "The Value of Reputation on eBay: A Controlled Experiment," Experimental Economics, Volume 9, Number 2 (Supplemental Reading) [http://www.edegan.com/pdfs/Resnick%20Zeckhauser%20Swanson%20Lockwood%20(2006)%20-%20The%20Value%20of%20Reputation%20on%20eBay.pdf pdf]
Class 6.) '''Procurement Theory''' (5/4/10)
*[[Levin Tadelis (2008) - Contracting For Government Services |'''Levin, Jonathan and Steven Tadelis (2008)''']], "Contracting for Government Services: Theory and Evidence from U.S. Cities," forthcoming, Journal of Industrial Economics. [http://www.edegan.com/pdfs/Levin%20Tadelis%20(2008)%20-%20Contracting%20for%20Government%20Services.pdf pdf] [http://www.edegan.com/repository/Levin%20Tadelis%20(2008)%20-%20Contracting%20for%20Government%20Services%20Class%20Slides.pdf Class Slides]
*[[Williamson (1971) - The Vertical Integration Of Production |'''Williamson, Oliver E. (1971)''']], "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61:112-23. [http://www.edegan.com/pdfs/Williamson%20(1971)%20-%20The%20Vertical%20Integration%20of%20Production.pdf pdf]
*[[Goldberg (1977) - Competitive Bidding And The Production Of Precontract Information |'''Goldberg, Victor P. (1977)''']], "Competitive Bidding and the Production of Precontract Information," Bell Journal of Economics, 8:250-261 [http://www.edegan.com/pdfs/Goldberg%20(1977)%20-%20Competitive%20Bidding%20and%20the%20Production%20of%20Precontract%20Information.pdf pdf]
*[[Banerjee Duflo (2000) - Reputation Effects And The Limits Of Contracting |'''Banerjee, A. and Duflo E. (2000)''']], "Reputation Effects and the Limits of Contracting: A Study of the Indian Software Industry," Quarterly Journal of Economics, 115:989-1018. [http://www.edegan.com/pdfs/Banerjee%20Duflo%20(2000)%20-%20Reputation%20Effects%20and%20the%20Limits%20of%20Contracting.pdf pdf]
*[[Forbes Lederman (2009) - Adaptation And Vertical Integration In The Airline Industry |'''Forbes, Silke J. and Mara Lederman, (2009)''']], "Adaptation and Vertical Integration in the Airline Industry," American Economic Review, forthcoming. [http://www.edegan.com/pdfs/Forbes%20Lederman%20(2009)%20-%20Adaptation%20and%20Vertical%20Integration%20in%20the%20Airline%20Industry.pdf pdf]
*Forbes, Silke J. and Mara Lederman, (2010) "The Performance Implications of Vertical Integration: Evidence from the Airline Industry," mimeo. (Supplemental Reading) [http://www.edegan.com/pdfs/Forbes%20Lederman%20(2010)%20-%20The%20Performance%20Implications%20of%20Vertical%20Integration.pdf not available at this time) pdf]
*Bajari, Patrick, Stephanie Houghton and Steven Tadelis (2010) "Bidding for Incomplete Contracts: An Empirical Analysis," mimeo (Supplemental Reading) [http://www.edegan.com/pdfs/Bajari%20Houghton%20Tadelis%20(2010)%20-%20Bidding%20for%20Incomplete%20Contracts.pdf pdf]
*Corts, Kenneth and Jasjit Singh (2004) "The Effect of Repeated Interaction on Contract Choice: Evidence from Offshore Drilling," Journal of Law, Economics and Organizations 20:230-260. (Supplemental Reading) [http://www.edegan.com/pdfs/Corts%20Singh%20(2004)%20-%20The%20Effect%20of%20Repeated%20Interaction%20on%20Contract%20Choice.pdf pdf]
*Bajari, Patrick, Robert McMillan and Steven Tadelis (2009) "Auctions versus Negotiations in Procurement: An Empirical Analysis," Journal of Law, Economics and Organization 25:372-399 (Supplemental Reading) [http://www.edegan.com/pdfs/Bajari%20McMillan%20Tadelis%20(2009)%20-%20Auctions%20versus%20Negotiations%20in%20Procurement.pdf pdf]
