PHDBA602 (Innovation Models)

PHDBA602 is a (for credit) Directed Studies course, that doctoral students can use to develop their own courses with a professor. This page provides information about a directed study course with Michael Katz on that centers around economic models of innovation.

Format

The format is:

• One, perhaps two, models per class
• One class per week, with a timeslot TBD.
• The student will write up the model ahead of time (on this wiki)
• The class will be used to:
  • Discuss intricacies of the model
  • Discuss modelling choices, with a view to helping the student understand how to build models
  • Place the model in the context of the broader literature

Papers

The following papers are currently being prepared:

• Reinganum, Jennifer F. (1989), "Chapter 14 The timing of innovation: Research, development, and diffusion", In: Richard Schmalensee and Robert Willig, Editor(s), Handbook of Industrial Organization, Elsevier, Volume 1, Pages 849-908. (pdf)
  • Lee, T. and L.L. Wilde (1980), "Market structure and innovation: A reformulation", Quarterly Journal of Economics, 94, pp. 429-436. (pdf)
  • Loury G.C.(1979), "Market structure and innovation", Quarterly Journal of Economics, 93, pp. 395-410. (pdf)
• Spence, Michael (1984), "Cost Reduction, Competition, and Industry Performance', Econometrica, Vol. 52, No. 1 (Jan.), pp. 101-122 (pdf)