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Instructors: Ajay Bhaskarabhatla (Erasmus-U.) & Chirantan Chatterjee (IIM-B)
Course Format& Objectives: The course will involve 10 sessions of 3 hours each, where instructors
will first expose students to theories &techniquesin empirical industrial organization (Einav & Levin,
2010, Caves 1998, Geroski, 1995, Bresnahan, 1989). Students will also be exposed to best practices
in data-management and handling techniques. Each session will be around a theme relevant to
application of empirical industrial organization techniques as applicable to research in strategy and
economics. Each session will also provide the students with toolkits and datasets to replicate/ideate
with new questions on the datasets provided. By the end of the course, students will have
developed working papers that they can take forward for publications in respected management
and economics journals.
Grading: Grading will be contingent on the final paper submitted and presentation based on the
findings in the paper on a scale of 0-100. The presentations will be organized during the last 2
sessions of the course, where students will first submit their papers apriori having picked up a theme
for their final submission. Student group sizes shall not be more than 2 per group.
Term Focus: The intended period for the course to run would be Term 5, Sept-Nov 2014.
Office Locations:Faculty Block A-102 (Ajay Bhaskarabhatlas office location TBA).
Email: bhaskarabhatla@ese.eur.nl&chirantan.chatterjee@iimb.ernet.in

Session 1. Introduction to the Seminar (AB+CC)

Sept 1st (11-1230pm & 4-


Goals, objectives, and grading for the Course

Using STATA, Organizing Data, Do Files, and Nested Do Files
Differences-in-Differences estimation as an identification strategy
STATA Demonstration: Bhaskarabhatla and Hegde. 2014. Organizational Perspective on
Patenting and Open Innovation. Organization Science. Forthcoming.
5. Readings on New Empirical IO:

Caves, R. E. (1998). Industrial organization and new findings on the turnover and mobility of firms. Journal of
Economic literature, 1947-1982.
Geroski, P. A. (1995). What do we know about entry?. International Journal of Industrial Organization, 13(4),
Einav, L., & Levin, J. D. (2010). Empirical industrial organization: A progress report (No. w15786). National
Bureau of Economic Research.
Bresnahan, T. F. (1989). Empirical studies of industries with market power. Handbook of industrial
organization, 2, 1011-1057.

Course Sessions include initials of respective instructors who shall be handling them. Also documents indicative days of classes and
sessions with a break in-between.

Session 2. Industry Dynamics (AB)

Sept 8th (11-1230pm & 4-530pm)

Data: Christensens Hard Disk Drive Industry Data will be provided by AB

Published Articles on the Data:
1. Christensen, Clayton M. The Rigid Disk Drive Industry, 1956-90: A History of Commercial
and Technological Turbulence," Business History Review 67(1993), 531-588.
2. Christensen, Clayton M., Fernando F. Surez, and James M. Utterback. Strategies for
Survival in Fast-changing Industries, Management Science 44(1998), S207-S220.
3. King, A. and Tucci, C. (2002). Incumbent Entry into New market Niches: The Role of
Experience and Managerial Choice in the Creation of Dynamic Capabilities. Management
Science 48(2): 171186.
4. Franco, A., Sarkar, M., Agarwal, R., Echambadi, R. 2009. Swift and Smart: The Moderating
Effects of Technological Capabilities on the Market Pioneering-Firm Survival Relationship.
Management Science 55(11), 1842-1860.

Session 3. Multiproduct Firms and Multimarket Contact (AB)

Sept 15th (11-1230pm & 4-530pm)

Data: US Airlines Industrydata will be provided by AB

Published Articles on the Data
1. Gimeno, J., & Woo, C. Y. 1996. Hypercompetition in a multi-market environment: The role of
strategic similarity and multi-market contact in competitive deescalation. Organization
Science, 7: 332341.
2. Prince, Jeffrey, and Daniel Simon. 2014. Do Incumbents Improve Service Quality in Response
to Entry? Evidence from Airlines On-Time Performance. Management Science. Forthcoming.
3. Prince, J., & Simon, D.H. 2009. Multimarket Contact and Service Quality: Evidence from OnTime Performance in the US Airline Industry. Academy of Management Journal. 52: 336-354.

Session 4. Patent and Inventor Data (AB)

Sept 22nd (11-1230pm & 4-530pm)

Data: US Patent and Inventor Data will be provided by AB

Published Articles on the Data:
1. Marx, Matt, Debra Strumsky, and Lee Fleming. Noncompetes and Inventor Mobility:
Specialists, Stars, and the Michigan Experiment, Management Science 55 (2009), 875-889.
2. Younge, K., and Marx M. (2013), The Value of Employee Retention: Evidence from a Natural
Experiment. Revise and resubmit - Journal of Economics & Management Strategy.

Session 5. Regulation and Firm Behavior (AB+CC)

Sept 29th (11-1230pm & 4-530pm)

Data. (Indian) Pharmaceutical Industry will be provided by AB+CC

Working papers on the Data:
1. Bhaskarabhatla, Ajay, and Chirantan Chatterjee. 2014. How Do Incumbents Respond to
Bottom of the Pyramid Firm Entry? Working Paper.
2. Bhaskarabhatla, Ajay, Chirantan Chatterjee, and Bas Karreman. 2014. Retail Union and
Regional First Mover Advantages. Working Paper.
3. Impact of the 2013 Drug Price Control Order

Session 6. Structural Demand Estimation & Strategic Management (CC) Oct 6th (230-530pm)
Data. (Indian) Pharmaceutical Industry
Published Articles on the Technique:
1. Berry, S. T. (1994). Estimating discrete-choice models of product differentiation. The RAND
Journal of Economics, 242-262.
2. Zhu, F., &Iansiti, M. (2012). Entry into platformbased markets. Strategic Management
Journal, 33(1), 88-106.
3. Alccer, J., Chung, W., Hawk, A., & Pacheco-de-Almeida, G. (2013). Applying Random
Coefficient Models to Strategy Research: Testing for Firm Heterogeneity, Predicting FirmSpecific Coefficients, and Estimating Strategy Trade-Offs. Harvard Business School Strategy
Unit Working Paper, (14-022)
Session 7. Peer Effects in Science, Innovation& Entrepreneurship (CC)

Oct 13th (230-530pm)

Data. Database on Cohorts of Students from Indian Academic Institutions (Other Datasets are
welcome) to be provided by CC
Published Articles on the Technique:
1. Waldinger, F. (2012). Peer effects in science: Evidence from the dismissal of scientists in Nazi
Germany. The Review of Economic Studies, 79(2), 838-861.
2. Nanda, R., & Srensen, J. B. (2010). Workplace peers and entrepreneurship. Management
Science, 56(7), 1116-1126.
3. Lerner, J., & Malmendier, U. (2011). With a little help from my (random) friends: Success and
failure in post-business school entrepreneurship (No. w16918). National Bureau of Economic
4. Arcidiacono, P., & Nicholson, S. (2005). Peer effects in medical school. Journal of Public
Economics, 89(2), 327-350.

Session 8. The Management & Economics of Science (CC)

Oct 20th (230-530pm)

Data.Scientist Publication Database on Statin-Research/Scientific Publications from Bangalore to be

provided by CC
Published Articles on the Techniques/Methods:
1. Stephan, P. E. (2010). The economics of science. Handbook of the economics of innovation,
1, 217-274.
2. Roach, M., & Sauermann, H. (2010). A taste for science? PhD scientists academic orientation
and self-selection into research careers in industry. Research Policy, 39(3), 422-434.
3. Azoulay, P., Furman, J. L., Krieger, J. L., & Murray, F. E. (2012). Retractions (No. w18499).
National Bureau of Economic Research.

Session 9.Organizing and Presenting Research Results

Oct 27th (230-530pm)

Students receive advice on how they can better document and communicate their results in the
term paper.

Session 10. Student Paper Presentations

Nov 3rd (230-530pm)

Participants in the course present their work to the congress of students and invited faculty.