Spring 2013

Schedule is tentative. Please check a week before lecture for updated reading list

Week 1
Jan 22 - Introduction: What is Information / What is Economics? [ppt]

Jan 24 - Why is Information Special? [ppt]
F. A. Hayek (1945). "The Use of Knowledge in Society," American Economic Review, 35(4), pp. 519-530. [pdf]

Week 2
Jan 29, 31 - Knowledge as a Factor for Growth [ppt]
Romer, David. Advanced Macroeconomics. New York: McGraw Hill, 2001. Chapter 1-1.5 Optional: 1.6-1.7 may be useful to those interested in data models. [pdf]
Brynjolfsson, Erik (1993). "The productivity paradox of information technology". Communications of the ACM 36 (12): 66–77. [pdf]

Week 3
Feb 5, 7 - Game Theory Review [ppt]
Mas-Colell, A., M. Whinston and J. Green (1995), Microeconomic Theory, Oxford University Press. Chapters 7 [pdf] and 8 [pdf], except 8.C and 8.F

Week 4
Feb 12, 14 - Information Goods [ppt]
Problem Set 1 due Thurs, Feb 14 [Solutions]
M. L. Katz, C. Shapiro. Network externalities, competition, and compatibility, The American economic review, 1985 [pdf]

Week 5
Feb 19, 21 - Beliefs about Nature [ppt]
Problem Set 2 due Thurs, Feb 21
Salop, S., Evaluating Uncertain Evidence with Sir Thomas Bayes: A Note for Teachers. Journal of Economic Perspectives, 1987. 1(1): p. 155-159. [pdf]
Wikipedia Article on Bayes' Theorem, Sections 1 and 2 [html]
Bikhchandani, Hirshleifer, and Welch. A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. The Journal of Political Economy, Volume 100, Issue 5, 992-1026 [pdf]
Optional: March, James, "Exploration and Exploitation in Organized Learning", Organization Science, Vol. 2 (1), 1991, 71-87

Week 6
Feb 26 - Hidden Qualities: Adverse Selection [ppt]
Akerlof, G. A. (1970). The market for lemons: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), 488-500. [pdf]
Problem Set 3 due Thurs, Feb 28 [Solutions]

Week 7
Mar 5, 7 - Hidden Qualities 2: Screening [ppt]
Problem Set 4 due Thurs, Mar 7
Optional: Mas-Colell, A., M. Whinston and J. Green (1995), Microeconomic Theory, Oxford University Press. Chapter 9 [pdf]

Week 8
Mar 12 - Hidden Qualities 3: Signaling [ppt]
Spence, M. Job Market Signalling. The Quarterly Journal of Economics (1973) 87 (3): 355-374. [pdf]
Mar 14 - Hidden Qualities 4: Moral Hazard [ppt]
Problem Set 5 due Thurs, Mar 14
Optional: Holmstrom, B., Moral Hazard & Observability. 1979, Bell Journal of Economics 10(1) pp 74-91. [pdf]
Optional: Stiglitz, J., Weiss, A. Credit Rationing in Markets with Imperfect Information. 1981, American Economic Review pp 393-410. [pdf]

Week 9
Mar 19, 21 - Mechanism Design Basics [ppt]
Problem Set 6 due Thurs, Mar 14
Parkes, D. Classic Mechanism Design. Iterative Combinatorial Auctions: Achieving Economic and Computational Efficiency. Ph.D. dissertation. 2001. [pdf]

Week 10
Mar 26, 28 - Spring Break

Week 11
Apr 2, 4 - Mechanism Design 2 and Auctions
Final Project Proposals due Thurs, Apr 4
Optional: Tanjim Hossain and John Morgan. "...Plus Shipping and Handling: Revenue (Non) Equivalence in Field Experiments on eBay" The B.E. Journal of Economic Analysis & Policy 6.2 (2007). [pdf]

Week 12
Apr 9, 11 - Connectivity and Capacity [ppt]
Problem Set 7 due Thurs, Apr 11
Joan Feigenbaum, Christos Papadimitriou, Rahul Sami, and Scott Shenker. "A BGP-based Mechanism for Lowest-Cost Routing," Distributed Computing 18 (2005), pp. 61-72. [pdf]
William Norton. Internet Service Providers and Peering. Dr. Peering White Paper. [html]
Optional: John Chuang. Loci of Competition for Future Internet Architectures. IEEE Communications Magazine, Special Issue on Future Internet Architectures: Design and Deployment Perspectives, July 2011. [pdf]
Optional: William Norton. The Art of Peering: The Peering Playbook [pdf]
Optional: Clark, D. D., Wroclawski, J., Sollins, K. R., and Braden, R. 2005. “Tussle in cyberspace: Defining tomorrow's Internet”. IEEE/ACM Trans. Netw. vol. 13, num. 3, Jun. 2005. [pdf]
Optional: Clark, D. D. “The design philosophy of the DARPA Internet Protocols”. SIGCOMM Comput. Commun. Rev. 25, no. 1, pp. 102-111, Jan. 1995. [pdf]

Week 13
Apr 16 - Creative Content [ppt]
Frost, R.L. Rearchitecting the music business: Mitigating music piracy by cutting out the record companies. First Monday , 12 (8). 2007. [html]
Optional: Martin Peitz and Patrick Waelbroeck. Why the Music Industry May Gain from Free Downloading - the Role of Sampling. International Journal of Industrial Organization 24, 907-913 (2006). [pdf]
Apr 18 - Network Neutrality [ppt]
Problem Set 8 due Thurs, Apr 18

Week 14
Apr 23 - Innovation [ppt]
Stephen M. Maurer and Suzanne Scotchmer. Procuring Knowledge, 2004. In Libecap, G., ed., Intellectual Property and Entrepreneurship: Advances in the Study of Entrepreneurship, Innovation and Growth, Vol 15, pp. 1-31. The Netherlands: JAI Press (Elsevier). [pdf]
Apr 25 - Evolution of Computer Networks [ppt]
P. Laskowski, J. Chuang. Network Monitors and Contracting Systems: Competition and Innovation. In Proceedings of ACM SIGCOMM, September 2006. [pdf]

Week 15
Apr 30, May 2 - Final Project Presentations