14.271 Industrial Organization I (Fall 2022, MIT OCW). Instructor: Prof. Glenn Ellison. 14.271 is a PhD-level course in industrial organization, introducing students to the basic building blocks of the field and exposing them to a variety of techniques. It is designed to start the process of preparing economics PhD students to conduct thesis research in the area. It is also intended to be of interest to doctoral students working in other areas of economics and related fields. The course integrates theoretical models and empirical studies.
(from ocw.mit.edu)
Lecture 14 - Dynamic Competition, Part 1
Glenn Ellison covers dynamic competition, which is a style of competition that relies on innovation to produce new products and processes, which accompany substantial price reductions.