Checking date: 21/12/2021


Course: 2022/2023

Regulation and competition policy
(13667)
Study: Bachelor in Economics (202)


Coordinating teacher: SIOTIS , GEORGIOS

Department assigned to the subject: Department of Economics

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Requirements (Subjects that are assumed to be known)
Industrial Organization Game Theory
Objectives
Through this course, the student will learn the principles and mechanisms that govern regulatory intervention and antitrust policies. To achieve this objective, the student must acquire knowledge and skills. With regard to content, at the end of the course the student will be able to: - Identify market failures and structural characteristics that motivate regulatory intervention. - Understand the design of regulatory mechanisms. - Identify the trade-off between maximizing productive efficiency and minimizing income in the presence of asymmetric information. - Understand the concepts of collusion, collective dominance, and individual dominance position. - Define the relevant market in order to carry out a competitive analysis. - Be familiar with the European legal and institutional framework applicable to competition (Art. 81 & 82, Merger regulations, state aid) - Understand the trade-off between efficiency gains and the creation of market power. The skills that the student will acquire at the end of the course are of two types: specific capacities and generic skills. As specific abilities, the student will be able to: - Analyze sector experiences and propose regulatory solutions to real problems. - Obtain information on legislation and real cases, both European and national. As general skills, the student will learn to: - Solve complex problems from an analytical point of view. - Search, communicate relevant information in an analysis or decision-making process. - Apply multidisciplinary knowledge to the resolution of a specific problem. - Work as a team and distribute the workload to face complex problems. Regarding attitudes, the student should acquire: - A critical attitude regarding regulatory intervention and competition policy. - An attitude of collaboration and teamwork.
Skills and learning outcomes
Description of contents: programme
This is a basic introductory course on competition regulation and policy. The program is divided into two parts: PART I: REGULATION I.1: Introduction: the need for regulation; regulatory instruments. I.2. Regulation in the presence of complete information. Regulation of a Natural Monopoly. I.3. Regulation in the presence of asymmetric information. I.4. Sectorial analysis. PART II: COMPETITION POLICY II.1: Legal framework: conduct control, structure control and state aid. II.2: Theoretical models. Incentives for horizontal mergers, equilibrium condition to sustain collusion, incentives for vertical integration (elimination of double marginalization, specific investments), and predation. II.3: Analysis of real competition cases, both national and European.
Learning activities and methodology
The teaching methodology consists of: (1) Lectures, where the knowledge that students must acquire will be presented. To facilitate their development, students will have at their disposal the teaching material (slides, texts, and cases on the website of the course). (2) Discussion of real cases that the teacher will facilitate at the beginning of each topic. These cases will be related to the teaching material taught as well as the specific skills that the students must develop. (3) Classes in computer classrooms where you will learn to search for information, both in databases and in specialized Web pages. (4) Resolution of exercises by the student that will help them to self-assess their knowledge and acquire the necessary skills. (5) Sharing of the answers to the exercises and joint correction that should serve to consolidate knowledge and develop the ability to analyze and communicate relevant information for problem solving. In addition, the sharing will favor the exchange of critical opinions both between teacher and students and between students.
Assessment System
  • % end-of-term-examination 50
  • % of continuous assessment (assigments, laboratory, practicals...) 50
Calendar of Continuous assessment
Basic Bibliography
  • Motta, . M. (2003). Competition Policy: Theory and Practice,. Cambridge University Press.
  • J. Church y R. Ware . Industrial Organisation: A Strategic Approach,. McGraw-Hill . 2000
  • Lyons, B. . The Economic Analysis Cases in European Competition Policy . Cambridge University Press. 2009
  • Viscusi, W. . et al. (2005). Economics of Regulation and Antitrust, . MIT Press.
Recursos electrónicosElectronic Resources *
Additional Bibliography
  • Buccirossi,. P. et al. (2008) . Handbook of Antitrust Economics, . MIT Press
  • Joskow,. P. (2005) . Regulation of Natural Monopolies, . MIT
  • Tirole, . J. (1988) . Teoría de la Organización Industrial, . Editorial Alianza
  • Whinston,. M. (2006) . Lectures on Antitrust Economics,. MIT Press
Detailed subject contents or complementary information about assessment system of B.T.
(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN


The course syllabus may change due academic events or other reasons.


More information: https://sites.google.com/site/regulacionycompetencia/p%C3%A1gina-principal