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KAFP 3855 - Economics of Regulation and Competition

Type d'enseignement : Lecture alone

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

None

Course Description

This course provides a comprehensive presentation of competition policy and regulation. It draws on the literature on the economics and law of antitrust and regulation to present in detail some major cases of cartels, abuses of dominant positions and mergers. It also presents tools of market regulation. Empirical techniques, theoretical models and cases are discussed to explain the economics of competition and regulation.

Teachers

CHAPSAL, Antoine F. (Economist, MAPP)

Pedagogical format

The course will mainly consist in lessons. Students need to participate by asking and answering questions. One or two guest teachers (enforcers, head of competition global practices) are likely to participate to share their experience.

Course validation

Exam (40% of the grade): Student will have a 3-hour examination at the end of the semester. The exam will consist in basic open questions that will require short answers. Final paper (40% of the grade): Groups of 2 or 3 students will have to write a 10-page final paper presenting the economic study they would perform to analyse a specific case. Participation and (one or two) multiple choice tests (20% of the grade): Students will have to participate during the lectures.

Workload

Students have to read the lecture notes sent in advance as well as other reading material (European Commission's decisions and guidelines, articles, etc.).

Required reading

  • Armstrong (Mark), and Sappington (David), Recent Developments in the Theory of Regulation, in Handbook of Industrial Organization, North Holland, 2007
  • Kovacic (William), and Shapiro (Carl). Antitrust Policy: A Century of Economic and Legal Thinking, Journal of Economic Perspectives, Volume 14, Number 1, 2000
  • Crandall (Robert) and Winston (Clifford), Does Antitrust Policy Improve Consumer Welfare? Assessing the Evidence, Journal of Economic Perspectives, Volume 17, Number 4, 2003
  • Baker (Jonathan), The Case for Antitrust Enforcement, Journal of Economic Perspectives, Volume 17, Number 4, 2003

Additional required reading

Massimo (Motta), Competition Policy: Theory and practice, Cambridge University Press, 2004