(4 units)
Autumn 2009-10
Description:
This course aims to give students an introduction to the competition
policy under diverse market structure. The debate on competition
policy revolves around defining the relevant market and measuring
the market power. We will learn necessary tools to gauge market
power. We shall also use extremely simple economics concepts and
economic models to analyze important competition policy issues
such as collusion, mergers, and abusive dominant (exclusionary)
practices. The material we are going to deal with makes use of
elementary game theory and microeconomics concepts. The review
of historical anti-trust cases filed both in the US and Europe will give
a practical perspective on competition policy issues.
Course Objectives:
The objective of the course is to make the students aware of the
basic concepts and literature on competition policy. The course also
seeks to lay essential foundations for those who want to pursue
graduate studies in Industrial Organization.
Prerequisites:
Microeconomics II
Evaluation:
Quizzes 10% (two announced quizzes)
Midterm 30%
Final Exam 40%
Assignments 10%
Research Paper 10% (A group of three students will be
assigned a research topic to write a
critical review of at least three research
articles.)
Required Text:
Motta, Massimo (2004). Competition Policy: Theory and Practice.
Cambridge University Press, USA. (MM)
1
Elhauge, Einer and Damien Geradin (2007). Global Competition Law
and Economics. Hart Publishing. GCLE
Course Contents:
2
price Monopolization practices Bundling. Special topics: Competition issues in
Network Industries and Two-sided markets