Course teached as: B019170 - COMPETITION AND REGULATION IN THE EU Second Cycle Degree in INTERNATIONAL RELATIONS AND EUROPEAN STUDIES
Teaching Language
English
Learning Objectives
The aim of the course is to put the students in the position to evaluate and understand the economic rationale of most recent reforms of infrastructure, utilities and transport sectors in the EU.
A thorough knowledge of these policies is essential for anyone willing to work within the EU Commission, a natural target for a graduate in International Relations and EU Studies.
1.8 Oligopoly
- [BB4: ch. 13.1 – 13.4 pp. 528-551]
2.Competition Policy
Main text book: Massimo Motta (2004), Competition Policy, Cambridge University Press Chapts. 1-4 (As a general rule advanced material are not required unless otherwise stated)
2.1. Competition Policy in the EU
-Massimo Motta (2004), Competition Policy, Cambridge University Press: Chapt. 1
2.2. Market power and welfare
-Massimo Motta (2004), Competition Policy, Cambridge University Press: Chapt. 2
Note: Advanced Material (shaded): only sect. 2.3.5.2 and 2.4.3.1.
2.3. Market definition
Massimo Motta (2004), Competition Policy, Cambridge University Press: Chapter 3.
Note: Advanced Material: only section 3.3.1.6
2.4. Collusion
-Massimo Motta (2004), Competition Policy, Cambridge University Press: Chapter 4
Note: Advanced material: only section 4.2.5.1.
3. Regulation
Main textbook: Viscusi, Harrington, Vernon ‘Economics of Regulation and Antitrust' The MIT Press (Chapts. 11, 12 , 14, 19)
3.1. Natural Monopoly
- Viscusi, Harrington, Vernon ‘Economics of Regulation and Antitrust' The MIT Press (2005, chapter 11);
3.2. RoR and the cost of capital:
-Viscusi, Harrington, Vernon ‘Economics of Regulation and Antitrust' The MIT Press (2005, chap.12)
3.3. Market design and liberalization
- OECD ‘Restructuring utilities for competition pp.1-27 http://www.oecd.org/dataoecd/6/60/19635977.pdf
3.4. Price cap regulation
-Mark Amstrong, Simon Cowan & John Vickers (1994). Regulatory Reform: Economic Analysis and British Experience. MIT Press. Chapter 6.
3.5. Public Firms and Privatization
- Viscusi, Harrington, Vernon, ‘Economics of Regulation and Antitrust' The MIT Press (2005, chapter 14)
3.6. Social regulation, Regulatory Impact Assessment, Administrative Burdens in the EU
- Viscusi, Harrington, Vernon, ‘Economics of Regulation and Antitrust' The MIT Press (2005, chapter 19)
- EU Commission (2009) ‘Guidelines on Impact assessment' http://ec.europa.eu/governance/impact/commission_guidelines/docs/iag_2009_en.pdf
- EU Commission (2009) Annexes to Impact assessment guidelines http://ec.europa.eu/governance/impact/commission_guidelines/docs/iag_2009_annex_en.pdf
- International Standard Cost Model Manual http://www.oecd.org/dataoecd/32/54/34227698.pdf
Suggested readings
- Microeconomics, David Besanko, Ronald Braeutigam. 4th ed. (BB4) selected chapters
- Massimo Motta (2004), Competition Policy, Cambridge University Press: Chapt. 1, 2, 3, 4;
- Viscusi, Harrington, Vernon ‘Economics of Regulation and Antitrust’ The MIT Press, chapt 11, 12, 14, 19)
Further materials are in the section on extended program.