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Industrial organisation, competition policy and regulation

course

Aims of the course

- Provide students with contemporary microeconomic tools of partial equilibrium and game theory to analyse market structure and its determinants.
- Gain understanding of the influence of market size, technological characteristics, competition between firms and government intervention on firm behaviour and market performance in different industries.
- Gain understanding of conflict of interest between competitive firms and social welfare.
- Understanding the importance of economic regulation.
- Understanding how economic regulation is connected to market liberalisation.
- Gain knowledge of different methods of economic regulation and understanding motives of different shareholders.
- Understanding the impact of regulation on prices and returns of regulated firms.
- Students become acquainted with the role of the EU regulatory agencies.
- Students get insights in the regulation process of European and Slovenian public utilities

Course syllabus

1. Basic Models of Market Structure
1.1 Monopoly and Extensions
1.2 Static Models of Competition
1.3 Product Differentiation and Competition
1.4 Dynamic Models of Competition
2. Entry, Exit, and Strategic Commitment
3. Asymmetric Information and Predatory Conduct
4. R&D, Patents, and Technology
5. Competition Policy in Practice
6. Types of economic regulation and theories of economic regulation
6.1 Rationale for economic regulation
6.2 Price regulation: normative analysis of natural monopoly regulation – efficient prices
6.3 Economic regulation in practice: rate of return regulation and incentive based regulation
6.4 Regulation of quality
7. Benchmarking in regulation
8. Economics of environmental regulation: instruments and cases
9. Liberalisation and regulation of markets in the EU
9.1 Common principles
9.2 Regulation of selected industries (energy sector, electronic communications, etc.)

Course director(s)

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  • Office Hours
  • Wednesday at 14:30 in RZ-406
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  • Skype: saso.polanec 
  • Office Hours
  • Monday at 9:15 in RZ-206
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  • Office Hours
  • Thursday at 11:00 in R-309
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  • Office Hours
  • Friday at 13:00 in RZ-405
 
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