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A good revision of basic micro is strongly advisable(demand, costs, market behaviour especially oligopoly).
The objective of the course is to provide the necessary instrument to understand the competition policies. This will be done through a simple economic analysis of the firms’ strategies, starting from basic concepts of Microeconomics. The analysis will focus on general models of firms’ interaction (oligopoly), with particular focus on prices choices and deterrence strategies, product differentiation, advertising and the role of technology. A fundamental aspect will be how to operationally translate these concepts for competition authorities.
Competition policy and antitrust practice
1. Economics and Competition Policy (Microeconomics and Game Theory basic concepts) 2. Market power and social welfare 3. The definition of the relevant market and the assessment of market power. 4. Collusion and horizontal agreements 5. Horizontal mergers 6. vertical restraints and vertical mergers 7. Predation, Monopolization, and Other Abusive Practices. (Cases)
M. Motta (2004), Competition Policy, MIT Press, Cambridge Mass
Frontal teahing
Materials: - Textbook. - Slides. - Any additional material provided in class.
Written exam.
An in-depth analysis of the models presented in class can found in the following textbooks (optional):
- Luís Cabral, Introduction to Industrial Organization. - Pepall and Norman, Industrial Organization. Contemporary Theory and Empirical Applications.