21089 - THE MAKING AND ASSESSMENT OF POLICIES AND REGULATIONS - MODULE 2: IMPACT ASSESSMENT
Department of Economics
Course taught in English
MICHELE POLO
Suggested background knowledge
Mission & Content Summary
MISSION
CONTENT SUMMARY
Part I - Competition Policy
L1 - Introduction. Competition Policy: goals, instruments and norms
L2 - Market definition and the Assessment of Market Power
L3 - Agreements and collusion: coordination, monitoring and punishment
L4 - Factors and practices facilitating collusion
L5 - Cartel Prosecution and Leniency Programs, private enforcement
L6 - Horizontal Mergers: unilateral effects and efficiency gains
L7 - Horizontal mergers: the impact on innovation
L8 - Abuse of dominance: the identification of abusive practices
L9 - Abuse of dominance: predatory pricing, rebates, margin squeeze Case: Intel,
L10 - Abuse of dominance: tying, exclusive dealing Cases: Qualcom, Microsoft
L11 - Abuse of dominance: Vertical foreclosure Case: Google Shopping
Part 2 – Regulation
L12 - Regulation: optimal regulation and information rents
L13 - Rate of return and Price cap Regulation
L14 – Digital Markets: network effects, the role of data
L15 – Digital Markets: Market places and Attention Platforms
L16 - Digital Markets: Digital Market Act
Part 3 – Liberalization
L17 - Liberalization: Market design
L18 - Liberalization: Market design
L19 - Electricity
L20 - Electricity
L21 - Natural Gas
L22) - Natural Gas
L23 - Telecoms
L24 - Telecoms
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
- understand the logic and the tools adopted in competition policy case law and decisions
- understand the criteria to design a liberalization plan
- understand how the different policy tools (antitrust, regulation) should be assigned to the different market segments
- understand the specificities of the main public utilities exposed to liberalization plans (energy, telecoms, digital)
- understand the logic and the mechanisms adopted in the regulation of the natural monopoly segments
APPLYING KNOWLEDGE AND UNDERSTANDING
- offer an advise to defendants or plaintiffs on how to frame an antitrust case
- offer an advise on how to move from a general regulatory mechanism into the practical design of the scheme adopted
- offer an advise on how to design a liberalization plan, how to identify the relevant markets, how to promote more competition through entry and dismissal of assets
Teaching methods
- Lectures
- Guest speaker's talks (in class or in distance)
- Collaborative Works / Assignments
- Interaction/Gamification
DETAILS
- Guest speakers: offer the view of practitioners, including members of public authorities, consultancy firms and companies
- Collaborative works: form groups of students and assign the exposition and discussion on relevant cases
- Interaction/Gamification: the lectures' style will promote active participation and discussions
Assessment methods
| Continuous assessment | Partial exams | General exam | |
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x | x | |
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x | ||
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x |
ATTENDING STUDENTS
Written exam: this is the fundamental tool to assess students’ knowledge and understanding of the logic and tools adopted in competition policy case law and decisions, the criteria for designing liberalization plans, the allocation of antitrust and regulatory tools to different market segments, and the regulatory mechanisms adopted for natural monopoly segments.
Collaborative work and assignments: these activities assess attending students’ ability to apply the concepts and tools discussed in the course to antitrust cases and regulatory issues, including the framing of antitrust cases, the practical design of regulatory schemes, the design of liberalization plans, the identification of relevant markets, and the promotion of competition through entry and divestiture of assets. They also assess students’ ability to organize and present their analysis in a clear and structured way.
Active class participation: this component assesses students’ ability to actively contribute to class discussion through questions, comments and proposals, and to discuss competition policy and regulatory issues using the concepts and tools covered in the course.
NOT ATTENDING STUDENTS
Written exam: this is the fundamental tool to assess students’ knowledge and understanding of the logic and tools adopted in competition policy case law and decisions, the criteria for designing liberalization plans, the allocation of antitrust and regulatory tools to different market segments, and the regulatory mechanisms adopted for natural monopoly segments. The written exam is also intended to assess students’ ability to apply these concepts and tools to relevant policy and regulatory issues, including the framing of antitrust cases, the practical design of regulatory schemes, the design of liberalization plans, the identification of relevant markets, and the promotion of competition through entry and divestiture of assets.
Teaching materials
ATTENDING AND NOT ATTENDING STUDENTS
Motta Massimo - Competition Policy: Theory and Practice - Cambridge University Press
A reading list will be distributed