71101 - Market Regulation and Public Choice

Academic Year 2012/2013

Course contents

1) Market failures.

2) Natural monopoly

3) Public utilities and prices
i) Hotelling's marginal cost rule;
ii) Price discrimination;
iii) the Ramsey-Boiteaux prices;

4) Traditional theory of regulation
i) The rate of return
ii) The price cap

5) Asymmetric information and regulation of public utilities: recent advances.

Readings/Bibliography

Artoni, R. (2010). Elementi di Scienza delle Finanze (VI Edizione), Il Mulino, Bologna, Cap. X.

Bosi, P. (2012), Corso di Scienza delle Finanze (VI Edizione), Il Mulino, Bologna, Cap. VII.

Muraro, G. e Valbonesi P. (2003), I Servizi Idrici tra Mercato e Regole, Carocci, Cap. IV.

Assessment methods

Written exam + essay

Office hours

See the website of Emanuela Randon

See the website of Guido Candela