23690 - Economics of Regulation

Academic Year 2021/2022

Learning outcomes

The course deals with the economic and legal analysis of regulation in areas with significant allocative problems due to asymmetric information.The analysis of cases focuses on professional services.

Course contents

Economic and legal analysis of regulation
Market failures in trust (fiduciary) services

Private remedies: contract and liability rules

Public remedies: various approaches to regulation

Comparative analysis of regulatory approaches

Deregulation and pro-market reforms

Readings/Bibliography

The reading list and the slides are available on Virtuale.

Teaching methods

Classes and discussions.

Assessment methods

Students regularly attending the lectures can take the exam discussing a presentation on one of the themes dealt with during the course. Those who do not choose to give the presentation have to take a written test to assess their ability to critically evaluate some of the themes discussed during the course. In the written test, students are given outlines to develop short essays in two hours. Students can choose the approach that is more coherent with their own background. However, they are expected to address the proposed themes with a good level of rigour and appropriateness and to take into consideration the interdisciplinary nature ot the issues at stake. Evaluations for the final grade: Sufficient preparation only on a few questions, limited ability to perform a critical analysis of the literature, fairly appropriate technical language → 18-19; Fairly good preparation on most questions, good ability to perform a critical analysis of the literature, appropriate technical language → 20-24; Good preparation on all questions, very good ability to perform a critical analysis of the literature, good mastery of technical language → 25-29; Exhaustive preparation on all questions, very good ability to perform a critical analysis of the literature and to develop connections between references, full mastery of the technical language → 30-30L.

Teaching tools

Video projector.

Office hours

See the website of Gianluca Fiorentini

SDGs

Decent work and economic growth Reduced inequalities Responsible consumption and production

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.