29265 - Economics of Competition

Course Unit Page

Academic Year 2018/2019

Learning outcomes

This course studies the economics of competition and antitrust. Particularly, students learn how to define a relevant market; how to measure the market power of a firm; what is collusion and how to prevent it; the assessment of market concentrations; how to deal with vertical integration; what are the most common practices of abuse of dominance and how to deal with them. At the end of the course, the student knows how to apply the most important models of industrial economics to antitrust cases, and knows how to use rigourous models in the analisis of competition policy issues.

Course contents

    1. Competition policy: goals and evolution
    2. Leveling the playing field: estimating demand and cost functions. Demand elasiticty
    3. Market power and efficiency
    4. The definition of the relevant market and the assessment of market power
    5. Horizontal agreements and collusion
    6. Horizontal mergers
    7. Verical agreements and vertical mergers
    8. Abuse of dominance and anticompetitive practices

Readings/Bibliography

Motta, M. (2004). Competition Policy. Theory and Practice. New York. Cambridge University Press.

Other materials and antitrust cases will be rendered available during the lectures and on the website

https://iol.unibo.it/course/view.php?id=22606

Teaching methods

Lectures and interactive discussions of antitrust cases in class.

Students are advised to read the material beforehand. The material pertaining to every single lecture is indicated in the detailed syllabus published in the website

https://iol.unibo.it/course/view.php?id=22606

at the beginning of the course.

Assessment methods

Students attending lectures:

  • Final written exam. The exam lasts 1 and 1/2 hours and consists of 8 questions on the whole program requiring a brief answer.
  • Presentation in class of and antitrust case, chosen with the help of the teacher by the end of the second week of the course. The presentation can be prepared in collaboration with another fellow student.

    The final written exam counts 60% of the total course grade. The presentation counts 40%.

    Students not attending lectures:

  • Final written exam. The exam lasts 2 hours and consists of 16 questions on the whole program requiring a brief answer.

Sample exams will be available, before the end of the lectures, in the website

https://iol.unibo.it/course/view.php?id=22606

Teaching tools

Slides and other materials might be available on the e-learning website.

Links to further information

https://iol.unibo.it/course/view.php?id=22606

Office hours

See the website of Emanuela Carbonara