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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Objectives
Contents 1. The Italian and the European antitrust laws.
2. Static and dynamic characteristics of imperfectly competitive market structures.
3. The relevant market and the abuse of the dominant position.
4. Collusion.
5. Abusive and exclusionary behaviours.
6. Hints of economic regulation.
Extended Syllabus 1. Introduction, (i): what antitrust policy is about; the differences between antitrust and economic regulation
2. Introduction, (ii): market power and social welfare. Allocative, production and dynamic efficiency
3. Quantitative issues: how to define the relevant market and how to measure market power
4. Horizontal agreements: collusion, tools for its identification and prevention; pro-competitive horizontal agreements, joint-ventures in R&D, “standard-setting organizations” and “licensing pools”
5. Horizontal concentrations: trade-off between efficiency and market power
6. Vertical agreements and concentrations
7. Price disciìrimination and the objective of market integration in the EU law;
8. Abusive practices:
8.1. Exclusive contracts;
8.2. Discriminatory practices;
8.3. Predatory pricing;
8.4. “Tying” and “bundling”;
8.5. “Price squeeze”, “refusal to deal” and interoperability;
8.6. Excessive pricing.
Recommended Bibliography Motta, M. e M. Polo (2005), Anttrust. Economia e Politica della Concorrenza, ed. Il Mulino, Bologna. Possible other teaching materials will be distributed during class.
Methods of Provision
Teaching Methods Frontal classes and case studies.Frontal classes will revolve around the theoretical topics and will be held by the teacher, with the occasional participation of business experts. Case studies will be discussed by groups of maximum 5/6 students, in order for them to develop the ability to apply the acquired knowledge to real settings as well as to properly communicate/present the results of their work. Attendance is on a voluntary basis, but it is strongly encouraged. Only pupils attending classes can participate into group works.
Evaluation methods Verification of learning:
Final examination: OralModalities for learning verification: learning verification is based on an oral examination, through 2/3 questions aimed at assessing students’ knowledge of the teaching material, independence and communication skills. Particular attention will be paid to the appropriateness of the language used, the ability to connect several topics and critically conduct a dialogue on the topics proposed by the teacher. The final grade is based on a 30-point scale. In case of students that have participated in group works, the verification will also concern the presentation of the work.
Contacts/More Information