Login
Student authentication

Is it the first time you are entering this system?
Use the following link to activate your id and create your password.
»  Create / Recover Password

LAW AND ECONOMICS

Regulation of Public Services

Syllabus

EN IT

Learning Objectives

KNOWLEDGE AND UNDERSTANDING:
At the end of the Course students should be able to understand and apply the logical approach of game theory and microeconomics to :
Study anticompetitive practices in oligopolies and the role of competition policy
Understand benefits and costs of Public Private Partnerships and the optimal design of public procurement
APPLYING KNOWLEDGE AND UNDERSTANDING:
At the end of the Course students should be able to apply the knowledge on anticompetitive practices and procurement of public services.

MAKING JUDGEMENTS:
At the end of the course students should be able to analyze market practices and understand the impact of different procurement instruments.

COMMUNICATION SKILLS:
At the end of the course students should be able to analyze marke

PAOLO BUCCIROSSI

Prerequisites

Microeconomics

Program

The course focuses on three main topics: the law and economics of antitrust policy and the economics of regulation.
All the topics will be studied from both a theoretical perspective and an applied one. Microeconomic theory models will be used to explain incentives of firms and politicians. Case studies will allow to understand real world applications.

Books

• Auriol, E., C. Crempes e A. Estaches, 2022. Regulating Public Services: Bridging the Gap between Theory and Practice. CAmbridge University Press.
• Motta M., Competition Policy. Theory and Practice, 2004 Cambridge, Cambridge Univ. Press.

Bibliography

• Auriol, E., C. Crempes e A. Estaches, 2022. Regulating Public Services: Bridging the Gap between Theory and Practice. CAmbridge University Press.
• Bailey, E. M., G. K. Leonard, G. S. Olley, and L. Wu, Merger Screens: Market Share-Based Approaches Versus “Upward Pricing Pressure”, The Antitrust Source, February 2010.
• Becker, GS., and GJ. Stigler (1974), Law enforcement, malfeasance, and compensation of enforcers, Journal of Legal Studies, Vol. 3, No 1, pp 1.18.
• Buccirossi P. and G. Spagnolo, Optimal Fines in the Era of Whistleblowers. Should Price Fixers still Go to Prison?, V. Goshal and J. Stennek (Eds.) The Political Economy of Antitrust, Amsterdam: Elsevier, 2007.
• Dufwenberg Martin and Giancarlo Spagnolo (2015), Volume53, Issue2, pp: 836-853.
• Lear, The cost of inappropriate interventions/non interventions under Article 82, A report prepared for the Office of Fair Trading, 2006, only chapter 2, available at http://www.learlab.com/publication/the-cost-of-inappropriate-interventionsnon-interventions-under-article-82/
• Motta M., Competition Policy. Theory and Practice, 2004 Cambridge, Cambridge Univ. Press.

Teaching methods

Traditional lectures, group discussions and group presentations

Exam Rules

written exam (70%) + group project (30%). The written exam is made of two essay-type questions. The student will be able to show he/she is able to identify and illustrate the theoretical arguments allowing the analysis of the issues in the questions, and formulate a valuation and/or a proposal about the regulatory and competition policies regarding the issues in the questions.



ALBERTO IOZZI

Exam Rules

written exam (70%) + group project (30%)