This course provides a comprehensive and applied introduction to antitrust economics. We will use basic economic models and thoughts to understand the foundation and practical application of the current regulatory framework towards antitrust. As such, we will also study the theoretic and quantitative tools used for the investigation of mergers, price fixings, vertical restraints and the abuse of dominance. Students are advised to bring along familiarity with the principles of microeconomics, industrial organization, and game theory.
M. Motta, Competition Policy: Theory and Practice, Cambridge University Press, New York, USA, 2004.
P. Buccirossi (Editor), Handbook of Antitrust Economics, The MIT Press Cambridge, Massachusetts, London, England, 2008.
W. Kip Viscusi, J. M. Vernon, and J. E. Harrington, Economics of Regulation and Antitrust, The MIT Press Cambridge, Massachusetts, London, England, 2005 (4th edition) or 2000 (3rd edition).
100% final exam.