MARKETS, REGULATIONS AND LAW
Instructional goals
Train students on the law and economics of antitrust and regulation
Intended learning outcomes
After studying this course, the student should be able to:
Demonstrate a critical understanding of the economic behavior of individual and collective agents.
Apply different theories of market structures and perspectives in market analysis.
Demonstrate a general knowledge of the origins, structure and functioning of legal systems.
Compare different legal systems and their development.
Demonstrate an awareness of the impact of law on markets and business performance.
Demonstrate a general knowledge of the main theories and types of economic regulation.
Identify, explain and critically assess key regulatory issues relevant to market and business practice in different industries.
Course Contents
Law and economics of antitrust and regulation; property rights, liability rules, commons, anticommons and semicommons; elements of liberalization and market regulation; cost-benefit analysis and regulatory impact assessment.
Reference Books
Teaching materials will be available on the Learn platform (http://learn.luiss.it ) at the outset of the course
Teaching Methods
Frontal teaching, interactive discussion, case studies, seminars
Assessment Method
Attending students: in-class group presentations (30%), intermediate evaluation test (30%), seminars participation (10%), and final written exam (30%).
Non-attending students: individual home assignment (60%), seminars participation (10%), and final written exam (30%).
Thesis assignment criteria
Relevance of the topic proposed
Does the syllabus cover sustainability topics?
No
Week 1 Contenuto sessioni on line e on campus
Regulation: rationales, aims, criteria and strategies. Market failures. Regulatory strategies. Economic theories of regulation.
Week 2 Contenuto sessioni on line e on campus
Basic economics of regulation. Network industries and the liberalization process: the Regulatory State. Price regulation.
Week 3 Contenuto sessioni on line e on campus
Principles of antitrust law and economics. Essential facility doctrine in EU and U.S..
Week 4 Contenuto sessioni on line e on campus
Two- and multi-sided markets. Regulation vs. antitrust
Week 5 Contenuto sessioni on line e on campus
Digital Markets Act and the regulation of online platforms
Week 6 Contenuto sessioni on line e on campus
The margin squeeze in EU and U.S.
Week 7 Contenuto sessioni on line e on campus
Sharing economy
Week 8 Contenuto sessioni on line e on campus
Regulation of the biopharmaceutical industry
Week 9 Contenuto sessioni on line e on campus
Telecommunications regulation
Week 10 Contenuto sessioni on line e on campus
Net neutrality and zero-rating offers
Week 11 Contenuto sessioni on line e on campus
Transport regulation: Airlines.
Week 12 Contenuto sessioni on line e on campus
Transport regulation: Railways.