MARKETS, REGULATIONS AND LAW

MARKETS, REGULATIONS AND LAW

Giuseppe Colangelo

Obiettivi formativi

Train students on the law and economics of antitrust and regulation

Risultati di apprendimento attesi

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.

Contenuti Del Corso

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.

Testi Di Riferimento

Teaching materials will be available on the Learn platform (http://learn.luiss.it ) at the outset of the course

Metodologie Didattiche

Frontal teaching, interactive discussion, case studies, seminars

Modalità di verifica dell'apprendimento

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%).

Criteri per l’assegnazione dell’elaborato finale

Relevance of the topic proposed

Il syllabus affronta temi collegati alla sostenibilità?

No

Settimana 1

Regulation: rationales, aims, criteria and strategies. Market failures. Regulatory strategies. Economic theories of regulation.

Settimana 2

Basic economics of regulation. Network industries and the liberalization process: the Regulatory State. Price regulation.

Settimana 3

Principles of antitrust law and economics. Essential facility doctrine in EU and U.S..

Settimana 4

Two- and multi-sided markets. Regulation vs. antitrust

Settimana 5

Digital Markets Act and the regulation of online platforms

Settimana 6

The margin squeeze in EU and U.S.

Settimana 7

Sharing economy

Settimana 8

Regulation of the biopharmaceutical industry

Settimana 9

Telecommunications regulation

Settimana 10

Net neutrality and zero-rating offers

Settimana 11

Transport regulation: Airlines.

Settimana 12

Transport regulation: Railways.