ISCTE-IUL > Education > MC , ME , MEEC , MG , MGRHCO

Competition Policy and Regulation (2 º Sem 2018/2019)

Code:	M8662
Acronym:	M8662
Level:	2nd Cycle
Basic:	No
Teaching Language(s):	Portuguese
Friendly languages:

Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.

Semester	ECTS Credits	Theoretical Lesson (T)	Theoretical and Pratical Lesson (TP)	Practical and laboratorial lesson (PL)	Seminary (S)	Field Work (TC)	Training Period (E)	Tutorial Orientation (OT)	Contact Hours	Autonomous Work	Others (O)	Total Load Hours [?]Contact Hours + Autonomous Work
1	6.0	0.0 h/sem	26.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	1.0 h/sem	27.0 h/sem	123.0 h/sem	0.0 h/sem	150.0 h/sem


Since year	2018/2019
Pre-requisites	None
Objectives	The main goals of this unit are: - to present a theoretical framework, using economic concepts, for competition and regulation policies - to introduce students to Portuguese institutions, and European institutions whenever relevant, in this area and specific examples of sectoral regulation
Program	1. Economic Theory and Competition as a Public Good: market power, regulation and efficiency 2. Competition Law and Policy: its goals and limits 3. Supervision over agreements between firms, decisions of association between firms, concerted practices 4. Supervision over abuses of dominant position 5. Control over mergers, acquisitions and joint ventures. 6. European Union control over State Aid 7. Why regulating Public Utilities 8. Cost Plus and Incentive Regulation approaches 9. Alternative regulation approaches under imperfect information context 10. Pricing structures in regulated industries
Evaluation Method	Students can choose between two assessment alternatives: (A) written exam (100%); or (B) Written exam (50%) and individual essay on competition or regulation (50%).
Teaching Method	Students will develop skills of analysis and synthesis, as well as research, oral and written skills. So there will be developed the following teaching and learning methodologies (TLM): 1. Expository (in presenting theoretical frameworks); 2. Participatory (through joint discussion in the classroom); 3. Active (with the realization of an individual research work); 4. Self-study. Examples of real competition and regulation policy implementation cases will be discussed for every topic.
Observations	Students are expected to participate actively.
Basic Bibliographic	1. Bishop, S. & Walker, M (2010), The Economics of EC Competition Law: Concepts, Application and Measurement, Sweet & Maxwell, 3rd Ed. 2. Cini, M. and McGowan L. (2008). Competition Policy in the European Union, Palgrave Macmillan. 2nd ed. 3. Decker, C (2015), Modern Economic Regulation: an introduction to theory and practice, Cambridge University Press 4. Fumagalli, C., M. Motta & C. Calcagno (2018), Exclusionary Practices: The Economics of Monopolisation and Abuse of Dominance, Cambridge University Press 5. Viscusi, K. et al. (2005), Economics of Regulation and Antitrust, The MIT Press, 4th Ed.
Complementar Bibliographic	Comissão Europeia: Comunicação da Comissão relativa à definição de mercado relevante para efeitos do direito comunitário da concorrência, Jornal Oficial nº C 372 de 09/12/1997 (http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:31997Y1209(01):PT:HTML) 2. Decreto-Lei n.º 370/93, de 29 de Outubro, com a redação que lhe foi dada pelo Decreto-Lei n.º 140/98, de 18 de Maio, sobre práticas comerciais restritivas. 3. Feintuck. M. (2010), "Regulation rationales beyond the economics: in search of the public interest", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press. 4. Hauge, J and Sappington, D. (2010), "Pricing in network utilities", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press. 5. Joskow, Paul (2007), "Regulation of natural monopoly", in Handbook of Law and Economics, Polinsky, M. and Shavell, S. (eds), North-Holland. 6. Laffont J. and Tirole J. (2001), Competition in Telecommunications, MIT Press 7. Lei Portuguesa da Concorrência (Lei n.º 19/2012, de 8 de maio) 8. Marco Ponti (2012) "Competition, regulation and public service obligations", in A Handbook of Transport Economics, Edward Elgar. 9. Motta, M. (2004), Competition Policy: Theory and Practice, Cambridge University Press 10. TFUE (Tratado sobre o Funcionamento da União Europeia) 11. Veljanovski, C. (2010), "Economic Approach to Regulation", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press. 12. Veljanovski, C. (2010), "The strategic use of regulation", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press. 13. Yeung, K. (2010), "The regulatory state", in The Oxford Handbook of Regulation, Baldwin, R., Cave, M. and Lodge, M. (Eds), Oxford University Press.