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.
Week 1: Regulation: rationales, aims, criteria and strategies. Economic theories of regulation. Basic economics of regulation. The Regulatory State. Cost-benefit analysis and regulatory impact assessment.
Week 2: Principles of antitrust law and economics. Competition and market structure. Network industries. Two- and multi-sided markets. Sharing economy. Seminars.
Week 3: Essential facility doctrine in EU and U.S.. Case study presentations.
Week 4: Regulation vs. antitrust: lessons from Trinko. Regulatory gaming. Seminars.
Week 5: Telecommunications regulation. Case study presentations.
Week 6: The margin squeeze in EU and U.S.. Spectrum rights.
Week 7: Electricity regulation. Natural gas regulation.
Week 8: Midterm test. Water regulation.
Week 9: Transport regulation: Railways; Airlines and slot allocation.
Week 10: Enviromental regulation and Emissions trading system. Case study presentations.
Week 11: Regulation of the biopharmaceutical industry. Sport regulation: the case of the NBA.
Week 12: Case study presentations. Moot court competition.
Teaching method: frontal teaching, seminars, interactive discussion, case studies, moot court. Invited keynote speakers will discuss specific regulatory issues delivering expert insight into the most pressing issues in regulatory law and economics.
Assessment method: midterm test; case study presentations; moot court competition; written exam.
Criteria for assigning the Master thesis: relevance of the topic proposed.