Syllabus
Syllabus, Introduction and Motivation for Antitrust Economics–course overview, history, objectives of competition policy.
Effective competition, market power
Relevant market(definition, the hypothetical monopolist test, cellophane fallacy, critical loss, critical elasticity, shipment test)
Mergers
Article 101 TFEU -cartels and collusion
Article 101 TFEU - vertical restraints (e.g. RPMs), horizontal agreements
Article 102 TFEU–I (dominance, abuse, excessive pricing) predatory behavior
Article 102 TFEU –II (predatory pricing)
Margin squeezes
Theory of harm, Empirical techniques in antitrust.
Replacement lecture
Calculating Antitrust damages
Annotation
Regulatory authorities have moved to a more economics-based approach in deciding what constitutes anti-competitive behaviour. This course introduces into topics such as: market power, cartels (Article 101 TFEU), abuses of dominant position (e.g. predatory behavior, margin squeezes and others – Article 102 TFEU), mergers, calculation of damages and empirical techniques used in competition analyses.
Prerequisites: Introductory microeconomics, introductory econometrics