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ECON 438

Economics of Competition

This is industrial organization put to work in the courtroom: how economists actually measure market power, define a relevant market, and tell a merger that lessens competition from one that doesn't. You'll move from demand estimation and elasticities into concrete antitrust questions — predatory pricing, cartels, vertical restraints, merger simulation — and spend the back half of the term presenting real EU and Turkish competition cases. It assumes you're comfortable with intermediate micro and some econometrics, and it's the natural bridge between IO theory and the kind of expert-witness work the Rekabet Kurumu and competition consultancies actually do.

Credit3ECTS5FacultyFaculty of Economics, Administrative, and Social SciencesBölümEconomicsPreECON 101 or ECON 103 or ECON 107 or ECON 207

Değerlendirme 100% — 5 adım

10%
25%
25%
10%
30%
Quiz Quiz 10%
Presentations Case Presentation 25%
Papers(s)/Reports Case Report 25%
In-class attendance Attendance in presentation sessions 10%
Final Final Exam 30%

Önerilen kaynaklar 7 kitap

📖
Önerilen
Economics for Competition Lawyers
Gunnar Niels, Helen Jenkins and James Kavanagh
2011 · Oxford University Press
📖
Önerilen
Quantitative Techniques for Competition and Antitrust Analysis
Peter Davis and Elena Garcés
2010 · Princeton University Press
📖
Önerilen
The Economics of EC Competition Law
Simon Bishop and Mike Walker
2007 · Sweet & Maxwell
📖
Önerilen
Competition Policy: Theory and Practice
Massimo Motta
2004 · Cambridge University Press
📕
Zorunlu
Competition Law Cases in the European Union
European Commission
http://https://competition-cases.ec.europa.eu/search
📕
Zorunlu
Decisions of the Turkish Competition Board
http://https://www.rekabet.gov.tr/tr/Kararlar
📕
Zorunlu
Decisions of the courts in the U.S.A.
https://law.justia.com/cases/

Haftalık müfredat 14 hafta

Hafta 1
The legal and institutional context of competition law. The economic foundations of competition law. Perfect competition, oligopoly and monopoly
Hafta 2
Determinants of market outcome. Measurement of market power. Barriers to entry. Demand functions and demand elasticities. Technological determinants of market structure
Hafta 3
Empirical techniques for estimating demand elasticities. Quantitative techniques for defining relevant product and geographic market.
Hafta 4
Assessment of abuse of dominance: Relevant cost benchmarks, predatory pricing, loyalty rebates, margin squeeze, price discrimination, tying and bundling.
Hafta 5
Analysis of price fixing and horizontal agreements. Empirical studies for quantifying anti-trust damages.
Hafta 6
Horizontal mergers: Unilateral effects and coordinated effects. Merger remedies. Merger simulation models.
Hafta 7
Assessment of vertical restraints and vertical mergers. Double marginalisation Resale price maintenance, free-riding, most-favoured nation clause. Input foreclosure and customer foreclosure.
Hafta 8
Presentation of the selected competition law cases by students and discussion.
Hafta 9
Presentation of the selected competition law cases by students and discussion.
Hafta 10
Presentation of the selected competition law cases by students and discussion.
Hafta 11
Presentation of the selected competition law cases by students and discussion.
Hafta 12
Presentation of the selected competition law cases by students and discussion.
Hafta 13
Presentation of the selected competition law cases by students and discussion.
Hafta 14
Presentation of the selected competition law cases by students and discussion.

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⚠️ FZ engelleyen şartlar

There will be approximately 20 case presentations. Participating in at least 14 case presentations is required to be eligibile for the final exam. Students who do not participate in at least 14 case presentations will be graded FZ.

Hocalar 0 bu dönem · 3 geçmiş

Geçmişte ders veren (3 kişi)
Ekrem Kalkan, Halil Baha Karabudak, Ahmet Fettahoğlu