330082 :Seminar Competition and Regulation in Network Industries

Algemeen

Voertaal Engels
Werkvorm: (Geen informatie over collegetijden bekend)
Tentamenvorm: Oral exams might be organized for repeaters. (Geen informatie over tentamendata bekend)
Niveau:Master
Studielast:6 ECTS credits
Inschrijving:This course is no longer offered as of 2016-2017, please check the official transition rule for this course in the ESG.
Blackboard informatieniet beschikbaar in Blackboard

Docent(en)


dr.ir. B.R.R. Willems (Coordinator)


Doel van de cursus (alleen in het Engels beschikbaar)

This course makes students familiar with the theory and practice of competition and regulation in several economic sectors that have undergone liberalization in recent years. We discuss three sectors: The telecommunication, the electricity and the natural gas sector.

 

The main feature of the course is the interaction of economic theory, in particular industrial organization and regulation theory, and case studies. By the end of the course students will be able to understand the functioning of these types of markets, discuss problems of market failure that can occur, and analyse the pros and cons of various options for regulatory intervention.


Inhoud van de cursus (alleen in het Engels beschikbaar)

The course analyses the economics of these sectors, with a focus on issues relating to market failures, regulation intended to alleviate the effects of such failures, and the introduction of competition to reach efficiency. The set-up of the course will be a combination of regular classes, homework assignments, computer simulations, and guest presentations by people 'from the field'.

The precise contents of the course may vary from year to year, depending on the issues which are topical in the different sectors.

  • Topics in telecommunication may involve access regulation in vertically integrated network sectors, and the economics of interconnection between rival telecommunication networks.
  • For the electricity sector, topics may include the organisation and economic characteristics of the various parts in the industry chain, international experience with liberalization (including the California crisis), market power and mergers in the electricity generation industry and competition in retail markets
  • In the natural gas market we study security of supply and market power concerns.


Bijzonderheden (alleen in het Engels beschikbaar)

Exam

The exam for this course consists of assignments & participation (30%), and a written exam (70%).

The written exam will deal both with the economic theory and modelling, and with policy questions. For the resit we organize an oral exam. 

Course Material

The course builds upon policy documents and academic papers, supplemented by the presentations of the instructors and guest lecturers.

 


Gewenste voorkennis

Students should have a background level in industrial organisation and regulation theory, comparable to the exit level of the course Game Theory and Industrial Organisation


Verplicht voor

  • MSc Economics: Competition and Regulation ( 2014, 2015 )


Mogelijk interessant voor

  • MSc Economics ( 2014, 2015 )
  • MSc Economics: Socio-Economic Policy ( 2014 )
  • MSc Economics: Public Policy ( 2015 )
  • MSc Economics: Resources, Development and Growth ( 2014 )
  • MSc Economics: Sustainability and Growth ( 2015 )
  • MSc Economics: International Economics and Finance ( 2014 )
  • MSc Economics: Money, Banking and Financial Markets ( 2015 )
  • MSc Economics: Pensions, Aging and Retirement ( 2014, 2015 )
  • MSc Economics: Behavioral Economics ( 2015 )
  • Exchange students TiSEM ( 2015 )

(25-aug-2017)