Política da Concorrência e Regulação Económica

Código:

2ME30

Sigla:

PCRE

Áreas Científicas
Classificação	Área Científica
OFICIAL	Economia

Ocorrência: 2024/2025 - 1S

Ativa?	Sim
Unidade Responsável:	Agrupamento Científico de Economia
Curso/CE Responsável:	Mestrado em Economia

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
ME	23	Plano Oficial a partir de 2021-2022	2	-	6	42	162
MFPE	3	Plano Oficial em vigor	1	-	6	42	162

Língua de trabalho

Inglês

Objetivos

This course aims at investigating the main economic issues on competition policy and economic regulation, applying theoretical and empirical industrial organization models.

In the first part, the course analyzes and evaluates important topics for competition policy such as the concept of relevant market, collusion and mergers, with applications to recent cases decided by worldwide competition authorities.

In the second part, the course addresses the major changes in regulatory policy, which have led to the privatization of a number of state-owned monopoly industries and the introduction of competition. The course intends to be a primary source of information for students regarding modern regulatory instruments, such as price cap, yardstick regulation and access pricing.

Resultados de aprendizagem e competências

In the end of the course, students should be able to (i) understand the foundations of competition policy and economic regulation; (ii) create simple models that evaluate competition policy interventions; (iii) evaluate the results of regulatory agencies’ decisions; (iv) analyze, critically discuss and compare competition policies and regulatory activity implemented in practice, worldwide.

Modo de trabalho

Presencial

Pré-requisitos (conhecimentos prévios) e co-requisitos (conhecimentos simultâneos)

Microeconomics. Industrial Organization.

Programa

I. Competition Policy

1. Competition Policy: History, Objetives and the Law.

2. Market Power and Welfare.

3. Market Definition and the Assessment of Market Power.

4. Collusion and Horizontal Agreements.

5. Horizontal Mergers.

6. Vertical mergers and vertical restraints.



II. Economic Regulation

1. What is Economic Regulation? An introduction.

2. Regulation of Natural Monopoly: Ramsey pricing.

3. Rate of return regulation.

4. Incentive regulation: Price cap, Yardstick regulation.

5. Regulation in network industries. Access pricing. Interconnection.

6. Sector regulation: Electricity, Natural gas, Telecommunications, Transports, Water.

Bibliografia Obrigatória

Motta, Massimo; Competition policy. ISBN: 978-0-521-01691-9
Viscusi, W. Kip; Economics of regulation and antitrust. ISBN: 0-262-22049-0
Church, J. and Ware, R. ; Industrial Organization - A Strategic Approach, McGrawHill, 2000

Bibliografia Complementar

Belleflamme, Paul; Industrial organization. ISBN: 978-0-521-68159-9

Observações Bibliográficas

Scientific articles will be indicated during the course.

Métodos de ensino e atividades de aprendizagem

The course relies on a hybrid teaching methodology. We combine the theoretical exposition of the program contents with the presentation and the discussion of real cases. Students’ participation in class is highly encouraged, both in terms of (i) commenting the empirical evidence and theoretical models exposed in class; and (ii) solving questions presented in classes (course works).

Tipo de avaliação

Avaliação distribuída com exame final

Componentes de Avaliação

Designação	Peso (%)
Exame	50,00
Trabalho escrito	50,00
Total:	100,00

Componentes de Ocupação

Designação	Tempo (Horas)
Estudo autónomo	90,00
Frequência das aulas	42,00
Trabalho escrito	30,00
Total:	162,00

Obtenção de frequência

Students will be assessed by the resolution of course works (50% of the final grade) and by an exam (50%). Exam minimum grade: 7 (Scale 0 – 20). To conclude the course it is mandatory to do the course works and the exam.

There may be an additional oral test to defend the classification obtained in the written exam.

Fórmula de cálculo da classificação final



Students will be assessed by the resolution of course works (50% of the final grade) and by an exam (50%). Exam minimum grade: 7 (Scale 0 – 20). To conclude the course it is mandatory to do the course works and the exam.

There may be an additional oral test to defend the classification obtained in the written exam.

Melhoria de classificação

A final exam will be available at the time of appeal.