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Module 6:
Competition and Regulation in Network Industries (16 a.h.1) |
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Prof. Richard GREEN & Prof. Tommaso VALLETTI
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Outline of Course Contents
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Lecture 1: Networks (Richard Green)
Main topics: network characteristics (lines and nodes, natural monopoly, essential infrastructure, neutrality), negative externalities (congestion, transit losses), smart grids (reliability, resilience)
Lecture 2: Network effects (Tommaso Valletti)
Main topics: club effects, indirect network externalities, social networks, monopoly pricing with network effects, competition with network effects
Lecture 3: Ex ante regulation (Richard Green)
Main topics: incentive contracts, price regulation, RIIO, regulation agency
Lecture 4: Competition policy and network effects: Digital antitrust cases (Tommaso Valletti)
Main topics: abuse of dominance (Microsoft, Google), mergers (AOL/Time Warner; MCI-Worldcom/Sprint, Facebook/WhatsApp)
Lecture 5: Regulating the ICT industry 1 (Richard Green)
Main topics: entry, one-way access pricing, ECPR, margin squeeze, two-way access pricing, universal service obligation
Lecture 6: Regulating the ICT industry 2 (Richard Green)
Main topics: digital regulation and investment, net neutrality, privacy regulation, data and competition policy
Lecture 7: Regulating the energy industry 1 (Tommaso Valletti)
Main topics: infrastructure management and development (transport and distribution, unbundling, concession, interconnection), competition (wholesale and retail markets)
Lecture 8: Regulating the energy industry 2 (Tommaso Valletti)
Main topics: environmental policies (carbon markets, renewables, energy savings), demand responsiveness (load shedding, energy poverty)
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Main References
• Church J. and N.
Gandal (1992), “Network effects, software provision, and
standardization”, Journal of Industrial Economics, vol. 40, 85-103.
• Crampes C. and T.O. Léautier (2015), "Demand response in adjustment markets for electricity", Journal of Regulatory Economics, vol. 48,
169–193.
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Crémer, J., Rey, P. and J. Tirole (2000), “Connectivity in the
commercial Internet”, Journal of Industrial Economics, vol. 48, pp.
433-472.
• Fudenberg, D. and J. Tirole (2000), “Pricing a network good to deter entry”, Journal of Industrial Economics, vol 48, 373-390
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European Commission (1999), "Liberalisation of network industries. Economic implications and main policy issues", European Economy, n°4
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Lopez, A. and P. Rey (2016), “Foreclosing competition through access
charges and price discrimination”, Journal of Industrial Economics, vol.
64, 436-465
• Shy O. (2001) "The Economics of Network Industries", Cambridge University Press. Read mainly chapters 1-6.
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TSE debate: "The electricity industry at a crossroads. A series of
analysis", by C. Crampes and T.O. Léautier
… and much more in the slide
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a.h. = academic hour (50 minutes). |
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Module on Quantitative Analysis for CP by F. Verboven |
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more details
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Summer School – Advanced Short Courses and Conference Synopsis |
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more details
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