Download Part 4 - Stefan Kooths

Economic Policy
and Market Regulation
Part 4
Dr. Stefan Kooths
BiTS Berlin
(winter term 2013/2014)
www.kooths.de/bits-ep
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
1
Outline
1. Introduction and Overview
2. Market Mechanisms and Government Interventions
3. Externalities and Public Goods
4. Competition Policy and Regulation
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

Competitive markets vs. market power
Anti-competitive behavior and anti-trust policies
Natural monopolies
5. Ordoliberalism and the Social Market Economy
6. Summary: The Key Lessons Learnt
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Monopoly: Price, quantity, and welfare effects
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Price discrimination
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Temporary monopolies (pioneer profits), dynamic efficiency,
and contestable markets
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Cartels: Potential profits and fragility
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
6
Outline
1. Introduction and Overview
2. Market Mechanisms and Government Interventions
3. Externalities and Public Goods
4. Competition Policy and Regulation



Competitive markets vs. market power
Anti-competitive behavior and anti-trust policies
Natural monopolies
5. Ordoliberalism and the Social Market Economy
6. Summary: The Key Lessons Learnt
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Anti-competitive strategies (overview)
 Cartels and collusion
 Abuse of dominant market position
 Mergers and acquisitions
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Anti-trust policy concepts (overview)

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Laissez-faire approach
Structure approach
Regulation approach
Ownership approach
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Per se-rule vs. rule of reason
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Ex ante vs. ex post approach
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Problem of the relevant market
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Outline
1. Introduction and Overview
2. Market Mechanisms and Government Interventions
3. Externalities and Public Goods
4. Competition Policy and Regulation



Competitive markets vs. market power
Anti-competitive behavior and anti-trust policies
Natural monopolies
5. Ordoliberalism and the Social Market Economy
6. Summary: The Key Lessons Learnt
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Economies of scale
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Subadditivity of cost functions
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Role of potential competition (contestable markets)
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Regulation: Price-cap vs. rate-of-return
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Auctioning
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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Ordoliberalism and the Social Market Economy
Constitution
Demokratischer Staat
Regulation
Protection
Competition
Social economy
KOOTHS | BiTS: Economic Policy and Market Regulation (winter term 2013/2014), Part 4
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