Syllabus

Title
2050 Specialisation: Regulatory Economics
Instructors
Univ.Prof. Dr. Klaus Gugler
Contact details
klaus.gugler@wu.ac.at
Type
PI
Weekly hours
3
Language of instruction
Englisch
Registration
09/19/19 to 09/26/19
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Regulatory Economics
Dates
Day Date Time Room
Tuesday 10/15/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 10/22/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 10/29/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 11/05/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 11/12/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 11/19/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 11/26/19 08:30 AM - 01:00 PM TC.3.09
Tuesday 12/03/19 08:30 AM - 01:00 PM TC.3.09

On this page:

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Contents

The lecture tackles topics in regulation of network industries, e.g. electricity, gas, water, rail as well as telecommunication. Traditional question are how to regulate industries with natural monopoly characteristics? How should regulatory intervention look like in segments of industries, in which competition seems possible and beneficial?

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Learning outcomes

The aim is to present the main models and methods of regulatory economics. The students will be able to apply the latest theoretical and empirical findings to specific problems of regulation. The main empirical evidence will be presented.

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Attendance requirements

Attendance is mandatory, max. 2 absences without valid excuse

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Teaching/learning method(s)

Lecture with discussion of problem sets

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Assessment

Test 60% (min 40% at test), work in class (max 20%), presentation of problem set 20%

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Availability of lecturer(s)

Office Hours: Thursday , 10.00 - 11.00

Institute for Quantitative Economics, Building D4, 1st floor, Office: D4.1.030 (please note: the main entrance to the department is on the second floor!)

email: klaus.gugler@wu.ac.at

telephone: +43 (1) 31336-5444

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Other

Please be present in the first lecture!

Students who are not registered for the lecture "Regulatory Economics" (# 2050), are required to attend the first initial meeting for the "Research & Policy Seminar: Regulatory Economics" (# 2051) on December 03, 2019, 11.00 - 12.00.

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Unit details
Unit Date Contents
1 15.10.2019

Introduction, perfect competition versus monopoly, technology and costs, contestable markets and the war of attrition, why regulate natural monopolies?
2 22.10.2019

Price regulation by a fully informed regulator
3 29.10.2019

Cost of service and rate of return regulation
4 05.11.2019
Incentive regulation
5 12.11.2019

Regulation under adverse selection
6 19.11.2019

Regulatory mechanisms with asymmetric information
7 26.11.2019
Market access regulation: vertical aspects
8 03.12.2019

9.00 - 11.00 Test

11.00 - 12.00 First initial meeting for the Research & Policy Seminar: Regulatory Economics (# 2051)
Last edited: 2019-05-03



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