Syllabus

Title

2292 Advanced Subject in Economics - Regulatory Economics

Instructors

Univ.Prof. Dr. Klaus Gugler

Contact details

klaus.gugler@wu.ac.at

Type

Weekly hours

Language of instruction

Englisch

Registration

09/06/19 to 09/15/19
Registration via LPIS

Notes to the course

Subject(s) Master Programs

Advanced Subject in Economics - 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
Tuesday	12/10/19	08:30 AM - 01:00 PM	D4.1.001
Tuesday	12/17/19	08:30 AM - 01:00 PM	D4.1.001
Tuesday	01/07/20	08:30 AM - 01:00 PM	D4.1.001
Tuesday	01/14/20	09:00 AM - 05:00 PM	D4.1.001
Tuesday	01/21/20	08:30 AM - 01:00 PM	D4.1.001

On this page:

Contact details
Contents
Learning outcomes
Attendance requirements
Teaching/learning method(s)
Assessment
Availability of lecturer(s)
Other
Unit details

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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?

The seminar tackles topics in regulation of network industries. The main recent empirical and theoretical papers will be presented. There will be a session on policy issues.

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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.

The aim is that students present the main papers and via discussion of results get an impression of the state of the art of research in the field. Specific regulatory decisions of authorities will also be disc ussed.

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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

Student presentations with discussion.

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Assessment

Test 50% (min 40% at test), work in class and presentation of problem set (25%), Presentation of a paper of choice (25%)

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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!

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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)
9	10.12.2019	Presentations
10	17.12.2019	Presentations
11	07.01.2020	Presentations
12	14.01.2020	Presentations
13	21.01.2020	Presentations

Last edited: 2019-08-27

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