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Syllabus

Title
1428 Field Course: Regulatory Economics
Instructors
Univ.Prof. Dr. Klaus Gugler
Contact details
Type
PI
Weekly hours
3
Language of instruction
Englisch
Registration
09/19/22 to 09/25/22
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day Date Time Room
Tuesday 10/11/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 10/18/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 10/25/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 11/08/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 11/15/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 11/22/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 11/29/22 08:30 AM - 01:00 PM D3.0.218
Tuesday 12/06/22 08:30 AM - 01:00 PM D3.0.218

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?

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.

Attendance requirements

Attendance is mandatory, max. 2 absences without valid excuse

Teaching/learning method(s)

Lecture with discussion of problem sets

Assessment

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

Readings

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Availability of lecturer(s)

Office Hours: Thursday , 10.00 - 11.00

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

Other

Please be present in the first lecture!

Unit details

Unit Date Contents
1 11.10.2022

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

2 18.10.2022

Price regulation by a fully informed regulator

3 25.10.2022

Cost of service and rate of return regulation

4 08.11.2022
Incentive regulation
5 15.11.2022

Regulation under adverse selection

6 22.11.2022
Assignments
7 29.11.2022
Assignments
8 06.12.2022
Test
Last edited: 2022-05-31



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