Applied Industrial Economics

Recommended Prerequisites

Industrial Organization, English

Teaching Methods

Teaching methodologies are based on continuous evaluation by means one test, works in group  and face-to-face presentations and conferences .

Learning Outcomes

Course of applied Industrial Economics based on several issues about Economics of Regulation.  Students must be able to:

 (i)   Justify economic regulation

(ii)   Identify market failures

(iii)  Manipulate the mechanisms of natural monopoly regulation

(iv)  Understand regulation with asymmetric information

 (v)  Appreciate the consequences of the regulatory reform of network industries

(vi)  Make applications to some utilities

Work Placement(s)

No

Syllabus

1. Justifications for Regulatory Intervention;

2. Natural Monopoly and Subadditivity;

3. Market Failures;

4. Natural Monopoly Regulation;

5. Regulation under Asymmetric Information;

6. Regulatory Reform of Network Industries;

7. Regulation, Financial Equilibrium and Equity;

8. Analysis of Regulated Industries.

Head Lecturer(s)

Maria Rita Vieira Martins

Assessment Methods

Final Assessment
Exam: 100.0%

Assessment
Apresentações orais e conferência: 20.0%
Continuous evaluation: one test (40%), works in group (40%) and face-to-face presentations and conferences (20%). Alternatively: Final examination (100%): 40.0%
Teste: 40.0%

Bibliography

ARMSTRONG, Mark ; COWAN, Simon ; VICKERS, John — Regulatory reform : economic analysis and British experience. Cambridge, Mass. : MIT Press, 1999. [BP 339.13 ARM]

CHURCH, Jeffrey ; WARE, Roger— Industrial organization : a strategic approach. Boston : Irwin/McGraw- Hill, 2000. [BP 338.45 CHU]

LAFFONT, Jean-Jacques ; TIROLE, Jean – A theory of incentives in procurement and regulation. Cambridge, Mass. : MIT Press, 1994. [BP 339.13 LAF]

MARQUES, Rui Cunha – A regulação de serviços públicos, Lisboa: Edições Sílabo, 2005 [BP 351.82 MAR]

MARTINS, Maria Rita Vieira — Regulação económica no sector das águas : promoção da concorrência e sustentabilidade tarifária. Coimbra : FEUC, 2007. [BP 338.5 MAR]

MOTTA, Maximo – Competition policy : theory and practice. Cambridge : Cambridge University Press, 2004. [BP 339.13 MOT]

VISCUSI, W. Kip ; VERNON, John M. ; HARRINGTON, Jr, Joseph E. — Economics of regulation and antitrust. 4th ed.. Cambridge, Mass. : MIT Press, 2005. [ed. de 2000: BP 339.13 VIS]