Applied Industrial Economics

Recommended Prerequisites

 Industrial Organization, English.   

Teaching Methods

Teaching methodologies are based on continuous assessment by means of one test, works in groups and face-to-face presentations and conferences proffered by invited guests from regulated regulatory sectors or researchers on the issues addressed.   

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

Students must also develop the following generic competencies: ability to orally and written communication, and ability to work in groups.

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)

Adelino Manuel Guimarães Fortunato

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

ARMSTRONG, M.; COWAN, S. ; VICKERS, J. - Regulatory reform : economic analysis and British experience. Cambridge, Mass. : MIT Press, 1999.
BAPTISTA, Jaime M. - Uma abordagem regulatória integrada (ARIT-ERSAR) para os serviços de águas e resíduos. Lisboa : Entidade Reguladora dos Serviços de Águas e Resíduos, 2014.
CHURCH, J. ; WARE, R. - Industrial organization : a strategic approach. Boston : Irwin/McGraw- Hill, 2000.
LAFFONT, Jean-Jacques ; TIROLE, J. – A theory of incentives in procurement and regulation. Cambridge, Mass. : MIT Press, 1994.
MARQUES, Rui C. – A regulação de serviços públicos, Lisboa: Edições Sílabo, 2005.

MARTINS, M. Rita V. - Regulação económica no sector das águas : promoção da concorrência e sustentabilidade tarifária. Coimbra : FEUC, 2007.
MOTTA, M. – Competition policy : theory and practice. Cambridge : Cambridge University Press, 2004.
VISCUSI, W. Kip. ; HARRINGTON Jr., Joseph E. ; VERNON, J. M. - Economics of regulation and antitrust. 4th ed.. Cambridge, Mass. : MIT Press, 2005.