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Part I: Review of Firm Behavior and Market Theory |
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1 |
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The Role of Government. |
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Viscusi, W. Kip, John M. Vernon, and Joseph E. Harrington. Economics of Regulation and Antitrust. 3rd Ed. Chaps. 1 and 2. (Hereafter "VVH".) |
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2 |
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Markets. |
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VVH. Chap. 4. |
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3 |
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Markets cont’d. |
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VVH. Chap. 5. |
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4 |
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The Dominant Firm and Strategic Competition. |
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VVH. Chap. 6. |
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Part II: Economic Regulation |
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5 |
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Introduction to Economic Regulation. |
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VVH. Chap. 10. |
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6 |
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Public Enterprise. |
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VVH. Chap. 14. |
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7 |
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Regulating Natural Monopolies: Electric Power Example. |
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VVH. Chaps. 11 and 12. |
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8 |
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Franchise Bidding: The Case of Cable Television. |
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VVH. Chap. 13. |
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9 |
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Dynamic Issues in Natural Monopoly Regulation: Telecommunication Example. |
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VVH. Chap. 15. |
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10 |
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Dynamic Issues in Natural Monopoly Regulation: Telecommunication Example 2. |
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Council of Economic Advisors. Appendix 2: "Case Study of Finnish Wireless Cluster."
Klemperer, P. "How (not) to Run Auctions: The European 3G Telecom Auctions." Pp. 829-845.
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11 |
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Transportation Regulation. |
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VVH. Chap. 17. |
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12 |
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Review for Midterm Examination. |
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13 |
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Midterm Examination in Class, Closed Book. |
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14 |
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Midterm Examinations Returned. |
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15 |
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Problems of Regulation: The Case of UK Railway Privatisation. |
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Pollitt, M. G., and A. J. Smith. "The Restructuring and Privatisation of British Rail: Was it really that bad?" Pp. 463-502. |
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16 |
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Problems of Regulation: The Case of Californian Electricity Deregulation. |
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Joskow, P. "California’s Electricity Crisis." Pp. 365-388. |
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Part III: Social Regulation |
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17 |
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Externalities. |
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VVH. Chap. 19. |
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18 |
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The Value of Life. |
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VVH. Chap. 20. |
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19 |
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Environmental Regulation 1. |
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VVH. Chap. 21.
Hahn, Robert W. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders." Pp. 95-114.
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20 |
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Environmental Regulation 2: Markets for Clean Air. |
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Joskow, P. L., R. Schmalensee, and E. M. Bailey. "The Market for Sulfur Dioxide Emissions." Pp. 669-85. |
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21 |
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Environmental Regulation 3: Regulating the Global Commons. |
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Chichilinisky, G., and G. Heal. "Global Environmental Risks." Pp. 65-86. |
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22 |
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The Regulation of Workplace Safety. |
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VVH. Chap. 23. |
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23 |
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Pharmaceuticals. |
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VVH. Chap. 24. |
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24 |
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Regulation of the Internet: Should the State have Protected Napster? |
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Klein, B., A. V. Lerner, and K. M. Murphy. "The Economics of Copyright 'Fair Use' in a Networked World." Pp. 204-208.
Boldrin, M., and D. Levine. "The Case Against Intellectual Property." Pp. 209-212.
Silva, F., and G. B. Ramello. "Sound Recording Market: The Ambiguous Case of Copyright and Piracy." Pp. 415-442.
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25 |
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Conclusion. Revision for Final Exam. |
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26 |
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Final Exam. |
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