Class Regulatory Economics

In this course we consider the role of independent regulators in the economy. We discuss the reasons that justify a regulatory intervention, the role of independent regulators, what are the regulatory instruments and what are the consequences of this type of intervention. We explore the regulatory practice in Portugal, discussing the role played by independent regulators, their statutes and intervention. We also studied the role of the competition authority and the application of competition law.            

Not applicable

1. Regulation in Portugal 2. Regulation: Concept and Foundations 2.1.Definition of Economic Regulation and Other Concepts 2.2.Regulation and Competition Protection 2.3. The Regulation Cycle 3. Institutional Framework of Regulation 3.1. Regulatory Intervention Models 3.2. Institutional Design of Regulation 3.3. Portuguese Regulatory Regime 3.4. Legal and Institutional Framework 4. Theories of Regulation: Fundamentals 4.1.Economic efficiency 4.2. Why and When to Regulate: Market Failures 4.3. (Alternative) Theories of Regulation 5. Instruments of Economic Regulation 5.1. The Regulation of Natural Monopolies 5.2.. Direct State Intervention 5.3. Price Intervention 5.4. Regulation in Asymmetric Information Environments 5.5. Market Mechanisms to Respond to Your Failures 6. Competition Law 6.2. The Methodology of Competitive Analysis 6.3. Concepts of Legal Analysis 6.3. Agreements between companies 6.4. Abuse of Dominant Position 6.5. Merger Control

Students can choose between a continuous assessment regime or the preparation of a final exam: The continuous assessment regime complies with the following rules: 1. A student may be evaluated by the evaluation system if he/she has an attendance of more than 75% of the classes taught. 2. The continuous evaluation system includes: the. A work for presentation in writing and in class (50% of the grade) b. An attendance on the day of May (50% of the grade) 3. The student who satisfies the 1st requirement and who obtains an evaluation greater than or equal to 10 points under the continuous evaluation regime is exempt from taking the final exam. A student who does not opt for this system of continuous assessment, or who does not meet the requirements described is evaluated by final exam. In the context of the evaluation by final exam, it is informed that approval is verified for a grade greater than or equal to 10 values, and there is no oral exam.  

Ferreira, J., Cabugueira, M., Silva, M., Marques, N. e Marcelo, P. (2024) “Manual de Regulação e Concorrência”, Almedina (https://www.almedina.net/manual-deregulacao-e-concorrencia-1703905209.html) João Confraria (2010) “Regulação e Concorrência, Desafios do século XXI”, Economia Colecção: Campus do Saber, - Nº10 Ano: 2010, 2ª Edição Noll, Roger G., “Economic perspectives on the politics of regulation”, in Schmalensee, Richard and Willig, Robert ed., “Handbook of Industrial Organization”, Volume 2, North Holland, 1989, Chapter 22 Braeutigam, Ronald R. “Optimal policies for natural monopolies”, in Schmalensee, Richard and Willig, Robert ed., “Handbook of Industrial Organization”, Volume 2, North Holland, 1989, Chapter 23 Viscusi, W. Kip.; Vernon, John Mitcham; Harrington, Joseph Emmett, (1995), “Economics of Regulation and Antitrust”, MIT Press Bishop, S. and Walker, M. (2010), “The Economics of EC Competition Law: Concepts, Application and Measurement”, Sweet and Maxwel