Antitrust Analysis and Policy
The course introduces the students into the theoretical foundations of antitrust policy (called competition policy in Europe). This will be followed by a detailed explanation of the development of antitrust policy in the United States. The most in-depth part of the course is the analysis of antitrust regulation in the European Union. This part is based on an analysis of the origins of antitrust in Europe and the initial steps to make it a cornerstone of European integration.
It also includes a string of detailed case studies on, for example, block exemption in the European automotive industry, internet trade or the problem of dominance in the Microsoft Media Player case. In the last chapter, the relationship between economic transition and antitrust policy will be explored through the examples of Hungary, Poland and China.
This course is an in-depth exercise in an increasingly relevant and popular interdisciplinary field of economics called Law and Economics, with a high degree of relevance for the enterprise world. The study of antitrust policy offers useful insights in the analysis of enterprise behavior (our special focus is on high-tech firms), and helps understand interactions between regulators and firms.
Familiarizing the students with the most important elements of antitrust policy, including the main differences between American and European systems. Developing their skills of understanding and assessing antitrust cases is a further important outcome. The course is also an introduction into processes of European integration, more specifically the development of the Single European Market.
Written test at the end of the course, about 1 to 1.5 hours long. The test consists of three blocks: Block 1 is an essay question, Block 2 includes 4 short questions out of which 3 should be answered, and Block 3 requests a case assessment and solution.
Grading rules: Block A: 40% of points available, Block B: 10% of points available for each good answer (if all questions are answered the first three answers count), Block C: 30% of points available. Less than 51% of the total score means FAIL.
The instructor will be present at the exam and will be grading tests immediately.
Microeconomics. Some basic knowledge of International Economics (trade policy), European Integration and Game Theory may be useful.