This course familiarizes students with some aspects of modern economic regulation theory and competition in regulated sectors, using tools from industrial organization, game theory and information economics.
It aims at presenting a selection of standard models on regulation and competition, review some concepts of industrial organization and contract theory, and introduce a number of topical research questions for specific sectors.
Students will discuss recent papers as part of the reading group “Applied Economic Theory”.
Students will have to read, summarize and discuss papers in the reading group. They will be asked to check some proofs in detail.
All non-CentER students should ask formal permission from the Director of Graduate Studies in Economics BEFORE the start of the course.
Please send your request for permission including grade list, CV and motivation letter to CentER Graduate School at email@example.com. Note that asking permission is not just a formality.
A solid background in micro-economics, such as Micro-economics 1, 2 and 3 in the CentER Research Master Economics year 1 program
Principles of economic regulation / Adverse selection (ca. 4 lectures)
Review of standard adverse selection models and a number of extensions (commitment, multi-dimensional types, multiple tasks). Practical implementation.
Reading Group Applied Economic Theory (ca. 2 lectures)
In this part students will present and discuss a number of recent papers. This part of the course will be attended by faculty members (PhD-students and senior academics) with an interest in economic theory.
Capita selecta Market Design / Competition in Regulated Sectors (ca. 2 lectures)
The content of this part might be adjusted from year to year. For the upcoming year I would like to look into
- Multi-good competition / Multi-unit auctions
- Competition with Search
- Platform Compeition and two-sided markets
Type of instructions
Reading group / Lectures
Type of exams
Oral final exam (80%) and preparation for reading groups (20%)