II. Antitrust

Sept. 20 Th	6. Boundaries of the Firm Sh, Chapter 4. William Safire on origin of expression "Skin in the Game" Problem Set 1.
Sept. 25 T	NO CLASS
Sept. 27 Th	7. Oligopoly, Collusion, and Antitrust Sh, Chapter 5, Sections 5.1 - 5.2
Oct. 2 T	8. Market Structure and Strategic Competition Sh, Chapter 5, Sections 5.3 - 5.5.
Oct. 4 Th	9. Antitrust Laws Sh, Chapter 8. Massimo Motta, "Competition Policy: History, Objectives, and the Law," Chapter 1 in Competition Policy: Theory and Practice, Cambridge, 2004. Dennis Carlton and Randal Picker, "Antitrust and Regulation," Working Paper, 2006, introduction and sections I and II. Zhang, Vanessa Yanhua and Zhang, Xinzhu, "The Anti-Monopoly Law in China: Where Do We Stand?" . Competition Policy International, 3(2) Autumn 2007
Oct. 9 T	10. Horizontal Antitrust Cases Sh, Chapter 9, pp. 296-320. Serdar Dalkir and Frederick Warren-Boulton, "Prices, Market Definition, and the Effects of Merger: Staples-Office Depot (1997)," Case 2 in John Kwoka and Lawrence White, eds., The Antitrust Revolution, 4th edition, Oxford, 2004. Richard J. Gilbert, "The Role of Potential Competition in Industrial Organization," Journal of Economic Perspectives, 3(3), 1989: 107-127.
Oct. 11 Th	11. Vertical Antitrust Cases Sh, Chapter 9, pp. 320-333. Michael Riordan and Stephen Salop, "Evaluating Vertical Mergers: A Post-Chicago Approach," Antitrust Law Journal, Winter 1995. Massimo Motta, "Vertical Restraints and Vertical Mergers," Chapter 6 in Competition Policy: Theory and Practice, Cambridge, 2004. (Especially GE/Honeywell section.)
Oct. 16 T	October Break

III. Economic Regulation

Oct. 18 Th	12. Economic Regulation and Natural Monopoly Sh, Chapter 10. Sh, Chapter 12, pp. 411-414. David Newberry, "Theories of Regulation," Chapter 4 in Privatization, Restructuring, and Regulation of Network Utilities, MIT, 1999. Problem Set 2.
Oct. 23 T	Guest Speaker: Gregg Ribatt Wolverine Worldwide Press Release
Oct. 25 Th	13. Electricity and Peak Loads FIRST QUIZ: Quiz    Answers (preliminary) Sh, Chapter 11, pp. 368-372. Sh, Chapter 12. Sh, Chapter 18. Severin Borenstein, "The Trouble with Electricity Markets: Understanding California's Restructuring Disaster," Journal of Economic Perspectives, 16(1), 2002: 191-211. ISO New England Data
Oct. 30 T	15. Franchises Sh, Chapter 11, pp. 395-398. Jose Gomez-Ibanez, "The Evolution of Concession Contracts: Municipal Franchises in North America," Chapter 7 in Regulating infrastructure : monopoly, contracts, and discretion, Harvard University Press, 2003.
Nov. 1 Th	16. Transportation Sh, Chapter 16. Severin Borenstein, "The Evolution of U.S. Airline Competition," Journal of Economic Perspectives, 6(2), 1992: 45-73. Jose Gomez-Ibanez and John Meyer, "The Rediscovery of Private Contracts: U.S. Railroad and Airline Deregulation," Chapter 8 in Regulating infrastructure : monopoly, contracts, and discretion, Harvard University Press, 2003. Puffert, Douglas, "The Standardization of Track Gauge on North American Railways, 1830-1890," The Journal of Economic History, 60(4), 2000: 933-960.

IV. Common Carriage, Openness, Neutrality

Nov. 6 T	17. Common Carriers and "Piggybacking" Eli Noam, "Beyond liberalization II: The impending doom of common carriage, " Telecommunications Policy, 18(4) 1994: 286-294. Brett Frischmann, "An Economic Theory of Infrastructure and Commons Management," Minnesota Law Review, 89 April 2005. Grand Junction Railway Pickfords
Nov. 8 Th	18. Interconnection and Telecommunications Sh, Chapter 14 Nicholas Economides, "Economics of the Internet," NET Institute Working Paper, 2007.
Nov. 13 T	19. Wireless Communications US Spectrum Map FCC 14th Mobile Wireless Competition Report, (FCC 10-81), 5/20/2010 (see Table 25 pg. 148). Inside the Radio Wave Spectrum (this link is not the original source -- if you know the original source, please e-mail me)
Nov. 15 Th	20. Internet and Network Neutrality Christiaan Hogendorn, "Spillovers and Network Neutrality," forthcoming in Gerry Faulhaber, Gary Madden, and Jeffrey Petchey, eds., Regulation and the Performance of Communication and Information Networks, Edward Elgar. (June 18, 2010) Gerald Faulhaber, "Economics of Net Neutrality: A Review." (March, 2011)

V. Health, Safety, and Environmental Regulation

Nov. 20 T	21. Valuing Life and Other Hard to Value Things Sh, Chapter 20.
Nov. 22 Th	THANKSGIVING RECESS
Nov. 27 T	22. Environmental Regulation Sh, Chapter 21. Stefan Ambec, Mark A Cohen, Stewart Elgie, Paul Lanoie, The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? RFF Discussion Paper 11-01, January 2011. Phil Davies, How to Save Gas, The Region, Federal Reserve Bank of Minneapolis, December 2008. SECOND QUIZ. Answers
Nov. 29 Th	23. Workplace and Consumer Safety Sh, Chapter 22-23.

VI. Other Types of Regulation

Dec. 4 T

24. Too Big to Fail Sh, Chapter 24.

Dec. 6 Th

25. Geographical Indications Tim Josling (2006) "The War on Terroir: Geographical Indications as a Transatlantic Trade Conflict," Journal of Agricultural Economics 57(3): 337-36 Daniele Giovannucci, Elizabeth Barham, and Richard Pirog, "Defining and Marketing 'Local' Foods: Geographical Indications for US Products," The Journal of World Intellectual Property, 13(2), March 2010. The Common Agricultural Policy Explained, European Commission Directorate General for Agriculture, 2004. Simon Johnson, "Straight Talk - The (Food) Price of Success," Finance & Development (December 2007). Problem Set 3.

Dec. 11 T

Third Quiz 7PM, PAC 004