II. Antitrust

Sept. 24 Th	6. Firm Boundaries and Market Structure W. Shepherd and J. Shepherd, Chapters 3 and 8 in The Economics of Industrial Organization, Waveland Press. Problem Set 2.
Sept. 29 T	FIRST QUIZ and 7. Oligopoly, Collusion, and Antitrust Quiz    Answers Stephen Martin, "Cournot Oligopoly," Sections 2.2.1-2.2.3 in Industrial Organization: A European Perspective, Oxford, 2001.
Oct. 1 Th	8. Antitrust Laws Massimo Motta, "Competition Policy: History, Objectives, and the Law," Chapter 1 in Competition Policy: Theory and Practice, Cambridge, 2004. (especially first part) Dennis Carlton and Randal Picker, "Antitrust and Regulation," Working Paper, 2006, introduction and sections I and II.
Oct. 6 T	9. Horizontal Antitrust Cases Patrick DeGraba and Gregory Rosston,, "The Proposed Merger of AT&T and T-Mobile: Rethinking Possible (2011)," Case 1 in John Kwoka and Lawrence White, eds., The Antitrust Revolution, 6th edition, Oxford, 2014. Dalton, James A., and Louis Esposito. "Standard oil and predatory pricing: Myth paralleling fact." Review of Industrial Organization 38.3 (2011): 245-266. Richard J. Gilbert, "The Role of Potential Competition in Industrial Organization," Journal of Economic Perspectives, 3(3), 1989: 107-127. Problem Set 3.
Oct. 8 Th	10. Vertical Antitrust Cases W. Kip Viscusi, Joseph E. Harrington, Jr., John M. Vernon, "Vertical Mergers and Vertical Restraints," Chapter 8 in Economics of Regulation and Antitrust, MIT Press, 2005. Michael Riordan and Stephen Salop, "Evaluating Vertical Mergers: A Post-Chicago Approach," Antitrust Law Journal, Winter 1995.
Oct. 13 T	11. Antitrust and Technological Change Crandall, R. W., & Jackson, C. L. (2011). Antitrust in high-tech industries. Review of Industrial Organization, 38(4), 319-362. Brennan, T. J. (2011). “High-Tech” Antitrust: Incoherent, Misguided, Obsolete, or None of the Above? Comments on Crandall-Jackson and Wright. Review of Industrial Organization, 38(4), 423-433.

III. Economic Regulation

Oct. 15 Th	12. Economic Regulation and Natural Monopoly
Oct. 20 T	13. Electricity and Peak Loads 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. 22 Th	14. Franchises VHV, Chapter 13. 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.
Oct. 27 T	FALL BREAK
Oct. 29 Th	15. Transportation Sherman, Chapter 16. Problem Set 4. Short Answers Sample Quiz Russell Pittman, "The Economics of Railroad 'Captive Shipper' Legislation," Administrative Law Review, Volume 62, Number 3, Summer 2010. 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. Perelman, M. (1994). Retrospectives: fixed capital, railroad economics and the critique of the market. The Journal of Economic Perspectives, 189-195. Pittman, R. (2005). Structural separation to create competition? The case of freight railways. Review of Network Economics, 4(3). Modernizing Freight Rail Regulation TRB Special Report 318, 2015.

IV. Common Carriage, Openness, Neutrality

Nov. 3 T	SECOND QUIZ and 16. Common Carriers and "Piggybacking" Quiz (classes 7-15)    Answers 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. 5 Th	17. Interconnection and Telecommunications Tim Wu Chapters 3 and 18 in The master switch: The rise and fall of information empires. Knopf, 2010. Matthew Lasar, "How AT&T conquered the 20th century," Ars Technica, September 1, 2011. Milton Mueller Jr. Universal Service: Competition. Interconnection, and Monopoly in the Making of the American Telephone System (Cambridge, 1997).
Nov. 10 T	18. Wireless Communications US Spectrum Map FCC Annual Mobile Wireless Competition Report. Inside the Radio Wave Spectrum (this link is not the original source -- if you know the original source, please e-mail me)
Nov. 12 Th	19. Internet and Network Neutrality Jon Brodkin "FCC votes for net neutrality, a ban on paid fast lanes, and Title II," Ars Technica, February 26, 2015. Christiaan Hogendorn, "Spillovers and Network Neutrality," 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) The FCC, Internet Service Providers, and Access Charges, an FCC fact sheet from the the age of dial-up. Jon Brodkin, "One big reason we lack Internet competition: Starting an ISP is really hard," Ars Technica, April 6, 2014.

V. Health, Safety, and Environmental Regulation

Nov. 17 T	20. Valuing Life and Other Hard to Value Things Ashenfelter, O. (2006). Measuring the Value of a Statistical Life: Problems and Prospects. The Economic Journal, 116(510), C10-C23.
Nov. 19 Th	21. Environmental Regulation Heyes, A. (2009). Is environmental regulation bad for competition? A survey. Journal of Regulatory Economics, 36(1), 1-28. 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.
Nov. 24 T	22. The DMCA David Kravetz, "How the DMCA Made YouTube," Ars Technica, April 22, 2015. Robert Levine, Chapter 1 in Free Ride, Doubleday, 2011.
Nov. 26 Th	THANKSGIVING RECESS
Dec. 1 T	23. Cybersecurity Rao, J. M., & Reiley, D. H. (2012). The Economics of Spam. The Journal of Economic Perspectives, 87-110.

VI. Other Types of Regulation

Dec. 3 Th	24. Too Big to Fail Problem Set 5.
Dec. 8 T	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).
Dec. 10 Th	THIRD QUIZ Third Quiz