Vorlesung: 02-VWL:MSc-V1-1 Lecture: Economics of Regulation - Details

Vorlesung: 02-VWL:MSc-V1-1 Lecture: Economics of Regulation - Details

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Veranstaltungsname Vorlesung: 02-VWL:MSc-V1-1 Lecture: Economics of Regulation
Untertitel
Veranstaltungsformat hybrid
Veranstaltungsnummer 02-VWL:MSc-V1-1
Semester SoSe 2026
Aktuelle Anzahl der Teilnehmenden 0
Heimat-Einrichtung Industrieökonomie, Wettbewerbspolitik und Regulierung (VWL I)
Veranstaltungstyp Vorlesung in der Kategorie Lehre
Nächster Termin Donnerstag, 16.04.2026 10:00 - 12:00, Ort: Licher Straße 68, 45

Informationen für das eVV

Veranstaltungs- und Datumsinfo Weitere Informationen: http://www.uni-giessen.de/fbz/fb02/fb/professuren/vwl/goetz/lehre/lehrveranstaltungen-des-aktuellen-semesters/index_html/economics-of-regulation

Studierende der MA-Studiengänge können sich anhand der Äquivalenz-Tabelle über die relevanten Veranstaltungen informieren: http://wiwi.uni-giessen.de/dl/det/service-center/31568/pa_master_aequivalenztabelle-ma-auf-msc/

Studienbereiche/Modulzuordnungen

Kommentar/Beschreibung

Structure: Lecture + Tutorial
Rhythm: Summer semester
Credits: 6 CP
Course Code: 02-VWL:MSc-V1-1
Language: English
Required work: Final exam (85%) + Participation (15%)
Lecturers: Univ.-Prof. Dr. Georg Götz
Possible Major: Economics, Economics of Global Risk

Course Description:
You can find the most recent information to this course here. The recordings of the lecture from the summer term 2020 can be found on the chairs Youtube channel Economics2Go; in the playlist Economics of Regulation:https://www.youtube.com/c/Economics2Go

This course deals with network industries like electricity, gas and water supply as well as with the telecommunication sector and how to regulate them. A special focus is laid on the consequences of the asymmetric distribution of information among the agents active in these sectors. Here, one might think of product markets characterized by uncertainty about qualities and prices as well as labor markets, insurance markets, or financial markets. These markets are characterized by endogenous information that is generated by some market participants; behavior affecting other market participants; behavior. As a consequence, the market mechanism may be distorted or even fail.

Literature:
Paul Joskow: Regulation of Natural Monopolies August 2006, mimeo, MIT, a review article published in the Handbook of Law and Economics, 2007.

Recent developments in the theory of regulation, published in the Handbook of Industrial Organization (Vol. III), edited by M. Armstrong and R. Porter. This article provides an in-depth treatment of the theory of regulation under asymmetric information.

Regulation, Competition, and Liberalization. Journal of Economic Literature Vol. XLIV (June 2006), pp. 325–366. This article offers insights into the regulatory practice and discusses if and how effective competition can be created in sectors, which are at least partly natural monopolies.

K. Viscusi, J. Harrington, J. Vernon, Economics of regulation and antitrust. 4th. ed. MIT Press 2005;
Borrmann, J. und Finsinger, J., Markt und Regulierung. Verlag Vahlen 1999.

David Newbery, 1999, Privatization, Restructuring, and Regulation of Network Industries, MIT Press offers an excellent combination of theoretical insights and specific case studies, in particular with respect to the liberalization process.

Pepall, Richard, and Norman (PRN): Industrial Organization: Contemporary theory and practice, South Western, 3rd edition. 2005. Introduction to Economic Analysis by R. Preston McAfee.

This course will be held in presence and in English.