The purpose of a competition policy is to ensure that there are no restrictions to competition in the marketplace that are harmful to social welfare. This course provides students with an understanding of the economics of competition policy by applying elementary game theory and simple oligopoly models to analyse the effects of several profitable practices that may reduce welfare.
The main goal of the course is to provide students’ with an understanding of why competition policy is relevant and of which are the likely welfare effects, from an economic theory perspective, of several types of firm behavior/practices, allowing them to devise policy recommendations.

Prerequisites: Yes (see syllabus)