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Actors and Strategies in Regulated Markets

Archive StampSeminar Regulated Markets

Dr. Thomas Triebs (Ifo Institute), Dainis Zegners, Anke Schulz, Karl Aschenbrücker

Course Goals and Overview

Many, but not all, modern technology markets are heavily regulated. Why is it the case that some markets are subject to regulation and some are not? Can firms and managers influence whether they are regulated by the government? Is competition different in regulated markets and if so, how do firms respond to this challenge?

This seminar seeks to give answers to these and other questions. We will start by giving an overview of the theory of regulation and applying it to the special case of regulation in the telecommunications sector. We will examine the question why governments choose to regulate certain markets, what are their goals and how can they achieve those goals. In a second step, we will look at the question what governments can do to ensure that there is sufficient competition in markets without regulating them explicitly. This is an important question, since in many technology markets we observe very dominant firms such as Google, Apple or Microsoft, but regulating these markets might hamper their innovativeness. Finally, we will take a closer look at firm strategies in regulated markets. How is strategic interaction different in regulated markets? Can firms try to influence government regulations in their favor and what are the consequences? This is also an important topic, since firm increasingly invest their resources into activities such as lobbying.

Field Trip to Berlin

To also explore the practical side of regulation and lobbying, after the theoretical part we will organize a field trip to Berlin. During the trip, we plan to examine the interdependencies between the private and the public sector, and talk to experts and regulators. The field trip is expected to cost each student approximately 250 €. This includes flights to Berlin and two nights in a hotel. Of course you can also save money by traveling yourself or by staying with friends. The field trip is planned to take place in November or December. We let you know as soon we have fixed the dates.

Application

To apply, please send your CV and a recent transcript to Anke Schulz (schulz@lmu.de.). Students that have successfully passed our course "Management and Economics of Network Industries" will be accepted preferentially to the seminar.

Organization

General

Dates Monday, 19.10.2015, 14:00-17:00, Kaulbachstr. 45, Room 202
Monday, 26.10.2015, 14:00-17:00, Kaulbachstr. 45, Room 202
Monday, 2.11.2015, 14:00-17:00, Kaulbachstr. 45, Room 202
Tuesday, 8.12.2015, 9:00-16:00 (Student Presentations), Kaulbachstr. 45, Room 202
Trip to Berlin: tba (most likely November or December 2015)
Deadlines Sunday, 11.10.2015 (Application) (--Deadline Extended--)
Sunday, 10.01.2015 (Seminar Thesis)
Credits 6 ECTS in module MM&I (PO 08)
Examination 15 min. presentation
Seminar Thesis (22.200 characters) [Please strictly adhere to our formal requirements (206 kB)]

Further Information

Anke Schulz, Phone: +49 (0) 89 / 2180 - 6110, schulz@lmu.de