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Monopoly regulation

September 2013

Sciences Po

Emmanuel Frot and Nathalie Daley teach a course on industrial organization to students of the Master in Finance and Strategy at SciencesPo.

The objective of the course is to provide a working knowledge of the analytical tools of industrial organization useful to understand the strategic decisions firms make. Its purpose is different from a more traditional industrial organization course as it does not make use of mathematical modelling but rather seeks to show student how economic concepts apply to real-world market situations. Although clearly applied, the course does not eschew theoretical concepts and also provides students with a basic but solid introduction to microeconomic theory.

The fourth lecture discusses monopolies and their regulation. It presents different kind of monopolies, i.e. technological, legal and natural monopoly, and the reasons explaining the need of regulation. The main retail price regulations are also introduced as well their pros and cons.

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