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National Chiao-Tung University

Institute of Technology Law

Course ID

ITL

Course Name

Economics of Law and Regulation

Instructor

Jin-Li Hu

Prerequisites

Economics

Textbooks

1.       Viscusi, W.K., J.E. Harrington and J.M. Vernon (2005), Economics of Regulation and Antitrust, 4th Edition, Cambridge (MA): MIT Press.

2.       Cooter, R. and T. Ulen (2000), Law and Economics, 3rd ed., Massachusetts: Addison-Wesley.

2.           Posner, R.A. (1992), Economic Analysis of Law, 4th ed., Boston: Little, Brown, and Company.

3.           Friedman, D. (2000), Law's Order, Princeton: Princeton University Press.

4.           Becker-Posner Blog, http://www.becker-posner-blog.com/.

5.           Nobel Prize in Economics, http://nobelprize.org/nobel_prizes/economics/.

6.           History of Economic Thought, http://cepa.newschool.edu/het/home.htm

7.           Journal of Law and Economics, http://www.journals.uchicago.edu/JLE/

8.           Journal of Law, Economics, and Organization, http://jleo.oxfordjournals.org/.

9.           Journal of Legal Studies, http://www.journals.uchicago.edu/JLS/home.html.

10.       Journal of Institutional and Theoretical Economics, http://www.mohr.de/jite.html

11.       European Journal of Law and Economics, http://www.kluweronline.com/issn/0929-1261

12.       American Law and Economics Review, http://aler.oxfordjournals.org/.

13.       Fair Trade Commission (TW), http://www.ftc.gov.tw/.

14.       Bureau of Intellectual Property (TW), http://www.tipo.gov.tw/.

15.       Transparency International, http://www.transparency.org/.

16.       Law and Economics Web Resources, http://lawecon.lp.findlaw.com/.

Objective of the Course

This course studies market failures and their corrections.?Verbal and mathematical reasoning will both be introduced.

Course outlines

1. Introduction

2. The Making of a Regulation

I. ANTITRUST

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3. Introduction to Antitrust

4. Efficiency and Technical Progress

5. Oligopoly, Collusion, and Antitrust

6. Market Structure and Strategic Competition

7. Mergers

8. Vertical Mergers and Vertical Restraints

9. Monopolization and Price Discrimination

II. ECONOMIC REGULATION

10. Introduction to Economic Regulation

11. Theory of Natural Monopoly

12. Natural Monopoly Regulation and Electric Power

13. Franchise Bidding and Cable Television

14. Public Enterprise

15. Dynamic Issues in Natural Monopoly Regulation: Telecommunications

16. The Regulation of Potentially Competitive Markets: Theory and Estimation Methods

17. Economic Regulation of Transportation: Surface Freight and Airlines

18. Economic Regulation of Energy: Crude Oil and Natural Gas

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III. HEALTH, SAFETY, AND ENVIRONMENTAL REGULATION

19. Introduction: The Emergence of Health, Safety, and Environmental Regulation

20. Valuing Life and Other Nonmonetary Benefits

21. Environmental Regulation

22. Product Safety

23. Regulation of Workplace Health and Safety

24. Patents and Pharmaceuticals

 

Course requirements

Class attendance (30%), in-class discussion (20%), midterm proposal (10%), oral presentation (20%), term paper (20%)

Correspondence

E-mail: jinlihu@yahoo.com

URL: http://jinlihu.tripod.com