Lecture: Competition and market structures: innovation technology and efficiency.

Prof. Simone Gitto


Production theory, technical efficiency and technological change, economies of scale and of scope. Competition Policy. Market power and social welfare. Market definition and assessment of market power. Regulation. Natural monopoly and contestability. Regulatory schemes. Liberalizations. Analysis of the industry structure. Analysis of ownership structure: privatization. Innovation and persistence of market dominance, network externalities. Some examples from energy and electricity market are discussed.