Regulation in theory and practice regarding multinational companies

 

In this course we focus on the main regulation and competition policies, that apply to multinational companies. In the first part of the course we revise the mainstream IO and competition theories, focusing on the market power of monopolies in the age of Big Data.

Then, we seek answers to the challenges which appeared with the rise of Facebook, Google and other multinational companies and try to discover what regulators can do with an antitrust problem like Google.

The course will be interactive, meaning that participants are required to form small groups and prepare for debates regarding firms’ antitrust cases. Each group will represent different parties and debate over the given topic.

 

Section teacher

Aliz McLean 

Analyst at Infrapoint Economic Consulting

Graduate of Central European University

Section organizers

Judit Berei

Eötvös Loránd University

bejudit27@gmail.com

(+36) 705101075

 

Ádám Víg

Corvinus University of Budapest

vig1396@gmail.com

(+36) 304028566

Detailed description

Day 1 – Introduction to competition policy

  • How did tech companies get so big? A brief introduction to and reminder of the economics of network effects, oligopoly, monopoly and effective competition
  • Competition policy versus regulation – approaches to handling worrying behaviour
  • Competition economics 1: market power and market definition – theory and practice
  • Competition economics 2: abuse of dominance

Day 2 – Monopolies and market power

  • Short case discussions based on short readings, student presentations: Microsoft interoperability/WMP; Microsoft browser choice; Google Android; Google AdSense
  • Competition economics 3: agreements
  • Competition economics 4: mergers
  • Short case discussions based on short readings: Amazon e-books; Microsoft/LinkedIn; Apple/Shazam; Google/Doubleclick mergers

Day 3 – Case studies

  • Guided case discussion: the Facebook/WhatsApp merger and its aftermath, other Facebook cases
  • Guided case discussion: the Facebook/WhatsApp merger and its aftermath, other Facebook cases

Day 4 – Case studies

  • Arguing a case: groupwork in two groups. Read the Google Shopping case and gather arguments for the plaintiff’s or defendant’s side
  • Arguing a case: groupwork in two groups. Read the Google Shopping case and gather arguments for the plaintiff’s or defendant’s side
  • Presentations by the two groups and debate

Requirements & Application:

If you would like to apply to our section please submit your academic cv, your motivation letter and a short blog post (800-1000 words) related to the topic of competition policy theory.

We welcome every student with ongoing BA(MSc) or MA(MSc) level education, with a strong focus on microeconomics.

 

Register here to the Central European Conference and send the application material to the following e-mail: centraleuropeanconference2019.@gmail.com