Course
is taught in German, but most of the material is in English.
This
course concentrates on competition and regulation in the information
economy.The U.S. will be our principal research field, because of its
international advantage in information technology adoption. The seminar is
divided into two parts. The microeconomic part presents
competition theory, industrial organization, regulatory approaches and new
empirical evidence on markets of information goods. Our major purpose will
be to ask if these markets are especially prone to concentration processes
or even market failure and if this might constitute the precondition for
regulatory measures. These insights will help to assess the effectiveness
of regulatory measures in the U.S. and to discuss the observable market
structure evolution. The macroeconomic part of the course
expands the research field. Here, we analyze the impact of
information technologies on financial markets as well as on productivity
and economic growth in the 1990s. In this context, we will discuss the
comparative advantages of the U.S. vis a vis Europe and we ask what role
the discussed regulatory measures play.
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The
course is for graduate (Dept. of Economics) as well as undergraduate
students (JFKI). Students are strongly encouraged to visit introductory
courses in economics first. Course requirements are presentation and exam
at the end of the semester. Presentations should be scheduled before the
start of the semester. A list of topics you find here: Sekretariat, Abt.
Wirtschaft aus (R 232, Fr. Spannagel, Tel. 8385 36 03).
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