AK/ECON 3760 Instruction of Essay Prof. Y. Kong

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1 AK/ECON 3760 Instruction of Essay Prof. Y. Kong I. The Type of Essay: Students have the option of submitting a written essay which has a weight of 40% of their final grade. There are two types of essay. The first is a case analysis. Examples of recent cases which are worthy of economic analysis are: 1. Commissioner of Competition v. Air Canada (abuse of dominance) 2. Commissioner of Competition v. Canadian Waste Services Inc. (merger) 3. Commissioner of Competition v. Superior Propane Inc. (merger) 4. Director of Investigation and Research v. The D & B Companies of Canada (abuse of dominance) The second type of essay is summary and critical comments on the competition policy topic chosen by the student in consultation with the instructor. Examples of topics that may be of interest are: 1. Competition policy in the knowledge-based economy: See the FTC hearings 2. Increasing competition in Canadian airline market: See the CTA Review Panel report Also Ross and Stanbury, AProposals for Enhancing Competition in Canadian Airline Markets@ 3. Reforming the Competition Act: 4. Competition in retail banking in Canada: See J. F. Chant, Main Street or Bay Street: The Only Choices? (C. D. Howe Institute, 2001) 5. Raising Rivals= Costs as an antitrust theory: David T. Scheffman and Richard S. Higgins, A20 Years of Raising Rivals= Costs: History, Assessment, and Future@ 6. Encouraging competition in Canadian telecommunications: CRTC Public Notice : 1

2 The Case Study and Summary also can be based on following recourses: Web Sites Competition Bureau: Competition Tribunal: United States Department of Justice, Antitrust Division: United States Federal Trade Commission: Canadian Competition Policy Page: Competition Policy Center (Berkeley): Antitrust Policy: Enforcement Guidelines Canada: United States: Papers: 1. Objectives of Competition Policy Frank Mathewson, A Competition Policy in a Menu of Government Actions@ K&S pp Michael Trebilcock, A Competition Policy, Trade Policy and the Problem of the Second Best@ K&S pp David McQueen, ASome Other Objectives of Competition Policy@ K&S pp.21-8 Timothy J. Muris, AHow History Informs Practice B Understanding the Development of Modern U.S. Competition Policy@ (speech to the American Bar Association, November, 2003) available at: William E. Kovacic and Carl Shapiro, "Antitrust Policy: A Century of Economic and Legal Thinking"(Working Paper CPC99-09) F. M. Scherer, ASome Principles for Post-Chicago Anti-trust Analysis@ Case Western Reserve Law Review 52 (Fall, 2001) 2. The Evolution of Canadian Competition Policy Thomas W. Ross, AThe Evolution of Competition Law in Canada@ Review of Industrial Organization (April, 1998) A Competition Policy in Canada: Past and Future - Backgrounder for Canadian Competition Policy Preparing for the Future@ 3. Basic Issues in Competition Policy 3.1 Legal Framework, Sanctions and Enforcement Chuch and Ware, Appendix Mitchell Polinsky and Steven Shavell, AThe Economic Theory of Public Enforcement of Law@ Journal of Economic Literature 38 (March, 2000) pp Glenn Leslie and Stephen Bodley, AThe Record of Private Actions under Section 36 of the Competition Act@ Canadian Competition Record December, 1993, pp

3 3.2 The SCP Paradigm versus the New Industrial Economics Church and Ware, Ch.12 Jonathan Baker and Daniel Rubinfeld, AEmpirical Methods in Antitrust: Review and American Law and Economics Review, Fall 1999, pp Available at: Market Definition Church and Ware, Ch.19 Office of Fair Trading, Quantitative Techniques in Competition Analysis Research Paper 17, October 1999, Ch Gregory Werden, ADemand Elasticities: An Antitrust Antitrust Law Journal 66 (1998) pp Margaret Sanderson and Ralph Winter, "Geographic Market Definition in Canadian Waste Services" Canadian Competition Record (Summer 2002) pp AFixed-Mobile Intermodal Competition in Telecommunications: Fact or Phoenix Center Policy Bulletin Number 10, March, Definition and Measurement of Entry Barriers The World Bank, A Framework for the Design and Implementation of Competition Law and Policy (Washington, 1999) Annex 1 4. Mergers Church and Ware, Ch.23 Office of Fair Trading, Merger Appraisal in Oligopolistic Markets Research Paper 19, November 1999, Ch. 3, 4. David T. Scheffman and Mary Coleman, AQuantitative Analyses of Potential Competitive Effects from A Merger@ available at: Office of Fair Trading, Quantitative Techniques in Competition Analysis Research Paper 17, October 1999, Ch D. G. McFetridge, AMerger Enforcement under the Competition Act after Ten Years@ Review of Industrial Organization (April, 1998) included in Merger Notes Carl Shapiro, Mergers with Differentiated Products, (speech to the American Bar Association, 1995) Roy J. Epstein and Daniel Rubinfeld "Merger Simulation: A Simplified Approach with New Applications " (Working Paper CPC01-26) Roy J. Epstein and Daniel Rubinfeld, "Merger Simulation with Brand-Level Margin Data: Extending PCAIDS with Nests " (Working Paper CPC03-04) Gregory Werden, AA Robust Test for Consumer Welfare Enhancing Mergers Among Sellers of Differentiated Products@ The Journal of Industrial Economics 64 (December, 1996) pp Lin Bian and Donald G. McFetridge, A The Efficiencies Defence in Merger Cases: Implications of 3

4 Alternate Canadian Journal of Economics 33 (May, 2000) pp D.G.McFetridge, AEfficiencies Standards: Take Your Canadian Competition Record (Summer, 2002) pp Dominance Church and Ware, Ch.20 Jeffrey Church and Roger Ware, AAbuse of Dominance under the 1986 Canadian Competition Review of Industrial Organization (April, 1998) Robert Anderson and Brian Rivard, AAntitrust Policy Towards EFT Networks: The Canadian Experience in the Interac Antitrust Law Journal 67 (1999) pp David T. Scheffman and Richard S. Higgins, A20 Years of Raising Rivals= Costs: History, Assessment, and Richard Gilbert and Michael Katz, A An Economists Guide to Microsoft@ Journal of Economic Perspectives 15, (Spring 2000) pp also (Working Paper, CPC01-19) Benjamin Klein, A The Microsoft Case: What can a Dominant Firm do to Defend its Position?@ Journal of Economic Perspectives 15, (Spring 2000) pp Michael Winston, A Exclusivity, Tying and U.S. v. Microsoft: What We Know and What We Don=t Know@ Journal of Economic Perspectives 15, (Spring 2000) pp Carl Shapiro, "After markets and Consumer Welfare: Making Sense of Kodak," Antitrust Law Journal, 63, 1995, pp Dennis W. Carlton, "A General Analysis of Exclusionary Conduct and Refusal to Deal - Why Aspen and Kodak are Misguided" Antitrust Law Journal, 68, 2001, pp Michael D. Whinston, ATying, Foreclosure and Exclusion@ American Economic Review 80 (September, 1990) pp Predatory Pricing Church and Ware, Ch.21 William J. Baumol, A Predation and the Logic of the Average Variable Cost Test@ The Journal of Law and Economics 39 (April, 1996) Patrick Bolton, Joseph F. Brodley, and Michael H. Riordan, A Predatory Pricing: Strategic Theory and Legal Policy@ The Georgetown Law Journal 88 (2000) pp Patrick Bolton, Joseph F. Brodley, and Michael H. Riordan, A Predatory Pricing: Response to Critique and Further Elaboration@ The Georgetown Law Journal 89 (August, 2001) D. G. McFetridge, A The Commissioner of Competition v. Air Canada: Phase I@ 7. Vertical Restrictions Church and Ware, Ch.22 Frank Mathewson and Ralph Winter, A The Law and Economics of Resale Price Maintenance@ Review of Industrial Organization (April, 1998) Paul Dobson and Michael Waterson, Vertical Restraints and Competition Policy, Office of Fair 4

5 Trading, Research Paper 12, December, One more e-recourse is very useful for the paper search: ECONLit Type: Index/Database Indexes over 400 journals in the field of economics. As well as articles the index includes essays in books, conference proceedings, books, book reviews, dissertations and working papers. Coverage is from present. II. The Format of Essay and Case Study There are several sections have to be in the paper. 1. What are the key issues? 2. Simple model description (or case description). 3. What are main findings of the reference paper? 4. What are policy implications? 5. What are your critical comments of the papers? 6. List all references. Note: The final draft of paper has to be due on April 2 nd. 5