Course: Regulatory Policy (5206-212)

Persons:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Type of Course:

lecture with exercise

In-Class Hours Per Week:

2

Contents:

The course on »Regulatory Policy« deals with various kinds of market failure and with possibilities to reduce or eliminate them.

In the first part of the course the general principles of Regulatory Policy according to the so-called "Freiburg School of Regulatory Policy" are explained. Based on these principles the main sources of market failure like extenalities, public goods, monopolistic competition, asymmetric information etc. are discussed. Then suitable policy instruments for the reduction or even elimination of the different kinds of market failure are explained on the basis of neoclassical allocation theory.

Literature:

Breyer, F./ Kolmar, M. (2010), Grundlagen der Wirtschaftspolitik, 3. Auflage, Tübingen.

Vanberg, V. (1997), Die normativen Grundlagen von Ordnungspolitik, ORDO, Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, Bd. 48, S. 707-726.

Fritsch, M. (2011), Marktversagen und Wirtschaftspolitik, 8. Auflage, München.

Weimann, J. (2004), Wirtschaftspolitik - Allokation und kollektive Entscheidung, 3. Aufl., Heidelberg.

Further readings will be announced in the lecture.

Location:

Hohenheim

Module:

• 5206-210 AVWL 1: Market Failure and the State (compulsory)