everything.study
ECON 472

Market Power: Theory and Policy

3 units

Fall 2025

Topics

  • Market power measurement
  • Competition policy
  • Merger analysis
  • Collusion and horizontal agreements
  • Predatory pricing
  • Vertical integration and restraints

Readings

  • required
  • Blair, R. and D. Kaserman. 2009. Antitrust Economics. Oxford University Press.
    unspecified
  • Buccirossi, P. (ed.). 2008. Handbook of Antitrust Economics. MIT Press.
    unspecified
  • Trebilcock, M., R. Winter, P. Collins and E. Iacobucci. 2002. The Law and Economics of Canadian Competition Policy. University of Toronto Press.
    unspecified
  • Motta, M. 2004. Competition Policy: Theory and Practice. Cambridge University Press.
    unspecified
  • Davis, P. and E. Garces. 2010. Quantitative Techniques for Competition and Antitrust Analysis. Princeton University Press.
    unspecified
  • Tyhurst, J. 2025. Canadian Competition Law and Policy, updated first edition. University of Toronto Press.
    unspecified
  • required
  • CW, Appendix, Chapter 2 and Chapter 4
    recommended
  • BK, Chapter 3 Motta, Chapters 1 and 2. TWCI, Chapters 1 and 2. Tyhurst, Chapter 3. Shapiro, Carl (2018): “Antitrust in a Time of Populism,” International Journal of Industrial Organization, 61: 714-748
    recommended
  • Church and Ware, chapter 8, sections 8.2–8.4.
    recommended
  • CW, Chapter12 (section 12.1), Chapter 19 BK Chapter 6 DG, Chapter 4 (excluding certain sections to be announced in class). TWCI, Chapter 2, sections X and XI. Motta, Chapter 3. Tyhurst, Chapter 4. Ashenfelter, O., D. Ashmore, J. Baker, S. Gleason and D. Hosken (2006): “Empirical Methods in Merger Analysis: Econometric Analysis of Pricing in FTC v. Staples,” International Journal of the Economics of Business, 13: 265-279. McAfee, P., H. Mialon and M. Williams (2004): “What is a Barrier to Entry?” American Economic Review, 94: 461-465. Commissioner of Competition v. Ultramar Ltd., Statement of Grounds and Material Facts, available on Canvas
    recommended
  • CW, Chapter 10
    required
  • DG Chapter 7, section 7.1 Buccirossi, Chapter 6 TWCI, Chapter 3. Motta, Chapter 4. Tyhurst, Chapter 6. BK, Chapters 9, 10 and 11 (sections 2 to 5) Levenstein, M. and V Suslow (2006): “What Determines Cartel Success?”, Journal of Economic Literature, 44: 43-95. Porter, R. and J. Zona (1999): “Ohio School Milk Markets: An Analysis of Bidding,” RAND Journal of Economics, 30: 263-288. Competition Bureau Competitor Collaboration Guidelines
    recommended
  • BK, Chapter 12 DG, Chapter 8 Motta, Chapter 5 Tyhurst, Chapter 4 The Commissioner of Competition v. Superior Propane Inc., 2000 Comp Trib. 15
    recommended
  • Winter, R. (2015): “Tervita and the Efficiency Defence in Canadian merger Law”, Canadian Competition Law Review, 133-159
    recommended
  • BK Chapter 8 Motta, Chapter 7, section 7.2 TWCI Chapters 5 (Section 1) Tyhurst, Chapter 9 (Section C) Eckert, A. and D. West (2006): “Predation in Airline Markets: A Review of Recent Cases,” in Advances in Airline Economics, Vol. 1, D. Lee, editor, 25-52
    recommended
  • BK Chapters 14 -16, 21 TWCI Chapters 6 and 7 Tyhurst, Chapter 8 Tirole, J. (1988): The Theory of Industrial Organization, MIT Press, Chapter 4
    recommended
  • Evans, D. and R. Schmalensee (2013): “The Antitrust Analysis of Multi-Sided Platform Businesses.” Working Paper
    recommended
Fall 2024

Readings

  • unspecified
  • Blair, R. and D. Kaserman (2009): Antitrust Economics, Oxford University Press
    unspecified
  • Buccirossi, P., editor (2008): Handbook of Antitrust Economics, MIT Press. Available on reserve in Rutherford
    unspecified
  • Trebilcock, M., R. Winter, P. Collins and E. Iacobucci (2002): The Law and Economics of Canadian Competition Policy, University of Toronto Press. Available online through the University of Alberta library
    unspecified
  • Motta, M. (2004): Competition Policy: Theory and Practice, Cambridge University Press
    unspecified
  • Davis, P. and E. Garces (2010): Quantitative Techniques for Competition and Antitrust
    unspecified
  • Analysis, Princeton University Press
    unspecified
  • CW, Appendix, Chapter 2 and Chapter 4 BK, Chapter 3
    recommended
  • Motta, Chapters 1 and 2. TWCI, Chapters 1 and 2
    recommended
  • CW, Chapter12 (section 12.1), Chapter 19 BK Chapter 6 DG, Chapter 4 (excluding certain sections to be announced in class). TWCI, Chapter 2, sections X and XI
    recommended
  • Motta, Chapter 3
    recommended
  • Ashenfelter, O., D. Ashmore, J. Baker, S. Gleason and D. Hosken (2006): “Empirical Methods in Merger Analysis: Econometric Analysis of Pricing in FTC v. Staples,” International Journal of the Economics of Business, 13: 265-279. McAfee, P., H. Mialon and M. Williams (2004): “What is a Barrier to Entry?” American Economic Review, 94: 461-465. Commissioner of Competition v. Ultramar Ltd., Statement of Grounds and Material Facts, available on eclass
    recommended
  • CW, Chapter 10
    required
  • Erutku, C. and V. A. Hildebrand (2010): “Conspiracy at the Pump,” Journal of Law and Economics, 53: 223-236. Online notes, available on eclass
    required
  • Buccirossi, Chapter 6 TWCI, Chapter 3
    recommended
  • Motta, Chapter 4. BK, Chapters 9, 10 and 11 (sections 2 to 5)
    recommended
  • Levenstein, M. and V Suslow (2006): “What Determines Cartel Success?”, Journal of Economic Literature, 44: 43-95
    recommended
  • Porter, R. and J. Zona (1999): “Ohio School Milk Markets: An Analysis of Bidding,” RAND Journal of Economics, 30: 263-288. Competition Bureau Competitor Collaboration Guidelines
    recommended
  • Simpson, J. and Taylor, C. (2008) Do gasoline mergers affect consumer prices? The Marathon Ashland Petroleum and Ultramar Diamond Shamrock Transaction. Journal of Law and Economics 51: 135–152. Online notes, available on eclass
    required
  • Mathewson, G.F. and Winter, R. (2000): “The Analysis of Efficiencies in Superior Propane: Correct Criterion Incorrectly Applied”, Canadian Competition Record, 20: 88-97
    recommended
  • Pepall, L., D. Richards and G. Norman (2011): Contemporary Industrial Organization: A Quantitative Approach, Wiley, Chapter 11
    recommended
  • Ross, T. And R. Winter (2005): “The Efficiency Defence in Merger Law: Economic Foundations and Recent Canadian Developments,” Antitrust Law Journal, 72: 471
    recommended
  • Winter, R. (2015): “Tervita and the Efficiency Defence in Canadian merger Law”, Canadian Competition Law Review, 133-159
    recommended
  • Riordan, M., P. Bolton and J. Brodley (2000): "Predatory Pricing: Strategic Theory and Legal Policy" Georgetown Law Journal, 88: 2239-2330. Sections III-VI. Online notes, available on eclass
    required
  • Motta, Chapter 7, section 7.2 TWCI Chapters 5 (Section 1)
    recommended
  • Eckert, A. and D. West (2006): “Predation in Airline Markets: A Review of Recent Cases,” in Advances in Airline Economics, Vol. 1, D. Lee, editor, 25-52
    recommended
  • Tirole, J. (1988): The Theory of Industrial Organization, MIT Press, Chapter 4
    recommended
  • Evans, D. and R. Schmalensee (2013): “The Antitrust Analysis of Multi-Sided Platform Businesses.” Working Paper
    recommended
Sources