Public Policy in Private Markets Debate 1. Announcements Today: Debate 1 (clicker questions throughout)  HW 3 due today Thursday (3/8): in-class midterm.

Slides:

Advertisements

Similar presentations

1 Competition Law and Policy Workshop March 30-31, 2011 Savannah Hotel.

Advertisements

CptS 401, Spring /14/11 Final Exam Review 1.

Please CLOSE YOUR LAPTOPS, and turn off and put away your cell phones, and get out your note-taking materials. Today’s daily quiz will be given at the.

AAEC 3315 Agricultural Price Theory CHAPTER 4 Theory of Production Some General Concepts.

Finance 454: Real Estate Market Analysis A Short Course in the Analysis of Residential and Commercial Real Estate Markets Wayne Foss, MBA, MAI, CRE Foss.

Introduction: A Scenario

CIS 310 Management Information Systems Course Overview Guthrie, Summer 2014.

Perfect Competition Chapter 12. Costs and Supply Decisions How much should a firm supply? (Profits = Revenues – Costs) ▫Firms and their managers should.

Syllabus Please print off and read through syllabus completely. It can be found on my website which is :

Public Policy in Private Markets Merger Policy. Announcements Check iclicker grades. If you are using iclicker and do not see grades, let me know ASAP.

Using Animals for Research. Level 5: Identify ethical and moral issues linked to animal research. Level 6. Describe how particular animal research has.

AS Economics and Business How size affects market power Unit 2B By Mrs Hilton for revisionstation.

Public Policy in Private Markets Debate 3 Vertical Restraints Wrap Up.

Administrative Stuff (yawn) How rude - I think I forgot to introduce myself. Lecturer: Rob Day Cell Office Kenny Road, Room 200E.

Business Marketing Overview of Course Dr. Dawne Martin Calvin 201 B – 107 next week Office telephone: Office.

Monopoly Chapter 7 Copyright © 2011 by The McGraw-Hill Companies, Inc. All Rights Reserved.McGraw-Hill/Irwin.

Public Policy in Private Markets Debate 2 Merger wrap up.

MGS 351 Introduction to Management Information Systems

Public Policy in Private Markets Monopolization (section 2, Sherman Act)

The Firms in Perfectly Competitive Market Chapter 14.

0 Chapter In this chapter, look for the answers to these questions:  What is a perfectly competitive market?  What is marginal revenue? How is.

Principles of Economics Ohio Wesleyan University Goran Skosples Firms in Competitive Markets 9. Firms in Competitive Markets.

10/10/2015 IENG 471 Facilities Planning 1 IENG Lecture END Project Report Requirements & Project Presentation Information.

Econ 111 Principles of Macroeconomics Welcome!. “Economics is common sense made difficult” As seen by an undergraduate student.

Contestable Markets A2 Economics.

1 Test Next Period Summer 3, 2015 Final Examination.

Math 115b Section 3 (Spring 09)  Instructor: Kerima Ratnayaka   Phone :  Office.

Public Policy in Private Markets Collusion. Announcements HW:  HW 1, graded – can pick up at the end of class  HW 2, due 3/1; HW 3 due 3/6 3/6: first.

Craig Schock, 2004 Basic Exam information Time and location Exam Regulations Illness during exam Taking the exam Chapter breakdown Brief Overview Tips.

Project Presentation Fifteen – twenty minutes for each team Each member will participate in the presentation Develop presentation material.

Econ 110 Principles of Microeconomics Welcome!. Dr. Anwar Al-Shriaan Economics Department Office hours: Monday and Wednesday 10:00 – 10:50 am and by appt.

ACCT 2302 Fundamentals of Accounting II Spring 2011 Lecture 8 Professor Jeff Yu.

Welcome to Physics 122 ! Welcome to Physics 122 ! Here are today's announcements. (Tues. 18 Aug.) Instructor: Paul Arendt (that's me). Office: Workman.

Monopoly and Oligopoly Announcements See web page for all exam information. Please get to exam rooms on time and have your CU ID ready to show the proctor.

Evaluation & Assessment 10/31/06 10/31/06. Typical Point Breakdown COURSE GRADES: Grades will be assigned on the basis of 450 points, distributed as follows:

Welcome to PHY2049 Physics for Engineers and Scientists II Dr. Bindell SPRING 2009 Dr. J. B. Bindell.

AP Multiple Choice Tips. THE MULTIPLE CHOICE QUESTIONS THERE ARE 60 QUESTIONS IN 45 MINUTES THERE ARE 5 CHOICES EVERY ONE WRONG DOES NOT COUNT ANY POINTS.

1 © 2010 by ACT, Inc. All rights reserved. Life After JM GET SET FOR.

CDAE Class 27 Dec. 4 Last class: 8. Perfectively competitive markets 9. Policy analysis Today: 9. Policy analysis Class evaluation Quiz 8 (optional.

Instructional Variety (the BIG 6) Wrap-up Card Q: What do you worry about most as you begin to work with students? Agenda 1.Review of take-home final 2.Review.

CS 101-E Announcements. 22 Jan 2007 Office Hours Office Hours Start this week, hours are posted on class website Start this week, hours are posted on.

AP Human Geography Course Outline Geography: Its Nature and Perspectives 5-10% Population: 13-17% Cultural Patterns and Processes: 13-17% Political Organization.

Soc 220H1: Social Stratification Josh Curtis Department of Sociology University of Toronto Fall 2013.

General Physics1 Welcome to Phys 140!

WELCOME to DEBATE! First: Choose 1 of the 2 questions below Write an argument with 2-3 warrants. (1)The best way to find the slope of the line through.

Jeopardy Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy Vocab 1Vocab 2Perfection Mono e mono Put em up.

Syllabus Highlights CSE 1310 – Introduction to Computers and Programming Vassilis Athitsos University of Texas at Arlington 1.

INTRODUCTION: WELCOME TO STAT 200 January 5 th, 2009.

Final Exam Summary EE 457, April 30, 2015 Dr. McCalley.

Microeconomics ECON 2302 Spring 2010 Marilyn Spencer, Ph.D. Professor of Economics Review: Chapters 6, 10, 11 & 12.

Monopoly 15. Monopoly A firm is considered a monopoly if... it is the sole seller of its product. it is the sole seller of its product. its product does.

WELCOME TO MANAGERIAL ECONOMICS MT 445 Discussion of Syllabus and Expectations in the Class.

AS Economics Unit 3 Exam technique. Marks and timings The exam is one hour, 30 minutes, and has 72 marks available That is one mark per minute, plus 18.

Lecture 17 Outline: DFT Properties and Circular Convolution

BUSI 406 PRINCIPLES OF MARKETING: FIRST EXAM REVIEW.

Syllabus and Class Policies MATH 130: Summer 2016.

Natural Monopolies 2017.

Welcome to the Community College of Rhode Island On Line Economics

Natural Monopolies 2017.

Announcements Exam 3 grades are posted online

I B MATH 2 H L/CALC BC Ms. Pawlowski.

Stat 414 – Day 15 Exam 1 Review.

Agenda for Phys 121 Common Exam 3

Clicker Question 1 Given: f(x) = 1 + x + x2/2 + x3/3! + x4/4!, g(x) = x - x3/3! + x5/5!, and h(x) = (x –1) – (x –1)2/2 + (x –1)3/3 – (x –1)4/4.

©2017 John M. Abowd and Jennifer P. Wissink, all rights reserved.

AS Micro exam technique

2018 ICN UCWG Workshop BOS 2 – Predatory Pricing Group D

4 + (-5) = A. Start at zero B. Move ______ spaces ___________ to get to the first number. C. From there, move _____ spaces __________ D. My final answer.

Microeconomics ECON 2302 Summer 1, 2010

Presentation transcript:

Public Policy in Private Markets Debate 1

Announcements Today: Debate 1 (clicker questions throughout)  HW 3 due today Thursday (3/8): in-class midterm Pick up HW 2 after class. i>clicker: 6 devices not registered (no registration = no credit)

Announcements 3/8: Midterm 1  In-class exam (11:15-12:30), will start a couple of minutes earlier to give all ample time.  Review sheet posted, including sample questions (40% multiple choice, 60% essay)  Available to answer questions via all the time.  On day of exam: 9-11 my office to answer questions

Debate 1 Group 1: Priscilla Lee, Angela Ho, Linh Troung (Spirit – plaintiff side)  First video Group 2: Devin Crory and Dave Esteves (Northwest – defense side)  Second Video Room for defense (5 minutes, max, per group) i>clicker questions throughout

Controversy What was the most controversial issue in this case? 1.Geographic market definition 2.Product Market definition 3.Calculation of relevant price (i.e. revenue) 4.Calculation of average cost

Guilty? Do you think NW is guilty of monopolization? 1.YES 2.NO

Clarity of Presentation Which side presented the clearest case? 1.Spirit (plaintiff) 2.Northwest (defense)

Strength of Arguments Which side presented the strongest economic arguments? 1.Spirit (plaintiff) 2.Northwest (defense)

Overall assessment of quality of presentation On a scale from 1 – 10 (1 poor, 10 outstanding), what would be your rating of the plaintiff’s side (Spirit)? On a scale from 1-10 (1 poor, 10 outstanding), what would be your rating of the defense side (Northwest)?

Controversy What was the most controversial issue in this cade? 1.Geographic market definition 2.Product Market definition 3.Calculation of relevant price (i.e. revenue) 4.Calculation of average cost

Guilty? Do you think NW is guilty of monopolization? 1.YES 2.NO

Spirit v. NWest – Predatory Pricing? Difficult issue  Stop potential harmful behavior  Allow vigorous competition Occurs infrequently?  Airlines may be exception Multimarket contact

Spirit v. NWest – Predatory Pricing? Difficult issue  Stop potential harmful behavior  Allow vigorous competition Occurs infrequently?  Airlines may be exception a  Airlines may be exception Price: unreasonably low? Price: unreasonably high?

Spirit v. NWest – Predatory Pricing? Difficult issue  Stop potential harmful behavior  Allow vigorous competition Occurs infrequently?  Airlines may be exception a  Airlines may be exception Big question: what would have been the “but-for” world?

Spirit v. NWest – Predatory Pricing? Market Definition  Geographic (BOS and PHL routes), why?  Product: controversial – local passengers vs. all passengers Market power  Large market share (however you compute it)  Entry barriers (loyalty, counter space, landing slots) – 76/86 gates owned by exclusive leases Intent: Predatory pricing  P<AVC: how are costs calculated? Spirit: include more costs NWest: a higher price

Spirit v. NWest – Predatory Pricing?

Intent: Predatory pricing is unclear, but:  No successful entrant afterwards  Controversial: lots of assumptions No final resolution yet (NW filed bankruptcy in 2007)

Exam Last portion of review sheet today