Economics of Regulation
This course explores the evolving regulatory structure affecting economic relations between manufacturers and distributors. The recent appearance and rapid growth of Internet retailers has disrupted traditional relationships between such firms, which provides both the background and context for this course. What has been the impact of Internet retailers; how have traditional retailers and manufactures reacted to the appearance of these new firms; and what has been the regulatory response? Classroom sessions will include discussion of these issues as well as lectures. Because regulatory issues concern legal as well as economic issues, this course will consider legal decisions along with economic arguments and analysis.
Students are required to write a 15 to 17 pages research paper on a topic related to the economic role of Internet commerce in a specific industry.