Lecture 12 (Turbo) - Competition Policy
582 views · Published 3 January 2012 · 1:13:00 · Indexed 12 November 2026
Channel: The University of Chicago · 2012 · People & Blogs
ECON 20100: The Elements of Economic Analysis E. Glen Weyl, Assistant Professor of Economics and the College. "Competition Policy," November 22, 2011. The first part of this course discusses markets with one or a few suppliers. The second part focuses on demand and supply for factors of production and the distribution of income in the economy. This course also includes some elementary general equilibrium theory and welfare economics. This lecture considers how competition can mitigate and even eliminate the distortions created by market power. We develop several version's of Cournot's Theorem that sufficient competition eventually eliminates the distortions of market power. We then turn to the practical implications of this result, that the government should attempt to avoid excessive concentration by restricting mergers. We then explore the economic foundations of the approaches typically used to determine when a merger is likely to be harmful. For readings associated with this lecture and slides, visit: http://www.glenweyl.com/teaching ➡ Subscribe: http://bit.ly/UCHICAGOytSubscribe About #UChicago: Since its founding in 1890, the University of Chicago has been a destination for rigorous inquiry and field-defining research. This transformative academic experience empowers students and scholars to challenge conventional thinking in pursuit of original ideas. #UChicago on the Web: Home: http://bit.ly/UCHICAGO-homepage News: http://bit.ly/UCHICAGO-news Facebook: http://bit.ly/UCHICAGO-FB Twitter: http://bit.ly/UCHICAGO-TW Instagram: http://bit.ly/UCHICAGO-IG University of Chicago on YouTube: https://www.youtube.com/uchicago *** ACCESSIBILITY: If you experience any technical difficulties with this video or would like to make an accessibility-related request, please email [email protected].
More from this channel
-
0:46
The University of Chicago - Lasting Values
-
44:40
Lecture 9 - Why its Colder Aloft
-
45:42
Lecture 11 - Six Degrees
-
43:51
Lecture 14 - The Weathering CO2 Thermostat
-
47:24
Lecture 15 - The Lungs of the Carbon Cycle
-
40:22
Speciation: Problems and Prospects, Allen Orr and Jerry Coyne
-
2:31
How do Classic Works Affect Your Perspective of the World Today?
-
2:28
What Happens in a Basic Program Classroom?