1. Introduction
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- 1.1 Welcome
- 1.2 Why take this course?
2. Role of Competition Law
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- 2.1 Why competition law?
- 2.2 Need for economics in competition cases
- 2.3 Moving from MRTP to the Competition Act, 2002
- 2.4 Competition Commission of India (CCI) and COMPAT
3. Basic Microeconomics
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- 3.1 Demand and supply curve
- 3.2 Elasticity
- 3.3 Cross-price elasticity
- 3.4 Marginal cost
- 3.5 Producer surplus and consumer surplus
4. Goals of Competition Law
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- 4.1 Efficiency
- 4.2 Consumer welfare
5. Economic Approaches - Form versus Effect
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- 5.1 The Harvard School approach
- 5.2 Chicago School approach
- 5.3 Which theory does India follow?
- 5.4 Transaction cost and industrial organisation theories
6. Market Power and its Abuse
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- 6.1 What is market power?
- 6.2 Identifying the source of market power
- 6.3 What is dominance?
7. Relevant Market
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- 7.1 Determining the relevant product market
- 7.2 Determining the relevant geographic market
8. Estimating Market Power
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- 8.1 Conditions necessary for market power
- 8.2 Using elasticity to determine market power
- 8.3 Estimating market power using market share
- 8.4 Estimating market power – Lerner Index
- 8.5 Estimating market power – HHI Index
- 8.6 Relationship between profits and market power
- 8.7 Calculating costs when there exist common costs
9. Determining the Relevant Market
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- 9.1 Relevant market – Hypothetical Monopolist Test or SSNIP test
- 9.2 Critical loss analysis
- 9.3 Demand and supply substitutability
10. Abuse and Vertical Restraints
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- 10.1 What is abuse of dominant position?
- 10.2 Vertical restraints - the concept
- 10.3 Principal agent relationship in economics
- 10.4 Justifying vertical restraints
11. Other forms of Abuse
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- 11.1 Tying and bundling
- 11.2 Justifying tying and bundling
- 11.3 Predatory pricing
- 11.4 Justifications for predatory pricing
12. Collusions and Cartels
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- 12.1 Understanding collusions and collusive agreements
- 12.2 Identifying a cartel – conditions necessary for cartels
- 12.3 Defending a cartel
- 12.4 Justifying cartels
13. Good bye
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- 13.1 Conclusion and next steps