Lectures on Antitrust Economicsshinedown attention attention

I also really enjoy the writing style: clear and precise. xref He focuses on three areas: price fixing, in which competitors agree to restrict output or raise price; horizontal mergers, in which competitors agree to merge their operations; and exclusionary vertical contracts, in which a competitor seeks to exclude a rival.Antitrust commentators widely regard the prohibition on price fixing as the most settled and economically sound area of antitrust.

Therefore, the book can also be used very well ascomplementary reading in any graduate course on competition policy wherestudents have some prior knowledge of industrial economics. £ 19.95. 1, pp.58-62. Overcharges attained in the US and European markets tend to be lower than overcharges achieved in the Asian markets and the rest of the world. 0000008978 00000 n In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research. Very helpful introduction to the economics of antitrust. This perspective contrasts with standard modelsof collusion which model explicit and implicit collusion in exactly the sameway.
Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. 0000001335 00000 n Rather, I focus selectively on some of the most recent developments in antitrust economics, and on some areas in which I believe there are important open issues requiring further research. April 1990.--P.1The purpose of this paper is to examine whether the current cartel fine levels of the European Union and the United States are at the optimal levels. Lectures on Antitrust Economics (Cairoli Lecture) Wählen Sie die Kategorie aus, in der Sie suchen möchten. Antitrust economics is a field that draws extensively on the economic theory of industrial organization, and the field's frontier is at the cutting edge of economic research. Juni 2015Rezension aus den Vereinigten Staaten vom 8. CT. ECON. In this paper it is shown from a general law and economics perspective that the application of rules instead of focus-sing on case-by-case analyses can have many advantages (less regulation costs, rent seeking and knowledge problems), although an additional differentiation of rules through a deeper assessment can also have advantages in regard to the reduction of decision errors of type I and II. I want to read more! Overall, I am fullyconvinced that readers will not be disappointed by this stimulating,Baker JB (1988) Private information and the deterrent effect of antitrustBolotava Y (2006) Cartel overcharges: an empirical analysis. Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. "This book is a gem: concise, to the point, and beautifully written. Whinston exclusively deals withclass of vertical restraints, namely exclusive contracts whercontract agrees to only deal with the other party for some set of transactionsfranchising agreements are not dealt with, the chapter ignores much of thecurrent debate around vertical restraints.

Hinzufügen war nicht erfolgreich. Variation an der Kasse je nach Lieferadresse. The lectures are particularly successful at integrating theoretical models and empirical analysis." While I am skeptical about the book’saccessibility for lawyers (even though some math has been relegated tofootnotes), the book is easily comprehensible for all students and economistswith some prior knowledge of industrial economics. I also consider more innovative reforms to Australia’s competition regulations, to improve the transparency of pricing and to reduce customer switching costs. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything This is followed by brief discussions of several other strategies (including limit pricing and raising rivals' costs), with business applications. 0000002983 00000 n All rights reserved.Lectures on Antitrust Economics (Cairoli Lecture Series): Both in US antitrust and EU competition policy a development to a broader appli-cation of rule of reason instead of per se rules can be observed. No. 0000003542 00000 n Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." First, the United States must acquire the ability to analyze other legal systems from the point of view of whether legal rules and institutions serve their needs, not ours. The social impact of thisprocess is an issue that received a lavish attention in both the economicliterature and the policy debate. 0000000016 00000 n Accompanying this lecture are the PowerPoint slides and various film clips from the lecture. In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research.

Michael D. Whinston’s Lectures on Antitrust Economics, reviewed by Robert E. Hall Whinston’s elegant volume, derived from lectures given at Torcuato University in Argentina, drills into three important topics in competition policy: collusion, mergers, and exclusive contracts.
Gefühle müssen nicht laut sein, um gehört zu werden.Diese Einkaufsfunktion lädt weitere Artikel, wenn die Eingabetaste gedrückt wird. He focuses on three areas: price fixing, in which competitors agree to restrict output or raise price; horizontal mergers, in which competitors agree to merge their operations; and exclusionary vertical contracts, in which a competitor seeks to exclude a rival.

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