Lectures on Antitrust Economics

Enforcement; Pro Bono Kicks Off; New Faculty Profiles; Visiting Scholars; Books Booked for Iraq; Faculty Briefs; Firmage’s Fête Mapping Terrain in International Law; Alumni Reunions; On the Move; In Memoriam improved. The lectures do not strive to be comprehensive in their coverage. Ampapers on economic activity: microeconomics, pp 205–286Mankiw NG, Whinston M (1986) Free entry and social inefﬁciency. Data sets for United States cartels are assembled and examined (these cartels overcharged an average of 18% to 37%, depending upon the data set and methodology employed in the analysis and whether mean or median figures are used). £ 19.95. The Economics Book: Big Ideas Simply Explained – ggf. 0000001581 00000 n 0000001156 00000 n

%PDF-1.4 %�� Results on the impact of changes in the antitrust law environment over time on the size of cartel overcharges are mixed. Copyright 1987 by University of Chicago Press. Lectures on Antitrust Economics (Cairoli Lectures) | Whinston, Michael D | ISBN: 9780262731874 | Kostenloser Versand für alle Bücher mit Versand und Verkauf duch Amazon. The article does this by collecting and analyzing the available information concerning the size of the overcharges caused by hard core pricing fixing, bid rigging, and market allocation agreements. Interestingly enough, a similar point has recently beenmade by Christiansen and Kerber (2006) within the debate around the costspoint is rarely noted and often forgotten.

Capital in the Twenty-First Century 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. The MIT Press, Cambridge, MA, London 2006. Wählen Sie die Kategorie aus, in der Sie suchen möchten. As predicted by cartel theory, market structure is an important determinant of the overcharge level. 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 … Since in many markets thefactors that facilitate conscious parallelism and unilaterathe same as those factors that facilitate explicit collusion, ﬁndingsigns for conscious collusion is a more challenging task than is sometimesrecognized. Laden Sie eine der kostenlosen Kindle Apps herunter und beginnen Sie, Kindle-Bücher auf Ihrem Smartphone, Tablet und Computer zu lesen.Geben Sie Ihre Mobiltelefonnummer ein, um die kostenfreie App zu beziehen. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. Michael D. Whinston is Robert E. and Emily H. King Professor of Business Institutions in the Department of Economics at Northwestern University. All from a neoclassical perspective, the author begins by discussing classic monopoly, … As Whinston explains, the‘‘importance of administrative costs for the design of optimal antitrust policyjournal article that shows that a particular practice could raise or lowerwelfare to conclude that this implies that the practice should be accorded arule of reason standard’’ (p. 19).

The social impact of thisprocess is an issue that received a lavish attention in both the economicliterature and the policy debate. 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. Bitte versuchen Sie es später noch einmal.Wir konnten Ihre Stimmabgabe leider nicht speichern. Um aus diesem Karussell zu navigieren, benutzen Sie bitte Ihre Überschrift-Tastenkombination, um zur nächsten oder vorherigen Überschrift zu navigieren.Deceptive buying - Cannot download to Kindle device I cannot think of a better introduction to antitrust economics and policy. The number of cartel participants and the size inequality among them are inversely related to the overcharge level. As Whinston argues, a per se rule masks ‘‘a more complex reality’’than usually conceived.

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. No.

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