Economics of Regulation and Antitrust

Economics of Regulation and Antitrust
Available:
Author: W. Kip Viscusi,Joseph Emmett Harrington,David Edward Michael Sappington
Pages: 966
ISBN: 9780262038065
Release: 2018
Editor: Mit Press

DESCRIPTION OF THE BOOK:

A thoroughly revised and updated edition of the leading textbook on government and business policy, presenting the key principles underlying sound regulatory and antitrust policy. Regulation and antitrust are key elements of government policy. This new edition of the leading textbook on government and business policy explains how the latest theoretical and empirical economic tools can be employed to analyze pressing regulatory and antitrust issues. The book departs from the common emphasis on institutions, focusing instead on the relevant underlying economic issues, using state-of-the-art analysis to assess the appropriate design of regulatory and antitrust policy. Extensive case studies illustrate fundamental principles and provide insight on key issues in regulation and antitrust policy. This fifth edition has been thoroughly revised and updated, reflecting both the latest developments in economic analysis and recent economic events. The text examines regulatory practices through the end of the Obama and beginning of the Trump administrations. New material includes coverage of global competition and the activities of the European Commission; recent mergers, including Comcast-NBC Universal; antitrust in the new economy, including investigations into Microsoft and Google; the financial crisis of 2007-2008 and the Dodd-Frank Act; the FDA approval process; climate change policies; and behavioral economics as a tool for designing regulatory strategies.

Economics of Regulation and Antitrust

Economics of Regulation and Antitrust
Available:
Author: W. Kip Viscusi,Joseph E. Harrington,John M. Vernon
Pages: 927
ISBN: 9780262220750
Release: 2005-08-19
Editor: MIT Press

DESCRIPTION OF THE BOOK:

This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.

Economics of Regulation and Antitrust fifth edition

Economics of Regulation and Antitrust  fifth edition
Available:
Author: W. Kip Viscusi,Joseph E. Harrington, Jr.,David E. M. Sappington
Pages: 1000
ISBN: 9780262346917
Release: 2018-08-14
Editor: MIT Press

DESCRIPTION OF THE BOOK:

A thoroughly revised and updated edition of the leading textbook on government and business policy, presenting the key principles underlying sound regulatory and antitrust policy. Regulation and antitrust are key elements of government policy. This new edition of the leading textbook on government and business policy explains how the latest theoretical and empirical economic tools can be employed to analyze pressing regulatory and antitrust issues. The book departs from the common emphasis on institutions, focusing instead on the relevant underlying economic issues, using state-of-the-art analysis to assess the appropriate design of regulatory and antitrust policy. Extensive case studies illustrate fundamental principles and provide insight on key issues in regulation and antitrust policy. This fifth edition has been thoroughly revised and updated, reflecting both the latest developments in economic analysis and recent economic events. The text examines regulatory practices through the end of the Obama and beginning of the Trump administrations. New material includes coverage of global competition and the activities of the European Commission; recent mergers, including Comcast-NBC Universal; antitrust in the new economy, including investigations into Microsoft and Google; the financial crisis of 2007–2008 and the Dodd-Frank Act; the FDA approval process; climate change policies; and behavioral economics as a tool for designing regulatory strategies.

The Economics of Regulation and Antitrust

The Economics of Regulation and Antitrust
Available:
Author: Giles H. Burgess
Pages: 484
ISBN: UVA:X002602641
Release: 1995
Editor: Addison-Wesley

DESCRIPTION OF THE BOOK:

Combining the economic analysis of regulation with a history of the politics of government control in the United States, The Economics of Regulation and Antitrust helps students understand how regulation has developed and continues to change, and how it affects economic and social welfare. Burgess aims to help students understand the role of regulation in a context where markets serve as the primary but not the sole agency for society in making resource allocations. The Economics of Regulation and Antitrust also places special emphasis on the economic efficiency of regulation.

Economic Regulation and Its Reform

Economic Regulation and Its Reform
Available:
Author: Nancy L. Rose
Pages: 704
ISBN: 9780226138169
Release: 2014-08-29
Editor: University of Chicago Press

DESCRIPTION OF THE BOOK:

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Network Access Regulation and Antitrust

Network Access  Regulation and Antitrust
Available:
Author: Diana L. Moss
Pages: 272
ISBN: 9781135994235
Release: 2005-03-04
Editor: Routledge

DESCRIPTION OF THE BOOK:

The rapid growth of network industries has generated much comment amongst academics and policy makers. This timely volume takes an interdisciplinary, case study-based approach to examining network issues and experiences in order to develop recommendations that can inform antitrust, regulatory and legislative policy. Legal, economic, political and institutional aspects of network access are analyzed. The first part of the volume focuses on five topics that are central to reasoned analysis of the access problem. The second part presents ten case studies of network access in the energy, transportation, telecommunications, internet and banking industries. The volume concludes with comparisons and contrasts across the cases and policy recommendations. Network Access, Regulation and Antitrust will prove invaluable to students of business, economics, law and economics and industrial economics, policy makers and academics working in the field.

Modern Economic Regulation

Modern Economic Regulation
Available:
Author: Christopher Decker
Pages: 472
ISBN: 9781107024236
Release: 2015
Editor: Cambridge University Press

DESCRIPTION OF THE BOOK:

This book synthesises the vast literature on economic regulation into a coherent overview of regulatory theory and practice.

Economics of Regulation and Antitrust

Economics of Regulation and Antitrust
Available:
Author: W. Kip Viscusi
Pages: 927
ISBN: 1282099973
Release: 2005
Editor: Unknown

DESCRIPTION OF THE BOOK:

This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future. The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.

Harmonising Regulatory and Antitrust Regimes for International Air Transport

Harmonising Regulatory and Antitrust Regimes for International Air Transport
Available:
Author: Jan Walulik
Pages: 252
ISBN: 9781351134897
Release: 2018-11-29
Editor: Routledge

DESCRIPTION OF THE BOOK:

Harmonising Regulatory and Antitrust Regimes for International Air Transport addresses the timely and problematic issue of lack of uniformity in legal standards for international civil aviation. The book focuses on discrepancies within the regulatory and antitrust framework, comprehensively reveals the major legal limitations and conflicts, and presents possible solutions thereto. It discusses possible strategies for multilateralisation and defragmentation of air law, and for international harmonisation of airline economic regulation with fair competition standards. This discussion extends to competition between air transport law and other legal regimes as well as to specific regulatory problems related to air transport. The unique feature of the book is that it reconciles distinct perspectives on these issues presented by renowned aviation and aerospace experts who represent the world’s key air transport markets and air law academic centres. By providing unbiased solutions that could serve as a base for future international arrangements, this book will be invaluable for aviation professionals, as well as students and scholars with an interest in air law, economic regulation, antitrust studies, international relations, transportation policy and airline management.

Government and Business

Government and Business
Available:
Author: David L. Kaserman,John William Mayo
Pages: 630
ISBN: UOM:39015027299877
Release: 1995
Editor: Harcourt Brace College Publishers

DESCRIPTION OF THE BOOK:

Competition and Regulation in the Data Economy

Competition and Regulation in the Data Economy
Available:
Author: Gintarè Surblytė-Namavičienė
Pages: 296
ISBN: 9781788116657
Release: 2020-10-30
Editor: Edward Elgar Publishing

DESCRIPTION OF THE BOOK:

This incisive book provides a much-needed examination of the legal issues arising from the data economy, particularly in the light of the expanding role of algorithms and artificial intelligence in business and industry. In doing so, it discusses the pressing question of how to strike a balance in the law between the interests of a variety of stakeholders, such as AI industry, businesses and consumers.

Lectures on Antitrust Economics

Lectures on Antitrust Economics
Available:
Author: Michael Dennis Whinston
Pages: 249
ISBN: 0262731878
Release: 2008
Editor: MIT Press (MA)

DESCRIPTION OF THE BOOK:

An account of the economics behind antitrust law, discussing recent developments in the areas of price fixing, horizontal mergers, and exclusionary vertical contracts.

The Theory of Collusion and Competition Policy

The Theory of Collusion and Competition Policy
Available:
Author: Joseph E. Harrington
Pages: 144
ISBN: 9780262036931
Release: 2017-11-09
Editor: MIT Press

DESCRIPTION OF THE BOOK:

Introduction -- Game-theoretic modelling issues -- Impact of competition policy on collusion -- Optimal competition policy -- Some areas for future research

Competition Law and Economic Regulation

Competition Law and Economic Regulation
Available:
Author: Niamh Dunne
Pages: 392
ISBN: 9781107070561
Release: 2015-03-26
Editor: Cambridge University Press

DESCRIPTION OF THE BOOK:

A nuanced assessment of the relationship between competition law and economic regulation, focusing on substantive and policy-oriented concerns.

The Antitrust Paradigm

The Antitrust Paradigm
Available:
Author: Jonathan B. Baker
Pages: 310
ISBN: 9780674975781
Release: 2019-05-06
Editor: Harvard University Press

DESCRIPTION OF THE BOOK:

At a time when tech giants have amassed vast market power, Jonathan Baker shows how laws and regulations can be updated to ensure more competition. The sooner courts and antitrust enforcement agencies stop listening to the Chicago school and start paying attention to modern economics, the sooner Americans will reap the benefits of competition.

Imperfect Markets and Imperfect Regulation

Imperfect Markets and Imperfect Regulation
Available:
Author: Thomas-Olivier Leautier
Pages: 416
ISBN: 9780262351041
Release: 2019-03-19
Editor: MIT Press

DESCRIPTION OF THE BOOK:

The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.

Government and Markets

Government and Markets
Available:
Author: Edward J. Balleisen,David A. Moss
Pages: 559
ISBN: 9780521118484
Release: 2010
Editor: Cambridge University Press

DESCRIPTION OF THE BOOK:

After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.

Economics and Regulation in China

Economics and Regulation in China
Available:
Author: Michael Faure,Guangdong Xu
Pages: 348
ISBN: 9781134623006
Release: 2013-10-15
Editor: Routledge

DESCRIPTION OF THE BOOK:

This book, from a top international group of scholars, explores the ways in which economic tools can be used to improve the quality of regulation in general and legislative tools in particular. As the role of law becomes increasingly important in China, the question arises of how effective regulatory and legislative tools can be developed to accompany the Chinese evolution towards a welfare state. China therefore provides a unique case study for scholars and policymakers interested in examining how regulation can play a role in promoting sustainable development. Economics and Regulation in China goes beyond traditional economic analysis of law by focusing specifically on the question of how economic tools can guide the quality of legislation. To this end, the book centres in on three areas: regulation as a tool of economic growth, competition policy and environmental policy. Not only are these three domains of great importance for China, but they are also relevant for a broad scholarship interested in the economic analysis of law. This volume contributes to discussions on how ex-ante evaluation of legislative proposals and ex-post analysis can increase the effectiveness and efficiency of regulation, using economic tools, offering insights that go beyond the particular case of China. The analysis offered by this book makes it an invaluable resource for academics and policymakers alike.

Regulation and Its Reform

Regulation and Its Reform
Available:
Author: Stephen G. Breyer
Pages: 472
ISBN: 0674753763
Release: 1982
Editor: Harvard University Press

DESCRIPTION OF THE BOOK:

Develops a theory of trade regulation, shows the kinds of problems that can occur when the wrong type of controls are placed on an industry, and suggests an approach for modifying regulatory policies

Competition Law as Regulation

Competition Law as Regulation
Available:
Author: Josef Drexl,Fabiana Di Porto
Pages: 448
ISBN: 9781783472598
Release: 2015-10-30
Editor: Edward Elgar Publishing

DESCRIPTION OF THE BOOK:

To what extent should competition agencies act as market regulators? Competition Law as Regulation provides numerous insights from competition scholars on new trends at the interface of competition law and sector-specific regulation. By relying on the experiences of a considerable number of different jurisdictions, and applying a comparative approach to the topic, this book constitutes an important addition to international research on the interface of competition and regulation. It addresses the fundamental issues of the subject, and contributes to legal theory and practice. Topics discussed include foundations of the complex relationship of competition law and regulation, new forms of advocacy powers of competition agencies, competition law enforcement in regulated industries in general, information and telecommunications markets, and competition law as regulation in IP-related markets. Scholars in the two fields of law and economics will find the research aspects of the book to be of interest. Officials in competition and regulatory agencies will benefit from the practical relevance of the book.