Lectures on Antitrust Economics

Lectures on Antitrust Economics
Author :
Publisher : MIT Press
Total Pages : 265
Release :
ISBN-10 : 9780262731874
ISBN-13 : 0262731878
Rating : 4/5 (878 Downloads)

Book Synopsis Lectures on Antitrust Economics by : Michael D. Whinston

Download or read book Lectures on Antitrust Economics written by Michael D. Whinston and published by MIT Press. This book was released on 2008-01-25 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." 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. 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. 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. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. In his discussion of horizontal mergers, Whinston describes the substantial advances in recent theoretical and empirical work and suggests fruitful directions for further research. The complex area of exclusionary vertical contracts is perhaps the most controversial in antitrust. The influential "Chicago School" cast doubt on arguments that vertical contracts could be profitably used to exclude rivals. Recent theoretical work, to which Whinston has made important contributions, instead shows that such contracts can be profitable tools for exclusion. Whinston's discussion sheds light on the controversy in this area and the nature of those recent theoretical contributions. Sponsored by the Universidad Torcuato Di Tella


Lectures on Antitrust Economics Related Books

Lectures on Antitrust Economics
Language: en
Pages: 265
Authors: Michael D. Whinston
Categories: Business & Economics
Type: BOOK - Published: 2008-01-25 - Publisher: MIT Press

DOWNLOAD EBOOK

Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation is often industry-sp
The Antitrust Paradigm
Language: en
Pages: 369
Authors: Jonathan B. Baker
Categories: Law
Type: BOOK - Published: 2019-05-06 - Publisher: Harvard University Press

DOWNLOAD EBOOK

A new and urgently needed guide to making the American economy more competitive at a time when tech giants have amassed vast market power. The U.S. economy is g
Lectures on Antitrust Economics
Language: en
Pages:
Authors:
Categories:
Type: BOOK - Published: 2003 - Publisher:

DOWNLOAD EBOOK

Antitrust Law in the New Economy
Language: en
Pages: 330
Authors: Mark R. Patterson
Categories: Law
Type: BOOK - Published: 2017-02-01 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Markets run on information. Buyers make decisions by relying on their knowledge of the products available, and sellers decide what to produce based on their und
The Antitrust Enterprise
Language: en
Pages: 392
Authors: Herbert HOVENKAMP
Categories: Law
Type: BOOK - Published: 2009-06-30 - Publisher: Harvard University Press

DOWNLOAD EBOOK

After thirty years, the debate over antitrust's ideology has quieted. Most now agree that the protection of consumer welfare should be the only goal of antitrus