The Antitrust Revolution

Author: John E. Kwoka
Publisher: Oxford University Press, USA
ISBN: 0190668830
Release Date: 2018-07-13
Genre: Business & Economics

Revised edition of The antitrust revolution, [2014]

The Antitrust Revolution

Author: John E. Kwoka
Publisher: Oxford University Press, USA
ISBN: 0199315493
Release Date: 2013
Genre: Business & Economics

Fully updated to reflect important developments in antitrust economics, The Antitrust Revolution, Sixth Edition, examines the critical role of economic analysis in recent antitrust case decisions and policy. The case studies--more than half of which are entirely new--are written by prominent economists who participated in the proceedings of that case. Revised overview essays introduce the economics and law that are associated with the four sections: Horizontal Structure, Horizontal Practices, Vertical and Related Market Issues, and Network Issues. New to this edition: Appendices for several chapters now provide readers with greater depth in theoretical or empirical treatment of the issues in those chapters.

The Antitrust Revolution

Author: John E. Kwoka
Publisher: Oxford University Press, USA
ISBN: 0195161181
Release Date: 2004
Genre: Business & Economics

The Antitrust Revolution: Economics, Competition, and Policy, 4/e,consists of a set of twenty original essays on important recent antitrust cases,commissioned and edited by John E. Kwoka, Jr. and Lawrence J. White. Each essaydiscusses a single case and was written by an economist who actuallyparticipated in the case. The cases are organized into three major sections:horizontal structure; horizontal practices; and vertical and complementarymarket issues. Each section has an introductory/overview essay written by theeditors.This collection is a unique resource. No other book provides such detailedeconomic analyses of antitrust cases. No other book provides the comprehensivecoverage of recent and emerging issues as does this volume. None draws on theexperience and reputation of so many leading economists to explain the analysesthat underlay the arguments in their cases.The Antitrust Revolution, 4/e, can be used in undergraduate and graduateclasses in industrial organization, government policy, and antitrust/regulationlaw and economics. It is also a useful reference book for lawyers andeconomists--both academics and practitioners--who are interested in the types ofeconomic analyses that have been applied in recent antitrust cases.For this fourth edition, fourteen new cases have been added, and six casesfrom the third edition have been updated and shortened. Among the importantrecent antitrust cases covered in the book are the British Petroleum/ARCO merger(2000), Toys "R" S (2000), American Airlines (2001), US vs. Microsoft (2001),and AOL Time Warner (2000).

Competition Policy

Author: Massimo Motta
Publisher: Cambridge University Press
ISBN: 0521016916
Release Date: 2004-01-12
Genre: Business & Economics

The first book offering a systematic treatment of the economics of antitrust or competition policy.

Mergers Merger Control and Remedies

Author: John Kwoka
Publisher: MIT Press
ISBN: 9780262028486
Release Date: 2014-12-19
Genre: Business & Economics

In recent decades, antitrust investigations and cases targeting mergers -- including those involving Google, Ticketmaster, and much of the domestic airline industry -- have reshaped industries and changed business practices profoundly. And yet there has been a relative dearth of detailed evaluations of the effects of mergers and the effectiveness of merger policy. In this book, John Kwoka, a noted authority on industrial organization, examines all reliable empirical studies of the effect of specific mergers and develops entirely new information about the policies and remedies of antitrust agencies regarding these mergers. Combined with data on outcomes, this policy information enables analysis of, and creates new insights into, mergers, merger policies, and the effectiveness of remedies in preventing anticompetitive outcomes.After an overview of mergers, merger policy, and a common approach to merger analysis, Kwoka offers a detailed analysis of the studied mergers, relevant policies, and chosen remedies. Kwoka finds, first and foremost, that most of the studied mergers resulted in competitive harm, usually in the form of higher product prices but also with respect to various non-price outcomes. Other important findings include the fact that joint ventures and code sharing arrangements do not result in such harm and that policies intended to remedy mergers -- especially conduct remedies -- are not generally effective in restraining price increases. The book's uniquely comprehensive analysis advances our understanding of merger decisions and policies, suggests policy improvements for competition agencies and remedies, and points the way to future research.

The Antitrust Revolution in Europe

Author: Lee McGowan
Publisher: Edward Elgar Publishing
ISBN: 9781849807012
Release Date: 2010-01-01
Genre: Law

Lee McGowans authoritative book is a very welcome addition to the literature ondevelopments in European antitrust. It focuses primarily on EU supernational cartel policy, providing a fascinating, critical account of why policy developed as it has and of its effectiveness in detecting, punishing and deterring cartelists to the present. With its emphasis on institutional structures and decision makingprocesses and its use of examples, the book will be an invaluable reference for political scientists and should also attract a wide readership among economists and lawyers. - Eleanor J. Morgan, University of Bath, UK.

Quantitative Techniques for Competition and Antitrust Analysis

Author: Peter Davis
Publisher: Princeton University Press
ISBN: 9781400831869
Release Date: 2009-11-16
Genre: Business & Economics

This book combines practical guidance and theoretical background for analysts using empirical techniques in competition and antitrust investigations. Peter Davis and Eliana Garcés show how to integrate empirical methods, economic theory, and broad evidence about industry in order to provide high-quality, robust empirical work that is tailored to the nature and quality of data available and that can withstand expert and judicial scrutiny. Davis and Garcés describe the toolbox of empirical techniques currently available, explain how to establish the weight of pieces of empirical work, and make some new theoretical contributions. The book consistently evaluates empirical techniques in light of the challenge faced by competition analysts and academics--to provide evidence that can stand up to the review of experts and judges. The book's integrated approach will help analysts clarify the assumptions underlying pieces of empirical work, evaluate those assumptions in light of industry knowledge, and guide future work aimed at understanding whether the assumptions are valid. Throughout, Davis and Garcés work to expand the common ground between practitioners and academics.

Cases in European Competition Policy

Author: Bruce Lyons
Publisher: Cambridge University Press
ISBN: 9781139481069
Release Date: 2009-08-27
Genre: Business & Economics

Competition between firms is usually the most effective way of delivering economic efficiency and what consumers want. However, there is a balance to be struck. Firms must not be over-regulated and so hampered in their development of innovative products and new strategies to compete for customers. Nor must they be completely free to satisfy a natural preference for monopoly, which would give them higher profits and a quieter life. The economic role of competition policy (control of anticompetitive agreements, mergers and abusive practices) is to maintain this balance, and an effective policy requires a nuanced understanding of the economics of industrial organization. Cases in European Competition Policy demonstrates how economics is used (and sometimes abused) in competition cases in practical competition policy across Europe. Each chapter summarizes a real case investigated by the European Commission or a national authority, and provides a critique of key aspects of the economic analysis.

The Microsoft Antitrust Cases

Author: Andrew I. Gavil
Publisher: MIT Press
ISBN: 9780262027762
Release Date: 2014-11-21
Genre: Law

A comprehensive account of the decades-long, multiple antitrust actions against Microsoft and an assessment of the effectiveness of antitrust law in the digital age.

Industrial Organization in Context

Author: Stephen Martin
Publisher: Oxford University Press
ISBN: 9780199291199
Release Date: 2010-04-22
Genre: Business & Economics

This eagerly anticipated text from one of the worlds' leading academics in this field takes a truly international approach to this fascinating subject, providing a balanced approach to both EU competition policy and US antitrust. The structure of the text allows flexibility for the teacher, sothat they can teach from either a US, European approach or incorporate both. The text also includes contemporary topics not found in other texts of this kind such as Contestable Markets and Experimental Economics.To help instructors teach from this text, an Instructors Manual, PowerPoint Slides, and a Multiple-Choice Test bank are available to instructors from the supporting Online Resource Centre.

Monopsony in Law and Economics

Author: Roger D. Blair
Publisher: Cambridge University Press
ISBN: 9781139490979
Release Date: 2010-09-06
Genre: Business & Economics

Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.

The Atlantic Divide in Antitrust

Author: Daniel J. Gifford
Publisher: University of Chicago Press
ISBN: 9780226176109
Release Date: 2015-02-11
Genre: Law

The United States and the European Union operate the world s two most powerful systems of competition law and policy, whose enforcement and judicial institutions employ similar concepts and legal language. Yet the two regimes sometimes reach very different results on significant antitrust issues. In "The Atlantic Divide in Antitrust, "Daniel Gifford and Robert Kudrle show that a combination of differences in social values, political institutions, and legal precedent inhibit close convergence. The book explores the main contested areas of contemporary antitrust: mergers, price discrimination, predatory pricing, exclusive supply, conditional rebating, intellectual property, and Schumpeterian competition. The authors explore how the prevailing antitrust analyses differ in the EU and the U.S., the policy ramifications of these differences, and how the analyses used by the enforcement authorities or the courts in each of these several areas relate to each other. Several themes run through the substantive areas treated in the book: pricing incentives and constraints, welfare effects, and whether competition tends to be viewed as an efficiency generating process or as rivalry. The notorious Microsoft case offers a useful lens to examine copyright, patents, and trade secrets, and the authors take the opportunity to contemplate competition policy in dynamic, innovative industries more broadly. For the EU, competition policy has also functioned as a mechanism to bond national markets together in the EU structure; the USA, federal from the beginning, did not require this instrumental aspect in its antitrust doctrines. "The Atlantic Divide" concludes with forecasts and suggestions about how greater compatibility, if not convergence, might ultimately be attained."

The More Economic Approach to EU Antitrust Law

Author: Anne C Witt
Publisher: Bloomsbury Publishing
ISBN: 9781509909223
Release Date: 2016-11-17
Genre: Law

In the late 1990s, the European Commission embarked on a long process of introducing a 'more economic approach' to EU Antitrust law. One by one, it reviewed its approach to all three pillars of EU Antitrust Law, starting with Article 101 TFEU, moving on to EU merger control and concluding the process with Article 102 TFEU. Its aim was to make EU antitrust law more compatible with contemporary economic thinking. On the basis of an extensive empirical analysis of the Commission's main enforcement tools, this book establishes the changes that the more economic approach has made to the Commission's enforcement practice over the past fifteen years. It demonstrates that the more economic approach not only introduced modern economic assessment tools to the Commission's analyses, but fundamentally changed the Commission's interpretation of the law. Emulating one of the key credos of the US Antitrust Revolution thirty years earlier, the Commission reinterpreted the EU antitrust rules as aiming at the enhancement of economic consumer welfare only, and amended its understanding of key legal concepts accordingly. This book argues that the Commission's new understanding of the law has many benefits. Its key principles are logical, translate well into workable legal concepts and promise a great degree of accuracy. However, it also has a number of serious drawbacks as it stands. Most worryingly, its revised interpretation of the law is to large extents incompatible with the case law of the European Court of Justice, which has not been swayed by the exclusive consumer welfare aim. This situation is undesirable from the point of view of legal certainty and the rule of law.

The Deregulation of the Banking and Securities Industries

Author: Lawrence G. Goldberg
Publisher: Beard Books
ISBN: 9781587981678
Release Date: 2003-01-01
Genre: Law

Goldberg (finance, U. of Miami) and White (economics, New York U.) present the results of a 1978 conference that brought together representatives from business, government, and academics. Much of the conversation revolves around the Glass- Steagall Act and attempts to remove the dividing line betwee

The Global Economic System

Author: George Chacko
Publisher: FT Press
ISBN: 0132172984
Release Date: 2011-06-08
Genre: Business & Economics

Written for financial professionals, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.