Economics of Regulation and Antitrust
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...
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A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations. Booknews New edition of a text that places economic reasoning first and foremost in analyzing regulatory and antitrust issues--stressing the economic theory and empirical analysis that provide the rationale for government intervention in the market. Institutional aspects of regulation and antitrust policy are also treated in case studies on mergers, cable television, and transportation regulation, among other topics. New subjects, such as regulation of environmental tobacco smoke, have been added to the second edition, and others, such as pharmaceutical regulation and price competition in electric power, have been given new treatments to reflect the changing emphases of government policy. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Preface to the Third Edition1Introduction1Appendix112The Making of a Regulation13AppTrends in Regulatory Agency Budgets and Staff483Introduction to Antitrust61AppAntitrust Statutes724Efficiency and Technical Progress755Oligopoly, Collusion, and Antitrust97App. A137App. B1386Market Structure and Strategic Competition1437Mergers1918Vertical Mergers and Restrictions2199Monopolization and Price Discrimination25710Introduction to Economic Regulation29711Theory of Natural Monopoly33712Natural Monopoly Regulation and Electric Power36113Franchise Bidding and Cable Television39514Public Enterprise43315Dynamic Issues in Natural Monopoly Regulation: Telecommunications45316The Regulation of Potentially Competitive Markets: Theory and Estimation Methods49517Economic Regulation of Transportation: Surface Freight and Airlines52918Economic Regulation of Energy: Crude Oil and Natural Gas58519Introduction: The Emergence of Health, Safety, and Environmental Regulation63720Valuing Life and Other Nonmonetary Benefits66121Environmental Regulation68722Product Safety72523Regulation of Workplace Health and Safety76124Patents and Pharmaceuticals799Author Index837Subject Index841
\ BooknewsNew edition of a text that places economic reasoning first and foremost in analyzing regulatory and antitrust issues--stressing the economic theory and empirical analysis that provide the rationale for government intervention in the market. Institutional aspects of regulation and antitrust policy are also treated in case studies on mergers, cable television, and transportation regulation, among other topics. New subjects, such as regulation of environmental tobacco smoke, have been added to the second edition, and others, such as pharmaceutical regulation and price competition in electric power, have been given new treatments to reflect the changing emphases of government policy. Annotation c. Book News, Inc., Portland, OR booknews.com\ \
