Applied Industrial Economics / Edition 1

Applied Industrial Economics / Edition 1

by Louis Phlips
     
 

An important collection of papers published over the last 10 years in American and European journals. Part 1 explains market structure as a function of sunk costs and market size. Part 2 illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets.… See more details below

Overview

An important collection of papers published over the last 10 years in American and European journals. Part 1 explains market structure as a function of sunk costs and market size. Part 2 illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets. Parts 3 and 4 give a game-theoretic foundation to competition policy and merger control.Louis Phlips offers a comprehensive introduction to the text in which he very carefully explains the reasoning behind his choice of papers, and provides a superb synthesis of the material.

Product Details

ISBN-13:
9780521629546
Publisher:
Cambridge University Press
Publication date:
01/28/2007
Edition description:
New Edition
Pages:
456
Product dimensions:
5.98(w) x 8.98(h) x 0.91(d)

Table of Contents

Preface
Introduction1
1Market Structure31
1Game theory and industry studies: An introductory overview33
2Game-theoretic models of market concentration: Sunk costs and market structure: a review article52
3Expanding markets: Capacity expansion in the titanium dioxide industry62
4Declining markets: The devolution of declining industries81
5Empirical evidence: Exit from declining industries: 'shakeout' or 'stakeout'?98
IIIndustrial Pricing and Pricing Schemes121
6Intertemporal pricing schemes: Experimental tests of consciously parallel behaviour in oligopoly123
7Spatial pricing schemes: On the strategic choice of spatial price policy152
8Best-price policies: Facilitating practices: the effects of advance notice and best-price policies174
9Vertical pricing schemes: Vertical restraints and producers' competition188
10Price discrimination in a common market: International price discrimination in the European car market196
11Tacit collusion (1): Interfirm rivalry in a repeated game: an empirical test of tacit collusion232
12Tacit collusion (2): Collusive equilibrium in the great salt duopoly249
IIICompetition Policy267
13Collusion and predation: On the detection of collusion and predation269
14Vertical restraints: Vertical restraints in European competition policy284
15Franchising agreements: Economic assessment of competition law provisions applicable to franchising295
16Joint R&D ventures: Cooperative and non-cooperative R&D in duopoly with spillovers318
IVMergers and Merger Control325
17Unprofitable exogenous mergers: Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium327
18Profitable horizontal mergers and welfare: Horizontal mergers: an equilibrium analysis340
19Using the Herfindahl-Hirschman index: Horizontal mergers: comment368
20Cournot and merger control: Horizontal mergers: reply375
21Vertical mergers: Vertical mergers in multi-product industries and Edgeworth's paradox of taxation382
22Enforcement of the US merger guidelines: Empirical evidence on FTC enforcement of the merger guidelines393
23Enforcement of the European merger regulation: The merger decisions of the European Commission413
Index436

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