Competition Policy: Theory and Practiceby Massimo Motta
Pub. Date: 01/12/2004
Publisher: Cambridge University Press
Offering a complete analysis of antitrust (or competition policy) issues, this study is enhanced by frequent references to antitrust cases and a few fully developed case studies. Although it can be used as an economics textbook in graduate or advanced undergraduate courses, the book is equally accessible to lawyers, practitioners, and readers interested in antitrust… See more details below
Offering a complete analysis of antitrust (or competition policy) issues, this study is enhanced by frequent references to antitrust cases and a few fully developed case studies. Although it can be used as an economics textbook in graduate or advanced undergraduate courses, the book is equally accessible to lawyers, practitioners, and readers interested in antitrust issues, but unfamiliar with modern economics. Technical explanations of material are relegated to separate "technical" sections that can be skipped without losing continuity.
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Table of ContentsPart I. Competition Policy: History, Objectives and the Law: 1. Introduction; 2. Brief history of competition policy; 3. Objectives of competition policy, and other public policies; 4. The main features of European competition law; 5. Exercises; Part II. Market Power and Welfare: Introduction: 6. Overview of the chapter; 7. Allocative efficiency; 8. Productive efficiency; 9. Dynamic efficiency; 10. Public policies and incentives to innovate; 11. Monopoly: will the market fix it all?; 12. Summary and policy conclusions; 13. Exercises; 14. Solutions of exercises; Part III. Market Definition and the Assessment of Market Power: 15. Introduction; 16. Market definition; 17. The assessment of market power; 18. Exercises; Part IV. Collusion and Horizontal Agreements: 19. Introduction; 20. Factors that facilitate collusion; 21. Advanced material; 22. Practice: what should be legal and what illegal?; 23. Joint-ventures and other horizontal agreements; 24. A case of parallel behaviour: wood pulp; 25. Exercises; Part V. Horizontal Mergers: 26. Introduction; 27. Unilateral effects; 28. Pro-collusive effects; 29. A more general model; 30. Merger remedies; 31. Merger policy in the European Union; 32. Case studies; 33. Exercises; Part VI. Vertical Restraints and Vertical Mergers: 34. What are vertical restraints?; 35. Intra-brand competition; 36. Inter-brand competition; 37. Anti-competitive effects: leverage and foreclosure; 38. Conclusions and policy implications; 39. Cases; 40. Exercises; Part VII. Predation, Monopolisation, and Other Abusive Practices: 41. Introduction; 42. Predatory pricing; 43. Non-price monopolisation practices; 44. Price discrimination; 45. US v. Microsoft; 46. Exercises; 47. Solutions of exercises; Part VIII. A Toolkit: Game Theory and Imperfect Competition Models: 48. Introduction; 49. Monopoly; 50. Oligopoly I: market competition in static games; 51. Oligopoly II: dynamic games; 52. Appendix.
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