Economics of Regulation and Antitrust / Edition 4

Economics of Regulation and Antitrust / Edition 4

by W. Kip Viscusi, John M. Vernon, Joseph E. Harrington Jr., Joseph Emmett Harrington
     
 

ISBN-10: 026222075X

ISBN-13: 9780262220750

Pub. Date: 09/01/2005

Publisher: MIT Press

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

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Overview

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 edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics.

Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs.

Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.

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Product Details

ISBN-13:
9780262220750
Publisher:
MIT Press
Publication date:
09/01/2005
Edition description:
fourth edition
Pages:
960
Sales rank:
886,314
Product dimensions:
8.00(w) x 9.00(h) x 0.12(d)
Age Range:
18 Years

Table of Contents

Preface to the Second Edition
1 Introduction
2 The Making of Regulation
Part I Antitrust
3 Introduction to Antitrust
4 Efficiency & Technical Progress
5 Oligopoly, Collusion, & Antitrust
6 Market Structure & Strategic Competition
7 Mergers
8 Vertical Mergers & Restrictions
9 Monopolization & Price Discrimination
Part II Economic Regulation
10 Introduction to Economic Regulation
11 Theory of Natural Monopoly
12 Natural Monopoly Regulation
13 Franchise Bidding & Cable Television
14 Public Enterprise
15 Dynamic Issues in Natural Monopoly Regulation: Telecommunications
16 The Regulation of Potentially Competitive Markets: Theory & Estimation Methods
17 Economic Regulation of Transportation: Surface Freight & Airlines
18 Economic Regulation of Energy: Crude Oil & Natural Gas
Part III Health, Safety, and Environmental Regulation
19 Introduction: The Emergence of Health, Safety, & Environmental Regulation
20 Valuing Life & Other Nonmonetary Benefits
21 Environmental Regulation
22 Product Safety
23 Regulation of Workplace, Health, & Safety
24 Patents and Pharmaceuticals

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