The Economics of Regulation and Antitrust / Edition 2

The Economics of Regulation and Antitrust / Edition 2

by W. Kip Viscusi
     
 

ISBN-10: 0262220490

ISBN-13: 9780262220491

Pub. Date: 11/28/1995

Publisher: MIT Press

Departing from the traditional emphasis on institutions, this text emphasizes the use of economic theory and empirical analysis to understand regulatory and antitrust policies. Questions addressed include: What are the market failure rationales for, and appropriate form of, government intervention? What does theory show about competition in the presence of a

Overview

Departing from the traditional emphasis on institutions, this text emphasizes the use of economic theory and empirical analysis to understand regulatory and antitrust policies. Questions addressed include: What are the market failure rationales for, and appropriate form of, government intervention? What does theory show about competition in the presence of a market failure and the implications of government intervention to correct that failure? What do empirical analyses indicate about our regulatory experience and the direction of future intervention?

The third edition addresses many issues that have recently dominated the economic and political landscape. New material reviews the government's case against Microsoft, charges of anticompetitive pricing in NASDAQ and airlines, the blocked Staples-Office Depot merger, and the Telecommunications Act of 1996. This edition also covers the deregulation of the California electric power industry as well as recent deregulatory efforts in bank branching and natural gas transmission. On the social regulatory scene, it covers in detail recent cigarette litigation and the contentious issue of the contingent valuation of natural resource damages, as exemplified in the Exxon Valdez oil spill. New empirical evidence appears throughout the book.

Each part of the text can be used separately for a variety of courses including regulation and antitrust in undergraduate institutions, business schools, and schools of public policy, as well as background for doctoral courses. Exercises are included at the end of each chapter.

Product Details

ISBN-13:
9780262220491
Publisher:
MIT Press
Publication date:
11/28/1995
Edition description:
Older Edition
Pages:
918
Product dimensions:
7.35(w) x 10.33(h) x 2.28(d)

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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