Competition Policy and the Economic Approach: Foundations and Limitations

Competition Policy and the Economic Approach: Foundations and Limitations

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Product Details

ISBN-13: 9780857937391
Publisher: Elgar, Edward Publishing, Inc.
Publication date: 12/01/2012
Pages: 360
Product dimensions: 6.10(w) x 9.10(h) x 0.80(d)

About the Author

Edited by Josef Drexl, Director, Max Planck Institute for Innovation and Competition, Munich, Germany, Wolfgang Kerber, Professor of Economics, Philipps-Universität Marburg, Germany and Rupprecht Podszun, Chair for Civil Law, German and European Competition Law, Heinrich Heine University Düsseldorf, Germany

Table of Contents

Contents:
Introduction
Rupprecht Podszun
PART I: THE GOALS OF COMPETITION POLICY
1. Consumer Welfare and Competition Policy
Gregory J. Werden
2. Consumer Welfare, Total Welfare and Economic Freedom – On the Normative Foundations of Competition Policy
Viktor J. Vanberg
3. Consumer Welfare, Economic Freedom and the Moral Quality of Competition Law – Comments on Gregory Werden and Victor Vanberg
Daniel Zimmer
PART II: MERITS AND CHALLENGES OF MODERN INDUSTRIAL ECONOMICS
4. Current Issues in Antitrust Analysis
Daniel L. Rubinfeld
5. Using Economics for Identifying Anticompetitive Unilateral Practices
Michele Polo
6. Modern Industrial Economics: Open Problems and Possible Limits
Oliver Budzinski
7. Modern Industrial Economics Revisited – Comments on Daniel Rubinfeld, Michele Polo and Oliver Budzinski
Laurence Idot
PART III: COMPETITION POLICY AND EVOLUTIONARY AND INNOVATION ECONOMICS
8. Industrial Dynamics and Evolution – The Role of Innovation, Competences and Learning
Uwe Cantner
9. Competition, Innovation and Maintaining Diversity through Competition Law
Wolfgang Kerber
10. The Impact of Innovation – Comments on Uwe Cantner and Wolfgang Kerber
Andreas Heinemann
PART IV: COMPETITION POLICY AND BEHAVIOURAL AND EXPERIMENTAL ECONOMICS
11. Bounded Rationality and Competition Policy
Justus Haucap
12. Using Experimental Economics to Understand Competition
Bart J. Wilson
13. Competition as a Socially Desirable Dilemma – Theory v. Experimental Evidence
Christoph Engel
14. Introducing More Features of Real Life into the Economists’ World of Theoretical Models – Comments on Justus Haucap, Bart Wilson and Christoph Engel
Andreas Fuchs
PART V: THE POLITICAL ECONOMY OF COMPETITION POLICY
15. Normative and Institutional Limitations to a More Economic Approach
Dirk Schroeder
16. Competition Agencies, Independence, and the Political Process
William E. Kovacic
17. On the (a)political Character of the Economic Approach to Competition Law
Josef Drexl
Index

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