Competition Policy : History, Theory and Practice

By: Manfred Neumann

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Hardcover | 1 January 2001

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Hardcover
240 Pages

Dimensions(cm)
23.5 x 15.24 x 2.54

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Given the increase in large scale mergers throughout the world, this book addresses the growing problem of restricted competition through collusion and the perennial debate surrounding the use of government subsidies for industries to further national interests.

The aims of the book are threefold; firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed. Secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy, and thirdly, to discuss the practice of competition policy in the US, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints.

Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy.

This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics.

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List of Figures	p. vi
List of Tables	p. vii
Preface	p. viii
Aims and Scope of Competition Policy	p. 1
Competition in a Market Economy	p. 3
Horizontal Concentration	p. 17
Undermining Competition Through Laissez Faire	p. 23
Approaches to Competition Policy in the US, Germany and the European Union	p. 30
Conclusion	p. 45
Industrial Economics as the Foundation of Competition Policy	p. 47
Competition in Oligopoly	p. 47
Restraints of Competition in Oligopoly	p. 67
The Structure-Conduct-Performance Paradigm	p. 74
Monopoly Welfare Loss	p. 85
Conclusion	p. 98
Containing Restraints of Competition	p. 99
Collusion	p. 99
Merger Control	p. 110
Abuse of Monopolistic Market Power	p. 134
Regulation, Deregulation and Privatizing	p. 158
Conclusion	p. 164
The Social Framework and Competition Policy	p. 166
Freedom of Competition and Property Rights	p. 166
Competition Policy and International Trade Policy	p. 175
Financial Markets and Competition on Goods Markets	p. 179
Public Policy and Competition Policy	p. 183
Conclusion	p. 189
References	p. 192
Index	p. 211
Table of Contents provided by Syndetics. All Rights Reserved.

Competition Policy : History, Theory and Practice

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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