Competition Policy : History, Theory and Practice

By: Manfred Neumann

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Paperback | 1 January 2002

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240 Pages

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Given the increase in large-scale mergers throughout the world, this volume 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 organization 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.

Industry Reviews

'Competition Policy is the only book, of which I am aware, that combines an informed analysis of competition policy in both the United States and Europe with the analytical tools from industrial organization that are needed to understand each topic. Manfred Neumann is one of the leading industrial economics scholars in Europe, and he has done those of us who teach industrial economics a great service by writing this book.' -- Dennis C. Mueller, University of Vienna, Austria
'With the publication of Competition Policy, Manfred Neumann breaks new ground. He synthesizes a mixture of historical, theoretical and policy perspectives that only an experienced and accomplished scholar can provide. Most importantly, Neumann manages to combine economic precision with a text that is interesting and thought-provoking. His unique and novel approach to understanding and analyzing competition policy will make this required reading to all scholars, policymakers and students concerned with the subject.' -- David B. Audretsch, Indiana University, Bloomington, US and Otto Beisheim School WHU, Germany
'Competition Policy touches on a burning issue which was with us yesterday, which pervades today's discussions and which will, no doubt, be with us for a long time to come.' -- Karl W. Roskamp, Wayne State University, US

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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

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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