MARKET STRUCTURE AND COMPETITION POLICY by George Norman (Editor), Jacques-Francois Thisse (Editor) ( 9781107403260 )

Item Details

Title:

MARKET STRUCTURE AND COMPETITION POLICY
GAME-THEORETIC APPROACHES

By:

George Norman (Editor), Jacques-Francois Thisse (Editor)

Format:

Paperback

List price:

£30.99

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£27.89

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10% off

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£3.10

ISBN 10:

110740326X

ISBN 13:

9781107403260

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

16 June, 2011

Pages:

306

Description:

This 2000 text applies modern advances in game theory to the analysis of competition policy.

Synopsis:

This 2000 text applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real-world markets operate. These results have particular relevance to the design and application of anti-trust policy. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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