The first book to provide a systematic treatment of the economics of antitrust in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination.
The first book to provide a systematic treatment of the economics of antitrust in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination.
Part I. Competition Policy: History, Objectives and the Law: 1. Introduction; 2. Brief history of competition policy; 3. Objectives of competition policy, and other public policies; 4. The main features of European competition law; 5. Exercises; Part II. Market Power and Welfare: Introduction: 6. Overview of the chapter; 7. Allocative efficiency; 8. Productive efficiency; 9. Dynamic efficiency; 10. Public policies and incentives to innovate; 11. Monopoly: will the market fix it all?; 12. Summary and policy conclusions; 13. Exercises; 14. Solutions of exercises; Part III. Market Definition and the Assessment of Market Power: 15. Introduction; 16. Market definition; 17. The assessment of market power; 18. Exercises; Part IV. Collusion and Horizontal Agreements: 19. Introduction; 20. Factors that facilitate collusion; 21. Advanced material; 22. Practice: what should be legal and what illegal?; 23. Joint-ventures and other horizontal agreements; 24. A case of parallel behaviour: wood
Part I. Competition Policy: History, Objectives and the Law: 1. Introduction; 2. Brief history of competition policy; 3. Objectives of competition policy, and other public policies; 4. The main features of European competition law; 5. Exercises; Part II. Market Power and Welfare: Introduction: 6. Overview of the chapter; 7. Allocative efficiency; 8. Productive efficiency; 9. Dynamic efficiency; 10. Public policies and incentives to innovate; 11. Monopoly: will the market fix it all?; 12. Summary and policy conclusions; 13. Exercises; 14. Solutions of exercises; Part III. Market Definition and the Assessment of Market Power: 15. Introduction; 16. Market definition; 17. The assessment of market power; 18. Exercises; Part IV. Collusion and Horizontal Agreements: 19. Introduction; 20. Factors that facilitate collusion; 21. Advanced material; 22. Practice: what should be legal and what illegal?; 23. Joint-ventures and other horizontal agreements; 24. A case of parallel behaviour: wood
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'Motta brings together today's economic theory with important cases from both sides of the Atlantic. It will be a valuable resource for students and practitioners, and I look forward to using it in classes.' Joseph Farrell, University of California, Berkeley
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