Economics of Regulation and Antitrust

ISBN-10: 026222075X

ISBN-13: 9780262220750

Edition: 4th 2005

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This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrustasks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future. The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.
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Book details

List price: $105.00
Edition: 4th
Copyright year: 2005
Publisher: MIT Press
Publication date: 8/19/2005
Binding: Hardcover
Pages: 960
Size: 8.25" wide x 9.00" long x 1.50" tall
Weight: 3.740
Language: English

John Vernon is the author of the novels "La Salle, " "Lindbergh's Son," "Peter Doyle," & "All for Love: Baby Doe & Silver Dollar." He lives in Vestal, New York, & Estes Park, Colorado.

Preface to the Fourth Edition
The Making of a Regulation
Introduction to Antitrust
Efficiency and Technical Progress
Oligopoly, Collusion, and Antitrust
Market Structure and Strategic Competition
Vertical Mergers and Vertical Restraints
Monopolization and Price Discrimination
Economic Regulation
Introduction to Economic Regulation
Theory of Natural Monopoly
Natural Monopoly Regulation and Electric Power
Franchise Bidding and Cable Television
Public Enterprise
Dynamic Issues in Natural Monopoly Regulation: Telecommunications
The Regulation of Potentially Competitive Markets: Theory and Estimation Methods
Economic Regulation of Transportation: Surface Freight and Airlines
Economic Regulation of Energy: Crude Oil and Natural Gas
Health, Safety, And Environmental Regulation
Introduction: The Emergence of Health, Safety, and Environmental Regulation
Valuing Life and Other Nonmonetary Benefits
Environmental Regulation
Product Safety
Regulation of Workplace Health and Safety
Patents and Pharmaceuticals
Author Index
Subject Index
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