Economics of Regulation and Antitrust

ISBN-10: 0262220628

ISBN-13: 9780262220620

Edition: 3rd 2000

Authors: W. Kip Viscusi, John M. Vernon, Joseph Emmett Harrington

List price: $78.00
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Departing from the traditional emphasis on institutions, this text emphasizes the use of economic theory and empirical analysis to understand regulatory and antitrust policies. Questions addressed include: What are the market failure rationales for, and appropriate form of, government intervention? What does theory show about competition in the presence of a market failure and the implications of government intervention to correct that failure? What do empirical analyses indicate about our regulatory experience and the direction of future intervention? The third edition addresses many issues that have recently dominated the economic and political landscape. New material reviews the government's case against Microsoft, charges of anticompetitive pricing in NASDAQ and airlines, the blocked Staples-Office Depot merger, and the Telecommunications Act of 1996. This edition also covers the deregulation of the California electric power industry as well as recent deregulatory efforts in bank branching and natural gas transmission. On the social regulatory scene, it covers in detail recent cigarette litigation and the contentious issue of the contingent valuation of natural resource damages, as exemplified in the Exxon Valdez oil spill. New empirical evidence appears throughout the book. Each part of the text can be used separately for a variety of courses including regulation and antitrust in undergraduate institutions, business schools, and schools of public policy, as well as background for doctoral courses. Exercises are included at the end of each chapter.
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Book details

List price: $78.00
Edition: 3rd
Copyright year: 2000
Publisher: MIT Press
Publication date: 7/21/2000
Binding: Hardcover
Pages: 896
Size: 8.00" wide x 9.50" long x 1.75" tall
Weight: 3.894
Language: English

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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