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The Resource Lectures on antitrust economics, Michael D. Whinston

Lectures on antitrust economics, Michael D. Whinston

Creator
Summary
Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research. He focuses on three areas: price fixing, in which competitors agree to restrict output or raise price; horizontal mergers, in which competitors agree to merge their operations; and exclusionary vertical contracts, in which a competitor seeks to exclude a rival. Antitrust commentators widely regard the prohibition on price fixing as the most settled and economically sound area of antitrust. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. In his discussion of horizontal mergers, Whinston describes the substantial advances in recent theoretical and empirical work and suggests fruitful directions for further research. The complex area of exclusionary vertical contracts is perhaps the most controversial in antitrust. The influential "Chicago School" cast doubt on arguments that vertical contracts could be profitably used to exclude rivals. Recent theoretical work, to which Whinston has made important contributions, instead shows that such contracts can be profitable tools for exclusion. Whinston's discussion sheds light on the controversy in this area and the nature of those recent theoretical contributions. Sponsored by the Universidad Torcuato Di Tella
Language
eng
Work
Publication
Extent
1 online resource (xii, 249 pages)
Contents
  • Price fixing
  • Horizontal mergers
  • Exclusionary vertical contracts
Isbn
9786612097478
Instance
Label
Lectures on antitrust economics
Title
Lectures on antitrust economics
Statement of responsibility
Michael D. Whinston
Creator
Subject
Genre
Language
eng
Summary
Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research. He focuses on three areas: price fixing, in which competitors agree to restrict output or raise price; horizontal mergers, in which competitors agree to merge their operations; and exclusionary vertical contracts, in which a competitor seeks to exclude a rival. Antitrust commentators widely regard the prohibition on price fixing as the most settled and economically sound area of antitrust. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. In his discussion of horizontal mergers, Whinston describes the substantial advances in recent theoretical and empirical work and suggests fruitful directions for further research. The complex area of exclusionary vertical contracts is perhaps the most controversial in antitrust. The influential "Chicago School" cast doubt on arguments that vertical contracts could be profitably used to exclude rivals. Recent theoretical work, to which Whinston has made important contributions, instead shows that such contracts can be profitable tools for exclusion. Whinston's discussion sheds light on the controversy in this area and the nature of those recent theoretical contributions. Sponsored by the Universidad Torcuato Di Tella
Member of
Action
digitized
Cataloging source
N$T
http://library.link/vocab/creatorName
Whinston, Michael Dennis
Dewey number
338.8/20973
Illustrations
illustrations
Index
index present
Language note
English
LC call number
HD2758.5
LC item number
.W45 2006eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Cairoli lecture series
http://library.link/vocab/subjectName
  • Antitrust law
  • BUSINESS & ECONOMICS
  • Antitrust law
  • United States
  • Antitrustpolitik
  • Wettbewerbspolitik
  • Antitrustrecht
  • Wirtschaftstheorie
Label
Lectures on antitrust economics, Michael D. Whinston
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 221-234) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Price fixing -- Horizontal mergers -- Exclusionary vertical contracts
Control code
70827484
Dimensions
unknown
Extent
1 online resource (xii, 249 pages)
File format
unknown
Form of item
online
Isbn
9786612097478
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 4185
  • 9780262286046
Quality assurance targets
not applicable
Reformatting quality
unknown
Reproduction note
Electronic reproduction.
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)70827484
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Lectures on antitrust economics, Michael D. Whinston
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 221-234) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Price fixing -- Horizontal mergers -- Exclusionary vertical contracts
Control code
70827484
Dimensions
unknown
Extent
1 online resource (xii, 249 pages)
File format
unknown
Form of item
online
Isbn
9786612097478
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 4185
  • 9780262286046
Quality assurance targets
not applicable
Reformatting quality
unknown
Reproduction note
Electronic reproduction.
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)70827484
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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