This insightful twovolume set presents a careful selection of the most important published papers on the economics of antitrust law. Lectures on antitrust economics chapter 1 northwestern university. Apr 03, 2008 to view the rest of this content please follow the download pdf link above. Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks 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.
Competition policy theory and practice pp371 sean durkin spring 2015 room 1481155 e. The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to. Review of michael whinstons lectures in antitrust economics. Lectures on antitrust economics cairoli lectures antitrust developments 19551968. Where regulation is often industryspecific and involves the direct setting of prices. D lectures on antitrust economics cairoli lecture series justus haucap 1 journal of economics volume 93, pages 305 311 2008 cite this article. Lectures on antitrust economics is available from the mit press. Oxford university press oxford university press is a department of the university of oxford. This article, however, avoids taking sides and confines itself to microeconomic concepts, an area of general agreement. Economics of regulation and antitrust open library.
Problem sets will require using stata and for one exercise matlab. Online free ebooks download lectures on antitrust economics. Microeconomics the mcgrawhill series in economics ebook. Caspersen and household international professor of law and economics, harvard law school whinston. Antitrust economics course lectures competition policy. Search, antitrust, and the economics of the control of. Mar 31, 2008 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. Lectures in antitrust economics by michael whinston cambridge. Lectures on antitrust economics northwestern university.
X, marginal costs of zero, and an entry cost of 116. Rigorous, yet broadly accessible to those serious about antitrust analysis, these thoughtful and thoughtprovoking lectures offer a synthetic survey of and distinctive perspective on each of the subjects addressed. This article examines antitrust analysis when one of the possible subject products of an antitrust or merger is ordinarily offered at a zero price. Whinston, mit press, 2006, world competition on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. A nontechnical introduction russell pittman abstract the importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in the developed market economies in the past forty years. Whinston is a coauthor of the leading graduate textbook in microeconomics, microeconomic theory oxford university press, 1995, and is also the author of lectures on antitrust economics mit press, 2006. In rare instances, a publisher has elected to have a zero moving wall, so their current issues are available. The sherman acts prohibition on contracts, combinations, and conspiracies in restraint of trade, whose application to price fixing we discussed in chapter 2, also applies to horizontal mergers, but with an important difference. Lectures in antitrust economics by michael whinston cambridge university press and competition policy by massimo motta cambridge university press. Search, antitrust, and the economics of the control of user data nathan newmant this article argues for reorienting many antitrust investigationsand more generally regulatory approachesto focus on how control of personal data by corporations can entrench monopoly power in an economy shaped increasingly by the power of big data. Whinstons discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well. It furthers the universitys objective of excellence in research.
Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which. The moving wall represents the time period between the last issue available in jstor and the most recently published issue of a journal. It shows that businesses often offer a product for free. Solutions manual for microeconomic theory by andreu mascolell, michael d. Antitrust econlib library of economics and liberty. This website uses cookies so that we can provide you with the best user experience possible. Review of michael whinston, lectures on antitrust economics. Hall whinstons elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. Very helpful introduction to the economics of antitrust. His works, alone or with coauthors especially douglas bernheim and ilya segal, have shed light on such issues as exclusive contracts, tying, and multimarket collusion among others. Introduction 2 1 aims of the lectures antitrust laws play a prominent role in the business environment of many nations. Open library is an initiative of the internet archive, a 501c3 nonprofit, building a digital library of internet sites and other cultural artifacts in digital form. Lectures on antitrust economics cairoli lectures michael d.
Origins before 1890, the only antitrust law was the common law. Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks 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. Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action. Lectures on antitrust economics cairoli lectures kindle edition. Economics of regulation and antitrust 6 editions by w. You can use whatever package you choose, so if you are an ace sasrspssc programmer you can use your preferred language, but. Michael whinston, lectures on antitrust economics, mit, 2006 on reserve statistical packages. Harrington go to the editions section to read or download ebooks. The handbook of antitrust economics offers scholars, students, administrators, courts, companies, and lawyers the economists view of the subject, describing the application of newly developed theoretical models and improved empirical methods to antitrust and competition law in both the united states and the european union. Lectures on antitrust economics cairoli lectures michael d whinston on. Michael whinston is one of the economists who have contributed most to the understanding of antitrust issues. Suppose that the industry is initially competitive, with a price equal to c.
Sorry, we are unable to provide the full text but you may find it at the following locations. Clicking on the graphic to the left will take you directly to the books home page at the mit presss web site. The journal of economic literature jel, first published in 1969, is designed to help economists keep abreast of the vast flow of literature. Where regulation is often industryspecific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. Antitrust economics for lawyers, published by lexisnexis and written by cra consultants and affiliated experts, is geared towards attorneys in antitrust practice. The book provides lawyers, partners, and associates with clearly explained economic concepts and discusses several important topics in antitrust economics. D lectures on antitrust economics cairoli lecture series article pdf available in journal of economics 933. Whinston presents a wonderful blend of theory, empirical work, and. D lectures on antitrust economics cairoli lecture series, journal of economics on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. Consequently, this article focuses on those basic principles of economic theory which bear directly on antitrust policy. His works, alone or with coauthors especially douglas bernheim and ilya segal, have shed light on such issues as exclusive. Lectures on antitrust economics cairoli lectures michael. Economics of antitrust law edward elgar publishing.
The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to varying degrees guides the design and enforcement of the antitrust laws of the united states. Whinstons 45 research works with 7,151 citations and 3,195 reads, including. The collection focuses on areas of major importance including market power, horizontal arrangements, and vertical arrangements and exclusionary behaviour. Apr 18, 2011 a key point is that the existence of a free good signals that there is a companion good, that firms consider both products simultaneously in maximizing profit, and that commonly used methods of antitrust analysis, including market definition, probably need to be adjusted to properly analyze two inextricably linked products. 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. Lectures on antitrust economics cairoli lectures whinston, michael d on. Whinston is a coauthor of the leading graduate textbook in microeconomics, microeconomic theory oxford university press, 1995, and is also the author of lectures on. The oxford handbook of international antitrust economics volume i edited by roger d. Microeconomics is a new undergraduate intermediate microeconomics textbook by b. Hall whinston s elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy.
To view the rest of this content please follow the download pdf link above. Preface this collection of chapters on fundamental topics in antitrust was arranged with the goal of presenting the subject in a manner that reflects modern thinking in both the law and the economics of antitrust. Online free ebooks download lectures on antitrust economics cairoli lectures. April 2008, volume 93, issue 3, pp 305 311 cite as. Economics is a discipline which has more than its share of contending schools of thought. These lectures are intended to serve as an introduction to the economics behind antitrust. Lectures on antitrust economics cairoli lectures pdf. Then you can start reading kindle books on your smartphone, tablet, or computer no kindle device required. Antitrust economics has become a very complicated field. Suppose also that after the merger, the marginal cost of production falls to c0 and the price rises to p0.
Economists generally believe that monopolies and other restraints of trade are bad because they usually. Antitrust law regulates economic activity but differs in its operation from what is traditionally considered regulation. D lectures on antitrust economics cairoli lecture series. In this chapter our attention turns to horizontal merger policy. Indeed, if one is a regular reader of the new york times or wall street journal, the chances are good of seeing in any given week at least.
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