Essays in antitrust economics
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Bibliographic Information
Essays in antitrust economics
B. Blackwell, 1987
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Includes index
Description and Table of Contents
Description
This book brings together the work of Oliver Williamson, an important contributor to the literature of industrial organization and anti-trust economics. Williamson's contributions have included work on vertical integration and non-standard contracting practices, the modern corporation, strategic inter-firm behaviour and economies as an anti-trust defence. By helping to promote a new understanding of complex forms of economic organization, public policy in each of these areas has been influenced and sometimes reformed as a consequence. The work deals successively with mergers, complex contracting practices, strategic behaviour and the impact of ideas on anti-trust enforcement. Applied price theory and the new apparatus of transaction cost economics are both brought to bear. With a focus on the theory and practice of anti-trust in the US, the book is of wider application to any country tackling the problem of the control of big business and monopoly power.
Table of Contents
- I: Mergers
- 1. Economies as an Antitrust Defense: The Welfare Trade-Offs
- 2. The vertical Integration of Production: Market failure Considerations
- 3. Antiturst Enforcement and the Modern Corporation
- 4. Vertical Merger Guidelines: Interpreting the 1982 Reforms
- II: Contracting
- 5. The Economics of Antitrust: Transaction Cost Considerations
- 6. Assessing Vertical Market Restrictions: Antitrust Ramifications of the Transactions Cost Approach
- 7. Assessing Contrast
- III: Strategic Behaviour
- 8. Wage Rates as a Barrier to Entry: The Pennington Case in Perspective
- 9. Predatory Pricing: A Strategic and Welfare Analysis
- 10. Pretrial Uses of Economists: On the Use of Incentive Logic to Screen Predation
- IV: Commentary
- 11. Comments on the Political Economy of Antitrust
- 12. Intellectual Foundations of Law and Economics: The Need for a Broader View
- 13. Antitrust Enforcement: Where It Has Been
- Where It Is Going.
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