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Home > Business and Economics > Economics > Microeconomics > Antitrust Economics: Mergers, Contracting and Strategic Behaviour
Antitrust Economics: Mergers, Contracting and Strategic Behaviour

Antitrust Economics: Mergers, Contracting and Strategic Behaviour


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About the Book

This book brings together the work of Oliver E. Williamson, a recognized contributor to the literature of industrial organization and antitrust 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 antitrust 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 antitrust enforcement. Applied price theory and the new apparatus of transaction cost economics are both brought to bear. With a focus on the theory and pratice of antitrust 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:
Part 1 Mergers: economies as an antitrust defense - the welfare trade-offs; the vertical integration of production - market failure considerations; antitrust enforcement and the modern corporation; vertical merger guidelines - interpreting the 1982 reforms. Part 2 Contracting: the economics of antitrust - transaction cost considerations; assessing vertical market restrictions - antitrust ramifications of the transaction cost approach; assessing contrast. Part 3 Strategic behaviour: wage rates as a barrier to entry - the Pennington case in perspective; predatory pricing - a strategic and welfare analysis; pretrial uses of economists - on the use of incentive logic to screen predation. Part 4 Commentary: comments on the political economy of antitrust; intellectual foundations of law and economics - the need for a broader view; antitrust enforcement - where it has been, where it is going.


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Product Details
  • ISBN-13: 9780631171829
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: Blackwell Publishers
  • Edition: New edition
  • Sub Title: Mergers, Contracting and Strategic Behaviour
  • Width: 152 mm
  • ISBN-10: 0631171827
  • Publisher Date: 04 Jan 1990
  • Binding: Paperback
  • Height: 229 mm
  • Weight: 548 gr


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