Putting Auction Theory to Work

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Publisher : Cambridge University Press
ISBN 13 : 1139449168
Total Pages : 378 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Putting Auction Theory to Work by : Paul Milgrom

Download or read book Putting Auction Theory to Work written by Paul Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

Competition Policy and the Control of Buyer Power

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Publisher : Edward Elgar Publishing
ISBN 13 : 178254058X
Total Pages : 265 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Competition Policy and the Control of Buyer Power by : Peter C. Carstensen

Download or read book Competition Policy and the Control of Buyer Power written by Peter C. Carstensen and published by Edward Elgar Publishing. This book was released on 2017-09-29 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of the economic and competition policy issues that buyer power creates. Drawing on economic analysis and cases from around the world, it explains why conventional seller side standards and analyses do not provide an adequate framework for responding to the problems that buyer power can create. Based on evidence that abuse of buyer power is a serious problem for the competitive process, the book evaluates the potential for competition law to deal directly with the problems of abuse either through conventional competition law or special rules aimed at abusive conduct. The author also examines controls over buying groups and mergers as potentially more useful responses to risks created by undue buyer power.

Competition Law in Developing Countries

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Publisher : Oxford University Press
ISBN 13 : 0192607391
Total Pages : 545 pages
Book Rating : 4.1/5 (926 download)

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Book Synopsis Competition Law in Developing Countries by : Thomas K. Cheng

Download or read book Competition Law in Developing Countries written by Thomas K. Cheng and published by Oxford University Press. This book was released on 2020-05-27 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together perspectives of development economics and law to tackle the relationship between competition law enforcement and economic development. It addresses the question of whether, and how, competition law enforcement helps to promote economic growth and development. This question is highly pertinent for developing countries largely because many developing countries have only adopted competition law in recent years: about thirty jurisdictions had in place a competition law in the early 1980s, and there are now more than 130 competition law regimes across the world, of which many are developing countries. The book proposes a customized approach to competition law enforcement for developing countries, set against the background of the academic and policy debate concerning convergence of competition law. The implicit premise of convergence is that there may exist one, or a few, correct approaches to competition law enforcement, which in most cases emanate from developed jurisdictions, that are applicable to all. This book rejects this assumption and argues that developing countries ought to tailor competition law enforcement to their own economic and political circumstances. In particular, it suggests how competition law enforcement can better incorporate development concerns without causing undue dilution of its traditional focus on protecting consumer welfare. It proposes ways in which approaches to competition law enforcement need to be adjusted to reflect the special economic characteristics of developing country economies and the more limited enforcement capacity of developing country competition authorities. Finally, it also addresses the long-running debate concerning the desirability and viability of industrial policy for developing countries. The author would like to acknowledge the Research Grants Council of Hong Kong for its generous support. The work in this book was fully supported by a grant from the Research Grants Council of Hong Kong (Project No. HKU 742412H).

The Theory of Collusion and Competition Policy

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Publisher : MIT Press
ISBN 13 : 0262036932
Total Pages : 145 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Theory of Collusion and Competition Policy by : Joseph E. Harrington, Jr.

Download or read book The Theory of Collusion and Competition Policy written by Joseph E. Harrington, Jr. and published by MIT Press. This book was released on 2017-11-16 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement. Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement. The book begins by discussing general issues that arise when models of collusion take into account competition law and enforcement. It goes on to consider game-theoretic models that encompass the probability of detection and penalties incurred when convicted, and examines how these policy instruments affect the frequency of cartels, cartel duration, cartel participation, and collusive prices. The book then considers the design of competition law and enforcement, examining such topics as the formula for penalties and leniency programs. The book concludes with suggested future lines of inquiry into illegal collusion.

Antitrust Law Journal

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Author :
Publisher :
ISBN 13 :
Total Pages : 1244 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Antitrust Law Journal by :

Download or read book Antitrust Law Journal written by and published by . This book was released on 1986 with total page 1244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Collusion

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Publisher : MIT Press
ISBN 13 : 0262300737
Total Pages : 315 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Economics of Collusion by : Robert C. Marshall

Download or read book The Economics of Collusion written by Robert C. Marshall and published by MIT Press. This book was released on 2012-04-27 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and incentives for deviation by their members. In The Economics of Collusion, Robert Marshall and Leslie Marx offer an examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Marshall and Marx, who have studied collusion extensively for two decades, begin with three narratives: the organization and implementation of a cartel, the organization and implementation of a bidding ring, and a parent company's efforts to detect collusion by its divisions. These accounts—fictitious, but rooted in the inner workings and details from actual cases—offer a novel and engaging way for the reader to understand the basics of collusive behavior. The narratives are followed by detailed economic analyses of cartels, bidding rings, and detection. The narratives offer an engaging entrée to the more rigorous economic discussion that follows. The book is accessible to any reader who understands basic economic reasoning. Mathematical material is flagged with asterisks.

Combatting Corruption and Collusion in Public Procurement

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Publisher : Oxford University Press
ISBN 13 : 0192882996
Total Pages : 385 pages
Book Rating : 4.1/5 (928 download)

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Book Synopsis Combatting Corruption and Collusion in Public Procurement by : Robert D. Anderson

Download or read book Combatting Corruption and Collusion in Public Procurement written by Robert D. Anderson and published by Oxford University Press. This book was released on 2024-03-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Corruption' in public procurement typically involves procurement decisions taken in favour of preferred bidders in exchange for improper compensation (the acceptance of bribes, for example), while supplier collusion refers to a type of cartel activity, in which firms rig their bids in a tendering process. Although these practices are distinct, they frequently occur together in the public procurement context, reinforcing one another. Combatting Corruption and Collusion in Public Procurement: A Challenge for Governments Worldwide examines the causes of corruption and collusion in the public procurement sphere, its resulting harm, and how states can best try to combat these practices. This book provides a legal, economic, and practical analysis of issues concerning corruption and supplier collusion in public procurement, both generally and in seven diverse and representative jurisdictions: the United Kingdom, the United States, Brazil, Hungary and Poland, Ukraine, and Canada. It encompasses a discussion of both 'generic' cross-jurisdictional issues and specific proposals for individual jurisdictions. It offers practical guidance on building robust regimes for combatting corruption and collusion in public procurement and how to bolster and improve them when they are faltering. The book stresses the need for a multi-faceted and joined-up approach to the problems, emphasizing the importance both of enhanced investment in the effective enforcement of anti-corruption and cartel laws and of increasing the resilience of public procurement systems to corruption and collusion through a range of measures. The relevance of the topic to the social and economic well-being of citizens and the survival of democratic governance is highlighted throughout the book. Pioneering and comprehensive, Combatting Corruption and Collusion in Public Procurement provides a pathbreaking analysis of a range of global issues, making it an essential read for scholars, lawyers, government officials and representatives of international and non-governmental organizations around the world.

Spectrum Auctions and Competition in Telecommunications

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Publisher : MIT Press
ISBN 13 : 9780262263214
Total Pages : 332 pages
Book Rating : 4.2/5 (632 download)

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Book Synopsis Spectrum Auctions and Competition in Telecommunications by : Gerhard Illing

Download or read book Spectrum Auctions and Competition in Telecommunications written by Gerhard Illing and published by MIT Press. This book was released on 2003-12-23 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading experts in industrial organization and auction theory examine the recent European telecommunication license auction experience. In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of staggering technological innovation and substantial regulatory change. Because of their spectacular but often puzzling outcomes, these spectrum auctions attracted enormous attention and invited new research on the interplay of auctions, industry dynamics, and regulation. This book collects essays on this topic by leading analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference; comments and responses are included as well, to preserve some of the controversy and atmosphere of give-and-take at the conference.The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and industrial organization. Because spectrum auctions are embedded in a dynamic interaction of consumers, firms, legislation, and regulation, a multidimensional approach yields important insights. The first essays discuss strategies of stimulating new competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they examine questions of auction design and efficiency and convincingly explain the enormous variation of revenues in different auctions.

Emerging Issues in Competition, Collusion, and Regulation of Network Industries

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Author :
Publisher : CEPR
ISBN 13 : 1907142355
Total Pages : 157 pages
Book Rating : 4.9/5 (71 download)

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Book Synopsis Emerging Issues in Competition, Collusion, and Regulation of Network Industries by : Antonio Estache

Download or read book Emerging Issues in Competition, Collusion, and Regulation of Network Industries written by Antonio Estache and published by CEPR. This book was released on 2011 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive review of the vast economic literature covering the governance issues of network industries and suggests paths to improve their efficiences.

Experiments and Competition Policy

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Publisher : Cambridge University Press
ISBN 13 : 0521493420
Total Pages : 329 pages
Book Rating : 4.5/5 (214 download)

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Book Synopsis Experiments and Competition Policy by : Jeroen Hinloopen

Download or read book Experiments and Competition Policy written by Jeroen Hinloopen and published by Cambridge University Press. This book was released on 2009-03-12 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have begun to make much greater use of experimental methods in their research. This collection surveys these methods and shows how they can help us to understand firm behaviour in relation to various forms of competition policy.

Concentration in Agriculture and an Examination of the JBS/Swift Acquisitions

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Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Concentration in Agriculture and an Examination of the JBS/Swift Acquisitions by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights

Download or read book Concentration in Agriculture and an Examination of the JBS/Swift Acquisitions written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights and published by . This book was released on 2008 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition and Oligopsony in the Douglas Fir Lumber Industry

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Author :
Publisher : Univ of California Press
ISBN 13 : 0520326830
Total Pages : 292 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Competition and Oligopsony in the Douglas Fir Lumber Industry by : Walter J. Mead

Download or read book Competition and Oligopsony in the Douglas Fir Lumber Industry written by Walter J. Mead and published by Univ of California Press. This book was released on 2023-11-10 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1966.

Network Economics

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Publisher : Springer
ISBN 13 : 3319116959
Total Pages : 194 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Network Economics by : Günter Knieps

Download or read book Network Economics written by Günter Knieps and published by Springer. This book was released on 2014-11-14 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook on network economics provides essential microeconomic instruments for the analysis of network sectors like telecommunications, transport or energy. Network-specific characteristics emerge both on the cost side and benefit side, requiring network providers to develop innovative entrepreneurial competition strategies for costing, pricing, and investment. From a competition policy perspective, a number of interesting questions arise: In which parts of networks is competition functional? In contrast, where is an abuse of market power to be expected? What is the division of labor between cartel authorities and regulatory agencies? The book develops an analytical framework for all network industries which allows readers to study entrepreneurial strategies as well as regulation and competition policies for network industries.

Market Drive and Governance

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Publisher : Routledge
ISBN 13 : 1134506279
Total Pages : 221 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Market Drive and Governance by : Ralf Boscheck

Download or read book Market Drive and Governance written by Ralf Boscheck and published by Routledge. This book was released on 2001-12-13 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate moves towards focused production and outsourcing, governmental reforms involving privatization and deregulation and the globalization of trade and investments promise large efficiency gains. However, the necessary coordination mechanisms call for regulatory approval and policy guidelines to safeguard these undertakings against abuse, whic

Game Theory and Public Policy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1849802203
Total Pages : 269 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Game Theory and Public Policy by : Roger A. McCain

Download or read book Game Theory and Public Policy written by Roger A. McCain and published by Edward Elgar Publishing. This book was released on 2010 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory is useful in understanding collective human activity as the outcome of interactive decisions. In recent years it has become a more prominent aspect of research and applications in public policy disciplines such as economics, philosophy, management and political science, and in work within public policy itself. Here Roger McCain makes use of the analytical tools of game theory with the pragmatic purpose of identifying problems and exploring potential solutions in public policy. In practice, the influence of game theory on public policy and related disciplines has been less a consequence of broad theorems than of insightful examples. Accordingly, the author offers a critical review of major topics from both cooperative and noncooperative game theory, including less-known ideas in noncooperative game theory and constructive proposals for new approaches. In so doing, he provides a toolkit for the analysis of public policy as well as a clearer understanding of the public policy enterprise itself. The author s unique approach and treatment of game theory will be a useful resource for students and scholars of economics and public policy, as well as for policymakers themselves.

Handbook on European Competition Law

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1782546219
Total Pages : 648 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Handbook on European Competition Law by : Ioannis Lianos

Download or read book Handbook on European Competition Law written by Ioannis Lianos and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook will be an indispensable reference work for practitioners and scholars, as well as for those in an enforcement environment.

Competition Law in Kenya

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041193405
Total Pages : 113 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Competition Law in Kenya by : Brenda Pamela Mey

Download or read book Competition Law in Kenya written by Brenda Pamela Mey and published by Kluwer Law International B.V.. This book was released on 2017-11-20 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Derived from the renowned multi-volume International Encyclopaedia of Laws, this practical analysis of competition law and its interpretation in the Kenya covers every aspect of the subject – the various forms of restrictive agreements and abuse of dominance prohibited by law and the rules on merger control; tests of illegality; filing obligations; administrative investigation and enforcement procedures; civil remedies and criminal penalties; and raising challenges to administrative decisions. Lawyers who handle transnational commercial transactions will appreciate the explanation of fundamental differences in procedure from one legal system to another, as well as the international aspects of competition law. Throughout the book, the treatment emphasizes enforcement, with relevant cases analysed where appropriate. An informative introductory chapter provides detailed information on the economic, legal, and historical background, including national and international sources, scope of application, an overview of substantive provisions and main notions, and a comprehensive description of the enforcement system including private enforcement. The book proceeds to a detailed analysis of substantive prohibitions, including cartels and other horizontal agreements, vertical restraints, the various types of abusive conduct by the dominant firms and the appraisal of concentrations, and then goes on to the administrative enforcement of competition law, with a focus on the antitrust authorities’ powers of investigation and the right of defence of suspected companies. This part also covers voluntary merger notifications and clearance decisions, as well as a description of the judicial review of administrative decisions. Its succinct yet scholarly nature, as well as the practical quality of the information it provides, make this book a valuable time-saving tool for business and legal professionals alike. Lawyers representing parties with interests in the Kenya will welcome this very useful guide, and academics and researchers will appreciate its value in the study of international and comparative competition law.