Law, Economics and Antitrust

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958896
Total Pages : 444 pages
Book Rating : 4.9/5 (588 download)

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Book Synopsis Law, Economics and Antitrust by : Paddy McNutt

Download or read book Law, Economics and Antitrust written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . those who are dealing with antitrust issues the book is very useful and if somebody has already acquired the basic economic principles underlying antitrust regimes, one should read [this] book. . . Pal Bela Szilagyi and Dorina Juhasz, Erasmus Law and Economics Review The book is quite often an interesting read and provokes plenty of unexpected thoughts. . . Scholars familiar with the public choice literature and American antitrust law could benefit from the stimulating questions McNutt raises throughout and for the wealth of examples from European competition law. Scott E. Graves, The Law and Politics Book Review Patrick McNutt s book is a brilliant exposé of the interaction between law, economics and antitrust. The author, an economist and distinguished regulator, handles both the legal and economic material deftly. It is provocative particularly when dealing with issues such as the efficiency of competition and the effectiveness of antitrust rules. His case-studies are particularly compelling. The book is written with huge flair and great learning. It combines theoretical and practical considerations. The comparative coverage is excellent. A "must-read" for all interested in law and economics. Antitrust specialists will discover many novel and valid insights. David O Keeffe, University College London, UK and College of Europe, Bruges, Belgium This book continually stimulates the reader to think about the issues in non-standard and illuminating ways, following new and significant directions. Yet the discussion always is authoritatively grounded in the author s extensive knowledge of the pertinent law and the relevant economic analysis. William J. Baumol, New York University, US and Princeton University, US Professor McNutt provides a refreshing and different perspective on the important fundamental issues underlying competition law and policy. Barry E. Hawk, Skadden, Arps, Slate, Meagher & Flom LLP, US In this accessible yet rigorous textbook, Patrick McNutt presents a clear and refreshing approach to a wide range of topics in law, economics and antitrust. The issues covered include duty and obligation, contracting, liability, property rights, efficient entry, compensation, oligopoly pricing, issues in strategic antitrust and merger analysis. Using a selection of case studies where appropriate, and examples based in game theory, the book examines these issues from both a law and economics and a microeconomics perspective. Emphasis is placed on a thorough assessment of the economic and legal arguments, blending the rigours of microeconomic analysis with common law standards. The analysis contained in the book will not only review, and indeed adapt neoclassical economic analysis but will also apply some of the methodology from the relatively new paradigm known as law and economics to many of the issues. The book also addresses the increasing overlap between emerging approaches in public choice and in law and economics. Practitioners in competition law and regulation of utilities will draw great value from this original and pertinent volume, as will scholars in the areas of regulation, competition law, competition policy and law and economics.

Barriers to Entry

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3642464262
Total Pages : 227 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Barriers to Entry by : C.C.v. Weizsäcker

Download or read book Barriers to Entry written by C.C.v. Weizsäcker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: I was originally induced to think about barriers to entry by some re search done for Charles River Associates, Inc., Boston, on behalf of their client IBM Corporation, Armonk, N.Y. After the end of this re search project I continued to work on entry barriers and related is sues of market structure. The results of this effort are reported here. What I present is not a book in the traditional sense of the word. Due to other research and administrative obligations I could not, without substantial delay, present a more finished product. The rapid progress in the field of industrial organisation theory made me fear that my results could become obsolete if I further waited with their publica tion. I hope that the early presentation of a progress report rather than a much later publication of a finished product is not only in my interest but also in the interest of economics.

Asymmetric Information and the Market Structure of the Banking Industry

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145195154X
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Asymmetric Information and the Market Structure of the Banking Industry by : Mr.Giovanni Dell'Ariccia

Download or read book Asymmetric Information and the Market Structure of the Banking Industry written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.

Barriers to Competition

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Author :
Publisher : Routledge
ISBN 13 : 1317315979
Total Pages : 240 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Barriers to Competition by : Ana Rosado Cubero

Download or read book Barriers to Competition written by Ana Rosado Cubero and published by Routledge. This book was released on 2015-09-30 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the different methods that economic science has employed in order to detect and measure barriers to entry. This book presents a chronological analysis of competing Harvard and Chicago Schools' interpretations of this phenomenon.

The Economics of Public Choice

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781956649
Total Pages : 368 pages
Book Rating : 4.9/5 (566 download)

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Book Synopsis The Economics of Public Choice by : Paddy McNutt

Download or read book The Economics of Public Choice written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2002-03-27 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of public choice.

Barriers to Entry and Strategic Competition

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1136456899
Total Pages : 113 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis Barriers to Entry and Strategic Competition by : P. Gilbert Geroski

Download or read book Barriers to Entry and Strategic Competition written by P. Gilbert Geroski and published by Taylor & Francis. This book was released on 2013-06-17 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses crucial issues in the overlap between industrial organization and strategic management.

International Trade

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Author :
Publisher : OUP Oxford
ISBN 13 : 9780198297116
Total Pages : 734 pages
Book Rating : 4.2/5 (971 download)

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Book Synopsis International Trade by : Luis Rivera-Batiz

Download or read book International Trade written by Luis Rivera-Batiz and published by OUP Oxford. This book was released on 2003 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title offers an integrated account of strategic trade analysis, combined with empirical evidence and new results. It addresses the need to synthesize and integrate the new advances in a field that has become a key element of policy discussions.

Selected Works of Joseph E. Stiglitz

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199533709
Total Pages : 767 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Selected Works of Joseph E. Stiglitz by : Joseph E. Stiglitz

Download or read book Selected Works of Joseph E. Stiglitz written by Joseph E. Stiglitz and published by Oxford University Press. This book was released on 2009 with total page 767 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in a series of six volumes containing a selection of Joseph Stiglitz's most important and widely cited work, this volume includes a number of seminal papers on the economics of information. The volume contains substantial additional original commentary by Joseph Stiglitz on his work and the field more generally.

The Theory of Industrial Organization

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Author :
Publisher : MIT Press
ISBN 13 : 0262303787
Total Pages : 1482 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Theory of Industrial Organization by : Jean Tirole

Download or read book The Theory of Industrial Organization written by Jean Tirole and published by MIT Press. This book was released on 1988-08-26 with total page 1482 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theory of Industrial Organization is the first primary text to treat the new industrial organization at the advanced-undergraduate and graduate level. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas while working at an intuitive level. To aid students at different levels, each chapter is divided into a main text and supplementary section containing more advanced material. Each chapter opens with elementary models and builds on this base to incorporate current research in a coherent synthesis. Tirole begins with a background discussion of the theory of the firm. In Part I he develops the modern theory of monopoly, addressing single product and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints. In Part II, Tirole takes up strategic interaction between firms, starting with a novel treatment of the Bertrand-Cournot interdependent pricing problem. He studies how capacity constraints, repeated interaction, product positioning, advertising, and asymmetric information affect competition or tacit collusion. He then develops topics having to do with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and a section of review exercises. Important Notice: The digital edition of this book is missing some of the images found in the physical edition.

Identifying Barriers to Entry to Livestock Input and Output Markets in South-East Asia

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Author :
Publisher : ILRI (aka ILCA and ILRAD)
ISBN 13 : 9789291461530
Total Pages : 64 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Identifying Barriers to Entry to Livestock Input and Output Markets in South-East Asia by : Ma. Lucila A. Lapar

Download or read book Identifying Barriers to Entry to Livestock Input and Output Markets in South-East Asia written by Ma. Lucila A. Lapar and published by ILRI (aka ILCA and ILRAD). This book was released on 2003-01-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This study provides a review of the development of the livestock sector during the last decade and identifies barriers to livestock input and output markets for smallholder livestock producers. Potential issues for research and development that can be addressed through policy and institutional reforms are also identified. This report focuses on the pig and poultry sector. Both sectors, particularly the pig sector, have been growing rapidly and are on the verge of structural transformation, in response to both internal and external focus, i.e. the expanding domestic demand and the opportunities for export ' (from Executive Summary, p 1)

Barriers to Entry and Growth of New Firms in Early Transition

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1441992340
Total Pages : 338 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Barriers to Entry and Growth of New Firms in Early Transition by : Iraj Hoshi

Download or read book Barriers to Entry and Growth of New Firms in Early Transition written by Iraj Hoshi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: inefficient and uncompetitive enterprises especially from the over-grown industrial sector. These initial conditions meant that, in the early stages of transition, the volume of entries and exits will be, by necessity, very high reflecting the large scale changes that had to take place before these economies attain a macroeconomic structure consistent with their level of development and with the needs of a market-based economy open to internationalcompetition. One of the main elements of the reform programme in all economies in transition was the liberalisation of entry conditions. Along with the liberalisation of prices and foreign trade, appropriate measures facilitating the establishment of new enterprises were approved in the very early phase of reforms in all of these countries. The effectiveness of liberalised entry conditions, of course, depends on the presence of appropriate legal and institutional framework in which new firms will operate. The establishment of a conducive legal and institutional environment, however, takes much longer. In practice, new firms come into existence before the rules of the game are properly established. These rules develop gradually and are not always, and everywhere, consistent with the aim of liberalising the entry conditions. The conditions facing new firms, therefore, have fluctuated in some countries in accordance with changes in the political environment and in line with the strength of different lobbies and interest groups.

Full Committee Hearing on Health Insurer Consolidation

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Author :
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Full Committee Hearing on Health Insurer Consolidation by : United States. Congress. House. Committee on Small Business

Download or read book Full Committee Hearing on Health Insurer Consolidation written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2007 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Financial Intermediation and Banking

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Author :
Publisher : Elsevier
ISBN 13 : 0080559921
Total Pages : 605 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Handbook of Financial Intermediation and Banking by : Anjan V. Thakor

Download or read book Handbook of Financial Intermediation and Banking written by Anjan V. Thakor and published by Elsevier. This book was released on 2008-07-07 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. - Original review articles offer valuable perspectives on research issues appearing in top journals - Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation - Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Private Voluntary Health Insurance in Development

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821366203
Total Pages : 460 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Private Voluntary Health Insurance in Development by : Alexander S. Preker

Download or read book Private Voluntary Health Insurance in Development written by Alexander S. Preker and published by World Bank Publications. This book was released on 2007 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private voluntary health insurance already plays an important role in the health sector of many low and middle income countries. The book reviews the context under which private insurance could contribute to an improvement in the financial sustainability of the health sector, financial protection against the costs of illness, household income smoothing, access to care, and market productivity. This volume is the third in aseries of in-depth reviews of the role of health care financing in providing access for low-income populations to needed healthcare, protecting them from the impoverishing effects of illness, and addressing the important issues of social exclusion in government financed programs.

Legislative Proposals to Restructure Our Financial System

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Publisher :
ISBN 13 :
Total Pages : 432 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Legislative Proposals to Restructure Our Financial System by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Legislative Proposals to Restructure Our Financial System written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1988 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Directions in Public Health Care

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Author :
Publisher : Routledge
ISBN 13 : 1351503251
Total Pages : 318 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis New Directions in Public Health Care by : Cotton M. Lindsay

Download or read book New Directions in Public Health Care written by Cotton M. Lindsay and published by Routledge. This book was released on 2018-04-20 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a revised edition of The Institute for Contemporary Study's report on national health insurance. It includes an analysis of legislation currently before Congress; an examination of hos-pital cost increases and cost containment; an in-vestigation of the politics of the National Health Insurance which asks if any major interest group involved in health care wants increased competi-tion; new research on both the NHS in Britain and Canada's relatively recent experiments with full NHI; an update on public health care; a considera-tion of the relationship between health and health care; a discussion of the subsidy of health care; and an analysis of the market for medical care and the effects of an NHI on the market for physicians.

Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451851995
Total Pages : 46 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition by : Mr.Tito Cordella

Download or read book Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition written by Mr.Tito Cordella and published by International Monetary Fund. This book was released on 1998-06-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. It finds that lower entry costs foster competition in deposit rate sand reduce banks’ incentives to limit risk exposure. Although higher insurance coverage amplifies this effect, two alternative arrangements (risk-based contributions to the insurance fund and public disclosure of financial information) help to reduce it. Moreover, uninsured but fully informed depositors and risk-based full deposit insurance yield the same equilibrium risk level, which is independent of entry costs. The welfare implications of the different arrangements are also explored.