Description
Book SynopsisThis outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law.
Trade Review‘While the book will probably have its greatest appeal to scholars in the field, practitioners should not neglect it, as it offers a concise compilation of fundamental issues in competition law that frequently draws from concrete cases. It is true that the book delivers few definite answers but rather raises new questions, as acknowledged by the editors in their foreword. However, this will only add to the substance of the discussion and should not be regarded as a shortcoming. The book’s biggest strength may thus well be the fact that it constantly encourages the reader to challenge conventional thinking. Moreover, it rightly calls for a distinction between the use of economic insight to inform competition policy and improve the accuracy and effectiveness of its abstract rules on the one hand, and the use of in-depth quantitative economic analyses in individual cases on the other hand.’ -- Hendrik Auf’mkolk, Competition and Regulation in Network Industries
Table of ContentsContents: Introduction Rupprecht Podszun PART I: THE GOALS OF COMPETITION POLICY 1. Consumer Welfare and Competition Policy Gregory J. Werden 2. Consumer Welfare, Total Welfare and Economic Freedom – On the Normative Foundations of Competition Policy Viktor J. Vanberg 3. Consumer Welfare, Economic Freedom and the Moral Quality of Competition Law – Comments on Gregory Werden and Victor Vanberg Daniel Zimmer PART II: MERITS AND CHALLENGES OF MODERN INDUSTRIAL ECONOMICS 4. Current Issues in Antitrust Analysis Daniel L. Rubinfeld 5. Using Economics for Identifying Anticompetitive Unilateral Practices Michele Polo 6. Modern Industrial Economics: Open Problems and Possible Limits Oliver Budzinski 7. Modern Industrial Economics Revisited – Comments on Daniel Rubinfeld, Michele Polo and Oliver Budzinski Laurence Idot PART III: COMPETITION POLICY AND EVOLUTIONARY AND INNOVATION ECONOMICS 8. Industrial Dynamics and Evolution – The Role of Innovation, Competences and Learning Uwe Cantner 9. Competition, Innovation and Maintaining Diversity through Competition Law Wolfgang Kerber 10. The Impact of Innovation – Comments on Uwe Cantner and Wolfgang Kerber Andreas Heinemann PART IV: COMPETITION POLICY AND BEHAVIOURAL AND EXPERIMENTAL ECONOMICS 11. Bounded Rationality and Competition Policy Justus Haucap 12. Using Experimental Economics to Understand Competition Bart J. Wilson 13. Competition as a Socially Desirable Dilemma – Theory v. Experimental Evidence Christoph Engel 14. Introducing More Features of Real Life into the Economists’ World of Theoretical Models – Comments on Justus Haucap, Bart Wilson and Christoph Engel Andreas Fuchs PART V: THE POLITICAL ECONOMY OF COMPETITION POLICY 15. Normative and Institutional Limitations to a More Economic Approach Dirk Schroeder 16. Competition Agencies, Independence, and the Political Process William E. Kovacic 17. On the (a)political Character of the Economic Approach to Competition Law Josef Drexl Index
