Description
Book SynopsisMarket dominance - encompassing single firm dominance, overt and tacit collusion, mergers and vertical restraints - raises many complex analytical and policy issues, all of which continue to be the subject of theoretical research and policy reform. This second edition of a popular and comprehensive text extends the arguments and combines an analysis of the issues with a discussion of actual policy and case studies.
This new edition addresses the recent fundamental changes in antitrust law, especially in the UK and the EU, and reviews some high profile and controversial cases such as the Boeing-McDonnell Douglas merger and the Microsoft monopoly. The author moves on to deal with several unresolved questions including the conflicts between trade and antitrust policy, the foreign take-over of domestic assets and extra-territorial claims made by certain countries.
Market Dominance and Antitrust Policy will be of considerable value to students and scholars of economics, law and business, as well as researchers, policymakers and practitioners with an interest in competition policy and international trade.
Trade Review'Overall, this volume provides a clear and thorough presentation of the issues and relevant economic theory in a rapidly evolving and important area. Highly recommended.' -- R.A. Miller, Choice
Acclaim for the first edition: -- 'Whether for an academic or practitioner, lawyer or economist, I know of no single volume on the subject that is more comprehensive and useful than the one Utton has given us.'– C.G. Krouse, International Journal of the Economics of Business
'. . . this is a very useful and informative text which provides an integrated account of the main theoretical and practical aspects of antitrust policy. It should be of value to anyone with an interest in this area of economic policy.' -- David Young, The Economic Journal
Table of ContentsContents: Prefaces Part I: Analytical and Institutional Background 1. The Economic Analysis of Market Dominance 2. Market Dominance in Practice: Current Perceptions and Trends 3. The Antitrust Response: An Outline of Antitrust Policy in Europe and the United States Part II: Market Dominance: Horizontal Issues 4. The Measurement and Interpretation of Market Dominance 5. Market Conduct of Dominant Firms I 6. Market Conduct of Dominant Firms II 7. Market Dominance and Collusion 8. Horizontal Mergers and Market Dominance Part III: Market Dominance: Vertical Issues 9. Vertical Integration and Vertical Mergers 10. Market Dominance and Vertical Restraints Part IV: Priorities and Prospects for Antitrust 11. Priorities in Antitrust Policy 12. Antitrust Policy in an International Perspective References Index
