Market Structure and Competition Policy: Game-Theoretic Approaches

by George Norman, Jacques-François Thisse

Overview

Market Structure and Competition Policy applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real world markets operate. These results have particular relevance to the design and application of anti-trust policy.

Product Details

ISBN-13:	9780521783330
Publisher:	Cambridge University Press
Publication date:	11/30/2000
Pages:	308
Product dimensions:	6.20(w) x 9.10(h) x 1.10(d)

About the Author

George Norman is the holder of the Cummings Family Chair in Entrepreneurship and Business Economics at Tufts University and is the Director of the Graduate Program in Economics. His publications include Economies of Scale, Transport Costs, and Location, The Economics of Imperfect Competition: a spatial approach, and Industrial Organization: Contemporary Theory and Practice (with D. Richards and L. Pepall).

Jacque-Francois Thisse is Professor of Economics in the Center for Operations Research and Econometrics at the Université Catholique de Louvain. He is the author of Does Economic Space Matter? and Discrete Choice Theory of Product Differentiation.

Table of Contents

Introduction; 1. Competition policy and game theory: reflection based on the cement industry case Claude d'Aspremont, David Encaoua and Jean-Pierre Ponssard; 2. Legal standards and economic analysis of collusion in the EC competition policy Damien J. Neven; 3. A guided tour of the folk theorem James W. Friedman; 4. Predatory pricing and anti-dumping P. K. M. Tharakan; 5. Should pricing policies be regulated when firms may tacitly collude? George Norman and Jacques-François Thisse; 6. Tougher price competition or lower concentration: a trade-off for antitrust authorities? Claude d'Aspremont and Massimo Motta; 7. The strategic effects of supply guarantees: the raincheck game Jonathan H. Hamilton; 8. Product market competition policy and technological performance Stephen Martin; 9. On some issues in the theory of competition in regulated markets Gianni de Fraja; 10. Modelling the entry and exit process in dynamic competition: an introduction to repeated commitment models Jean-Pierre Ponssard; 11. Coordination failures in the Cournot approach to deregulated bank competition André de Palma and Robert J. Gary-Bobo; 12. How the adoption of a new technology is affected by the interaction between labor and product markets Xavier Wauthy and Yves Zenou.