Market Structure and Competition Policy: Game theoretic approaches
Title: Market Structure and Competition Policy: Game theoretic approaches
Publisher: Cambridge, Cambridge University Press
Citation: Cambridge, Cambridge University Press, 2000
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 organisation, 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. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.
Table of Contents:
--Introduction --George Norman and Jacques-Francois Thisse 1 --1 Competition policy and game-theory: reflections based on the cement industry case Claude d'Aspremont, David Encaoua and Jean-Pierre Ponssard 9 --2 Legal standards and economic analysis of collusion in EC competition policy Damien J. Neven 31 --3 A guided tour of the Folk Theorem James W. Friedman 51 --4 Predatory pricing and anti-dumping P.K. Mathew Tharakan 70 --5 Should pricing policies be regulated when firms may tacitly collude? George Norman and Jacques-Franois Thisse 96 --6 Tougher price competition or lower concentration: a trade-off for anti-trust authorities? Claude d'Aspremont and Massimo Motta 125 --7 The strategic effects of supply guarantees: the raincheck game Jonathan H. Hamilton 143 --8 Product market competition policy and technological performance Stephen Martin 161 --9 On some issues in the theory of competition in regulated markets Gianni De Fraja 191 --10 Modelling the entry and exit process in dynamic competition: an introduction to repeated-commitment models Jean-Pierre Ponssard 215 --11 Coordination failures in the Cournot approach to deregulated bank competition Andre de Palma and Robert J. Gary-Bobo 232 --12 How the adoption of a new technology is affected by the interaction between labour and product markets Xavier Wauthy and Yves Zenou 271 --Index 287