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Competition Policy and the Economic Approach: Foundations and Limitations

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Edited by: Josef Drexl, Wolfgang Kerber, Rupprecht Podszun

ISBN13: 9780857937391
Published: October 2012
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Paperback (Hardback in 2011)
Price: £42.00
Hardback edition , ISBN13 9781848448841



Low stock.

This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the 'economic approach to competition law' and deal with its normative and institutional limitations. In recent years the 'more economic approach' has led to a modernisation of competition law throughout the world. This book comprehensively examines for the first time, the foundations and limitations of the approach and will be of great interest to scholars of competition policy no matter what discipline.

Competition Policy and the Economic Approach will appeal to academics in competition economics and law, policy-makers and practitioners in the field of antitrust/competition law as well as postgraduate students in competition law and economics. Those interested in the interplay of law and economics in the field of competition will also find this book invaluable.

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Subjects:
Competition Law, Law and Economics
Contents:
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