Market Structure and Competition Policy Game-Theoretic Approaches [Hardcover]

This 2000 text applies modern advances in game theory to the analysis of competition policy.A wide-ranging contribution to the literature on industrial economics, combining theory and applied case studies, on the sometimes surprising effects of competition or anti-trust policy on industry structure. The studies show how tough competition rules may in the long run lead to a reduction of competition and choice to the consumer. Essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.A wide-ranging contribution to the literature on industrial economics, combining theory and applied case studies, on the sometimes surprising effects of competition or anti-trust policy on industry structure. The studies show how tough competition rules may in the long run lead to a reduction of competition and choice to the consumer. Essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.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.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.lÓh