Experiments and Competition Policy

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Jeroen Hinloopen (Universiteit van Amsterdam) Hans-Theo Normann (Royal Holloway, University of London)

Experiments and Competition Policy

Jeroen Hinloopen (Universiteit van Amsterdam), Hans-Theo Normann (Royal Holloway, University of London)

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English

Cambridge University Press
27 October 2011

Economics of industrial organisation; Business competition

Economists have begun to make much greater use of experimental methods in their research. The award of the Nobel Prize in 2002 to Vernon Smith confirmed that the use of such methods is now seen as an important and credible part of the economist's toolkit. In Experiments and Competition Policy, leading scholars in the field of experimental economics survey the use of experimental methods and show how they can help us to understand firm behaviour in relation to various forms of competition policy. Chapters are organized in terms of the main fields of competition policy - collusion, abusive practices and mergers - and there is also a separate section dealing with auctions and procurement. Written in a clear and non-technical style, this volume is an excellent introduction to what the increasingly important field of experimental economics can bring to the theory and practice of competition policy.

Afterword by: Hans-Theo Normann (Royal Holloway University of London)
Edited by: Jeroen Hinloopen (Universiteit van Amsterdam)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 18mm
Weight: 440g
ISBN: 9781107403611
ISBN 10: 1107403618
Pages: 330
Publication Date: 27 October 2011
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Reviews for Experiments and Competition Policy

Review of the hardback: 'This is a most timely book. The European Commission has heralded in the more economic approach to competition policy. While both (game) theory and econometrics have made headway in anti-trust territory, anti-trust practice has almost totally neglected the experimental evidence. This volume aptly combines survey articles with fresh evidence directly targeting standard topics in competition policy. It is highly recommended for experimental economists, industrial organization specialists, and anti-trust lawyers.' Christoph Engel, Max-Planck-Institute for Research on Collective Goods, Bonn, and University of Bonn Review of the hardback: 'The coming of age of experimental economics is signified by the increased role it plays for policy making. Experiments and Competition Policy provides an in-depth overview of the diverse policy applications that can be studied in the laboratory, including collusion, mergers, price competition, and auction design. Hinloopen and Normann have done a superb job of collecting a broad array of frontier research. This work should prove a useful reference for academicians and practitioners for years to come.' Jacob K. Goeree, Caltech Social Science Experimental Laboratory (SSEL), Caltech