Market Structure and Competition Policy: Game-Theoretic Approaches

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George Norman (Tufts University, Massachusetts) Jacques-François Thisse (Université Catholique de Louvain, Belgium)

Market Structure and Competition Policy

Game-Theoretic Approaches

George Norman (Tufts University, Massachusetts), Jacques-François Thisse (Université Catholique de Louvain, Belgium)

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English

Cambridge University Press
04 August 2011

Economic theory & philosophy; Business competition; Game theory

Summary
Details

This 2000 text 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. 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.

Edited by: George Norman (Tufts University Massachusetts), Jacques-François Thisse (Université Catholique de Louvain, Belgium)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 18mm
Weight: 450g
ISBN: 9781107403260
ISBN 10: 110740326X
Pages: 306
Publication Date: 04 August 2011
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active