Experiments and Competition Policy

ISBN 13: 9780521493420

Experiments and Competition Policy

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9780521493420: Experiments and Competition Policy

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.

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Book Description:

Economists have begun to make much greater use of experimental methods in their research. This collection surveys these methods and shows how they can help us to understand firm behaviour in relation to various forms of competition policy.

About the Author:

Jeroen Hinloopen is Professor of Industrial Organization at the University of Amsterdam and at the Catholic University of Leuven. He is also Research Fellow of the Tinbergen Institute, a member of the editorial board of the Review of Industrial Organization, an ENCORE fellow, and a fellow of the Amsterdam Centre for Law and Economics. Hans-Theo Normann is Professor of Economics at Royal Holloway, University of London. He is also Senior Research Fellow at the Max-Planck Institute for Research on Collective Goods in Bonn and a fellow at ENCORE.

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