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Market Structure and Competition Policy: Game-Theoretic Approaches - Hardcover

 
9780521783330: Market Structure and Competition Policy: Game-Theoretic Approaches

Synopsis

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.

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Book Description

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.

About the Author

Jacque-Francois Thisse is Professor of Economics in the Center for Operations Research and Econometrics at the Université Catholique de Louvain. He is the author of Does Economic Space Matter? and Discrete Choice Theory of Product Differentiation.

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