Competition Policy Analysis (Routledge Studies in the Modern World Economy, 25)

Book Cover......Page 1
Title......Page 4
Contents......Page 5
List of figures......Page 10
List of tables......Page 11
List of contributors......Page 12
Preface......Page 14
Introduction......Page 16
Towards a competitive society? The promotion of competition as a goal of economic policy......Page 21
Some history of thought......Page 22
The scope of competition policy......Page 24
Competition and efficiency......Page 26
Competition and income distribution......Page 29
Implications for the organization of competition policy......Page 31
Notes......Page 33
References......Page 34
Competition law and policy: achievements and failures from an economic perspective......Page 35
Some questionable assumptions......Page 36
The legitimate goals of competition law and competition policy......Page 37
Relationship between competition law and policy and economic development......Page 39
Economic theory and the legal instrument......Page 41
Economic analysis as a guide to competition law enforcement......Page 46
Conclusion......Page 49
Competition policy and market dynamics......Page 50
An incentive-oriented approach to competition analysis......Page 51
Some implications for competition policy......Page 55
Note......Page 57
Who should be responsible for competition policy in regulated industries?......Page 58
Objectives, tasks and instruments......Page 59
Organizational models......Page 61
Organizational challenges......Page 65
Principles of good (government) organization......Page 70
Conclusion......Page 74
Notes......Page 76
References......Page 78
Implementation of second-best solutions: the judge or the bureaucrat? A lawyer's perspective......Page 80
The new generation of competing statutes......Page 81
The rule of law......Page 82
The status of economic analysis......Page 83
Administrative vs. judicial enforcement......Page 85
Capture theories......Page 86
Information asymmetries......Page 87
Rent-seeking......Page 89
Conclusion......Page 91
Competition policy with a Coasian prior?......Page 93
The Coasian prior......Page 95
The incentive approach......Page 96
Practice and institutional problems......Page 98
Conclusion......Page 99
Notes......Page 100
References......Page 101
The Australian competition policy reforms......Page 102
Structural reform of public monopolies......Page 104
Access to facilities......Page 105
Prices oversight......Page 113
The interaction between competition policy and regulation......Page 114
Telecommunications case study......Page 119
Conclusion......Page 122
Note......Page 123
Competition policy in the information economy......Page 124
A brief strategic guide to the information economy......Page 125
Horizontal mergers......Page 128
Vertical and complementary mergers......Page 133
Standard-setting and cooperation......Page 135
Unilateral conduct by dominant firms......Page 137
Conclusion......Page 139
Acknowledgements......Page 140
Notes......Page 145
Regulating manufacturers and their exclusive retailers......Page 148
The choice of retail organizational form......Page 151
Exclusive retailers and the law......Page 154
Three cases of regulation of manufacturers and their exclusive retailers......Page 155
Conclusion......Page 160
Notes......Page 161
References......Page 163
Deregulating Norwegian airlines......Page 165
Compete, collude or both?......Page 167
Why collusion on prices?......Page 169
Clustering of departures?......Page 170
Policy implications......Page 173
Notes......Page 175
References......Page 177
Resource allocation by a competition authority......Page 180
The firm's problem......Page 181
The competition authority's problem......Page 185
Tacit collusion......Page 198
Conclusion......Page 199
Appendix......Page 200
Acknowledgement......Page 212
References......Page 214
European state aid policy: an economic analysis......Page 215
The literature relevant to state aids......Page 218
An alternative analytical framework......Page 227
Policy implications......Page 238
The Commission's procedure in its analysis of cases......Page 244
Conclusion......Page 251
Notes......Page 252
Index......Page 254