Tomlinson-Online - Elgar Encyclopedia on the Economics of Competition, Regulation and Antitrust

Providing an extensive overview of the literature, the Elgar Encyclopedia on the Economics of Competition, Regulation and Antitrust examines perspectives on the many interrelated issues in competition economics. Showcasing over 60 surveys from global leading economic and legal scholars, this Encyclopedia looks at what competition is, what it does, when it works well and when it does not. It investigates how best to protect and preserve competition through regulation or antitrust enforcement and reviews the strengths and weaknesses of the major antitrust laws along with over 100 years of Supreme Court interpretations of them. The included case studies provide historical context and also guidance for the future from the many lessons learned. This extensive Encyclopedia is a complete resource for economists wishing to extend their current knowledge on all aspects of competition, regulatory and antitrust issues. Policymakers and practitioners will find it an all-encompassing read for making positive future changes whilst understanding the decisions of the past.

Contents: Preface xi PART I COMPETITION THEORY 1 Auction theory 2 Daniel R. Vincent 2 Buyer cartels 8 Brianna L. Alderman and Roger D. Blair 3 Collusion and supergames 12 Michael D. Noel and Freddie Papazyan 4 Contracting with moral hazard 24 George Georgiadis 5 Demand estimation 38 Steven Berry 6 Drip pricing 43 Andrew Rhodes 7 False advertising 48 Andrew Rhodes 8 Information 52 Michael R. Baye and Jeffrey T. Prince 9 Innovation 58 Kevin A. Bryan 10 Insurance competition under asymmetric information 64 Pierre-André Chiappori 11 Machine learning 68 Syed Muhammad Ishraque Osman 12 Market failure 76 Van Kolpin and Connor Thomas Wiegand 13 Monopoly 81 Bret Dickey and Daniel L. Rubinfeld 14 Oligopoly 85 Lynne Pepall and Dan Richards 15 Price discrimination 90 Jiawei Chen and Matthew Shum 16 Productivity 95 Jan De Loecker and Chad Syverson 17 Two-sided platforms 100 Paul Belleflamme and Johannes Johnen 18 Vertical integration and mergers 109 Luke Froeb and Michael Vita PART II ANTITRUST LAW 19 Antitrust law in the U.S. 115 Layne E. Kruse and Eliot F. Turner 20 Antitrust law in the European Union 122 Alison Jones PART III ANTITRUST ISSUES 21 Concentration 132 Christopher T. Taylor 22 Exclusive contracts 136 Giacomo Calzolari and Frank Verboven 23 Franchising 143 Francine Lafontaine and Margaret E. Slade 24 Market definition 149 Lawrence J. White 25 Mergers: coordinated effects 155 Elisa Greene Morales and Timo Klein 26 Mergers: countervailing effects 164 Nathan H. Miller and Gloria Sheu 27 Mergers: unilateral effects 169 Michael D. Noel 28 Monopolization 181 Bret Dickey and Daniel L. Rubinfeld 29 Most Favoured Nation and parity clauses 186 Amelia Fletcher 30 Patents 191 Cesare Righi and Valerio Sterzi 31 Pay-for-delay patent cases 200 Kristopher Hult 32 Price fixing and conspiracy 205 Michael D. Noel 33 Resale price maintenance 219 Kenneth G. Elzinga and John P. Bigelow 34 Robinson-Patman Act and price discrimination 225 Christina DePasquale 35 Standard Setting Organizations 231 Timothy Simcoe 36 Tying and bundling 237 Jorge Padilla 37 Vertical Restraints 243 Gregory J. Werden PART IV REGULATION THEORY 38 Regulation categories 249 Lawrence J. White 39 Regulation methods 257 Mark A. Jamison 40 Regulatory goals and implementation 263 David E. M. Sappington PART V INDUSTRY CASE STUDIES IN COMPETITION, REGULATION, AND ANTITRUST 41 Agricultural cooperatives and marketing orders 271 John M. Crespi and Richard J. Sexton 42 Airlines 280 J. Forbes 43 Automobiles and CAFE standards 285 Misak Avetisyan 44 Banking and finance 289 Robert Clark and Jean-François Houde 45 Black markets 298 Gregory DeAngelo, Margaret Kohl and Bianca Nigri 46 Electricity markets 306 David P. Brown and Andrew Eckert 47 Emission regulations 313 Misak Avetisyan 48 Financial securities 317 Dan Bergstresser 49 Health insurance markets 321 Michael A. Morrisey 50 Hospital and physician markets 328 Michael A. Morrisey 51 Housing and real estate markets 334 Thomas Davidoff 52 Medicare advantage 342 Keaton Miller 53 Mobile networks and broadband 349 Thomas W. Hazlett 54 Online competition 359 Mark A. Jamison 55 Pharmaceuticals 365 Luca Maini 56 Platform businesses 372 David S. Evans 57 Railroad freight 382 Russell Pittman 58 Retail sector 386 Emek Basker 59 Technology and antitrust: lessons from Google, Microsoft, and ATT 390 Shane Greenstein 60 Telephone services 399 Andrew Kearns and Mo Xiao 61 Video distribution 409 Marion McCutcheon and Amanda D. Lotz Index 418