Monday, February 4, 2008
Posted by D. Daniel Sokol
One of the most important edited volumes to have on your bookshelves is the forthcoming Handbook of Antitrust Economics edited by Paolo Buccirossi.
ABSTRACT: Over the past twenty years, economic theory has
begun to play a central role in antitrust matters. In earlier days, the
application of antitrust rules was viewed almost entirely in formal
terms; now it is widely accepted that the proper interpretation of
these rules requires an understanding of how markets work and how firms
can alter their efficient functioning. The Handbook of Antitrust Economics
offers scholars, students, administrators, courts, companies, and
lawyers the economist’s view of the subject, describing the application
of newly developed theoretical models and improved empirical methods to
antitrust and competition law in both the United States and the
European Union. (The book uses the U.S. term "antitrust law" and the
European "competition law" interchangeably, emphasizing the
commonalities between the two jurisdictions.)
After a general discussion of the use of empirical methods in antitrust cases, the Handbook covers merger agreements, abuses of dominance (or unilateral effects), and market features that affect the ways firms compete. Chapters examine such topics as analyzing the competitive effects of both horizontal and vertical mergers, detecting and preventing cartels, theoretical and empirical analyses of vertical restraints, state aids, the relationship of competition law to the defense of intellectual property, and the application of antitrust law to "bidding markets," network industries, and two-sided markets.
Mark Armstrong, Jonathan B. Baker, Timothy F. Bresnahan, Paolo Buccirossi, Nicholas Economides, Hans W. Friederiszick, Luke M. Froeb, Richard J. Gilbert, Joseph E. Harrington, Jr., Paul Klemperer, Kai-Uwe Kuhn, Francine Lafontaine, Damien J. Neven, Patrick Rey, Michael H. Riordan, Jean-Charles Rochet, Lars-Hendrik Röller, Margaret Slade, Giancarlo Spagnolo, Jean Tirole, Thibaud Vergé, Vincent Verouden, John Vickers, Gregory J. Werden.