Clicking on the graphic to the left will take you directly to the books home page at the mit presss web site. Theory and practice, cambridge university press, 2004. I will mainly focus on issues related to abuse of dominant position such as exclusive dealing, tying, and rebates. Whinston, lectures in antitrust economics mit press, 2008 jeffrey church and roger ware, industrial organization. Lectures on antitrust economics cairoli lectures michael d. Antitrust economics course reading list competition policy. Indeed, if one is a regular reader of the new york times or wall street journal, the chances are good of seeing in any given week at least. His companion book whinston 2006 also discusses vertical integration and vertical restraints and related antitrust policies. It providesanuptodateaccountof thelatesttheoryinthe. Undergraduate economics course andrew sweeting econ.
The lectures do not strive to be comprehensive in their coverage. Rather, i focus selectively on some of the most recent developments in antitrust economics, and on some areas in which i believe there are important open issues requiring further. King professor of business institutions in the department of economics at northwestern university. Exclusive dealing, tying, and rebates hitotsubashi university february 21, 2009 lecturer. Syllabus regulation antitrust and the theory of the firm. A practical example of the use of quantitative analyses in merger control spring, 2004 competition policy newsletter. This section will present detailed case studies of recent antitrust actions in the us. Introduction 2 1 aims of the lectures antitrust laws play a prominent role in the business environment of many nations. Carleton university department of economics economics 5302.
Lectures on antitrust economics, mit press, 2006, 249 pp. Lectures on antitrust economics cairoli lectures kindle. Microeconomic theory, oxford university press, 1995, 981 pp. Mar 31, 2008 lectures on antitrust economics by michael d. Contents of volume 3 introduction to the series v contents of the handbook vii preface to the. Undergraduate economics course andrew sweeting econ 460 fall. This chapter succeeds that by alexis jacquemin and margaret slade intheoriginalhiovolumes. D lectures on antitrust economics cairoli lecture series whinston, m. Antitrust law regulates economic activity but differs in its operation from what is traditionally considered regulation. He intends this book to serve as an introduction to the economics behind antitrust law. It is a felony, with convictions leading to jail terms and fines for individuals and fines for their companies. The literature on anticompetitive exclusive dealing largely has focused on producing possibility results in simple market ettings.
This is a survey of the economic principles that underlie antitrust law and how those principles relate to. The sherman acts prohibition on contracts, combinations, and conspiracies in restraint of trade, whose. D lectures on antitrust economics cairoli lecture series article pdf available in journal of economics 933. D lectures on antitrust economics cairoli lecture series justus haucap pages 305311. Problem sets will require using stata and for one exercise matlab. In these lectures michael whinston offers an accessible and lucid. Whinston, michael, lectures on antitrust economics mit press. In this chapter, we begin our discussion of antitrust economics by considering what many consider its most central element. This topics course covers recent issues in antitrust economics. Whinston presents a superb introduction to the economics behind some parts of us antitrust law, namely 1 price. In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research. We appreciate the potential reply that it is impossible to say that a given practice never could injure consumers. His works, alone or with coauthors especially douglas bernheim and ilya segal, have shed light on such issues as exclusive contracts, tying, and multimarket collusion among others.
Lectures on antitrust economics cairoli lectures pdf. Hall whinstons elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. Hall whinston s elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. A creative economist could imagine unusual combinations of costs, elasticities, and barriers to entry that would. Rather, i focus selectively on some of the most recent developments in antitrust economics. Rigorous, yet broadly accessible to those serious about antitrust analysis, these thoughtful and thoughtprovoking lectures offer a synthetic survey of and distinctive perspective on each of the subjects addressed. Lectures on antitrust economics is available from the mit press. Review of michael whinston, lectures on antitrust economics. Where regulation is often industryspecific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. Michael whinston, lectures on antitrust economics, mit, 2006 on reserve statistical packages. He intends this book to serve as an introduction to the economics behind. Whinston presents a wonderful blend of theory, empirical work, and the practical side of antitrust law. General references on antitrust economics massimo motta, competition policy. Suppose also that after the merger, the marginal cost of production falls to c0 and the price rises to p0.
Economics 220b, spring 2007 professor joseph farrell version 1. An instants consideration reveals their most notable feature. X, marginal costs of zero, and an entry cost of 116. Antitrust economics course reading list competition. Suppose that the industry is initially competitive, with a price equal to c. These lectures are intended to serve as an introduction to the economics behind antitrust policies.
Apr 01, 2007 world competition lectures on antitrust economics, michael d. D lectures on antitrust economics cairoli lecture series haucap, justus 20080228 00. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. The department of justice doj and federal trade commission ftc have periodically issued joint guidelines outlining the method they would follow for evaluating horizontal mergers. This book covers different antitrust cases with the chapters usually written by someone who participated as an expert witness or consultant in the case. Microeconomics is a new undergraduate intermediate microeconomics textbook by b. The focus of this paper is on competition policy and law in the asean countries. D lectures on antitrust economics cairoli lecture series find. D lectures on antitrust economics cairoli lecture series by justus haucap. Lectures on antitrust economics cairoli lectures pdf free. Michael whinston, lectures on antitrust economics, mit, 2006. World competition lectures on antitrust economics, michael d. Syllabus regulation antitrust and the theory of the. Michael whinston is one of the economists who have contributed most to the understanding of antitrust issues.
The paper begins with a descriptive evaluation of competition policy in the asean countries. Pdf on apr 1, 2008, justus haucap and others published whinston, m. Lectures in antitrust economics by michael whinston cambridge university press and competition policy by massimo motta cambridge university press. Whinston is a coauthor of the leading graduate textbook in microeconomics, microeconomic theory oxford university press, 1995, and is also the author of lectures on. You can use whatever package you choose, so if you are an ace sasrspssc programmer you can use your preferred language, but. Professor michael whinston of northwestern university is a well known industrial organization economist who has contributed both theoretical and empirical research on various aspects of competition analysis. In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent. Lectures on antitrust economics chapter 1 northwestern university. Whinston, 9780262731874, available at book depository with free delivery worldwide. Whinston, lectures on antitrust economics, chapter 1. Finally, michael whinston discusses horizontal integration.
An introduction to theory and practice, cambridge university press. Lectures on antitrust economics cairoli lectures michael. In this chapter our attention turns to horizontal merger policy. Introduction conspiratorial price fixing is a serious federal offense in the u. Lectures on antitrust economics cairoli lectures michael d whinston on. Econ 465 pubpol 310 market power and public policy. Michael whinston, lectures on antitrust economics, mit press, 2006.