 |
|
|
|
 |
CONOMICS OF ANTITRUST: NEW ISSUES, QUESTIONS, AND INSIGHTS
is a provocative look at the issues and questions
|
surrounding antitrust public policy and litigation. Edited by economist Lawrence Wu, the book is an anthology of work by respected experts at NERA Economic Consulting, one of the world’s foremost firms of economists and a unit of Marsh & McLennan Companies, the global insurance, investment, and consulting services leader.
Since 1961, NERA economists have played an influential role in providing research, analysis, and expert witness testimony in connection with mergers and acquisitions and many of the high-profile litigation matters that have shaped the global economy. In this book, they bring their expertise and knowledge to bear in fourteen articles that tackle the important and controversial antitrust issues and problems of the day. The chapters cover a panoply of topics, from mergers in the US and Europe to business practices such as predatory pricing, price discrimination, product bundling, and tying.
|
|
|
|
|
 |
ECONOMICS OF ANTITRUST: NEW ISSUES, QUESTIONS, AND INSIGHTS
contains perspectives that should prove indispensable to attorneys, government regulators, economists, academicians, students, and others seeking a full understanding of the topic. By showing how economics is applied in the “real world,” the book provides insights into compelling issues including:
|
|
|
 |
|
How price discrimination may be beneficial to consumers by enhancing competition and lowering prices; |
|
|
|
|
How to distinguish anticompetitive predatory pricing from aggressive competition; |
|
|
|
|
Why and how specific market facts and circumstances can determine whether a merger of two competing companies might or might not lead to higher prices for consumers; |
|
|
|
|
Why high accounting profits do not imply that a company has market power; |
|
|
|
|
Why a conventional application of traditional antitrust principles should not be relied upon to assess mergers that raise competitive concerns about the level and pace of R&D; and |
|
|
|
|
Why it is important to look beyond market shares when evaluating the competitive effects of a proposed merger. |
|
ECONOMICS OF ANTITRUST: NEW ISSUES, QUESTIONS, AND INSIGHTS
provides answers to these and other questions. The book is required reading for anyone interested in gaining a deeper understanding of the issues and questions that are front and center in any public policy or legal debate involving antitrust and competition.
|
|
|
| |
Contributing Authors