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Competition Policy
Theory and Practice


  • Date Published: March 2004
  • availability: Available
  • format: Hardback
  • isbn: 9780521816632
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About the Authors
  • This is the first book to provide a systematic treatment of the economics of antitrust (or competition policy) in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination, and to formulate policy implications on these issues. The interaction between theory and practice is one of the main features of the book, which contains frequent references to competition policy cases and a few fully developed case studies. The treatment is written to appeal to practitioners and students, to lawyers and economists. It is not only a textbook in economics for first year graduate or advanced undergraduate courses, but also a book for all those who wish to understand competition issues in a clear and rigorous way. Exercises and some solved problems are provided.

    • Most student-friendly, up to date text on competition policy/antitrust
    • Author is excellent expositor, at the forefront of scholarly research in competition policy
    • Book covers both Europe and the US; contains exercises and some solved problems
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    Reviews & endorsements

    'Motta brings together today's economic theory with important cases from both sides of the Atlantic. It will be a valuable resource for students and practitioners, and I look forward to using it in classes.' Joseph Farrell, University of California, Berkeley

    'Massimo Motta has filled a major lacuna by providing a comprehensive treatment of the modern theory of antitrust/competition policy. He masterfully blends theory and E.U. cases to produce a treatise that works at both the undergraduate and graduate levels, serves as a valuable resource for working economists, and is readable to many non-economists. In addition, by offering his own judicious views on the state of competition policy, he encourages the reader to go beyond digesting current knowledge and to think critically. A course on U.S. antitrust economics could do no better than to assign this text while complementing it with a collection of U.S. cases.' Joseph Harrington, Johns Hopkins University

    'This careful treatment of the economics of competition policy, from an expert who has himself made important contributions to the theory, should be an essential reference for anyone working in the field. It fills a real gap in the market, and should be useful to practitioners as well as both advanced undergraduate and graduate students.' Paul Klemperer, Oxford University

    'In this innovative and thoughtful volume, Massimo Motta brings the new generation of game-theoretic I.O. models to bear on a wonderfully wide ranging set of important recent cases in competition policy. This book will be of great interest, and of lasting value, to students and practitioners alike.' John Sutton, London School of Economics

    'The book presents a good mix of examples, simple and intuitive explanations and more demanding, formalised models as well as exercises with suggested solutions. The true value of this book lies in its level of detail'. European Competition Law Review

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    Customer reviews

    15th Apr 2015 by Ilias1982

    Competition policy is an excellent work from Massimo Motta and it is very useful for my studies.

    Review was not posted due to profanity


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    Product details

    • Date Published: March 2004
    • format: Hardback
    • isbn: 9780521816632
    • length: 642 pages
    • dimensions: 242 x 160 x 37 mm
    • weight: 1.005kg
    • contains: 35 b/w illus. 19 tables
    • availability: Available
  • Table of Contents

    Part I. Competition Policy: History, Objectives and the Law:
    1. Introduction
    2. Brief history of competition policy
    3. Objectives of competition policy, and other public policies
    4. The main features of European competition law
    5. Exercises
    Part II. Market Power and Welfare: Introduction:
    6. Overview of the chapter
    7. Allocative efficiency
    8. Productive efficiency
    9. Dynamic efficiency
    10. Public policies and incentives to innovate
    11. Monopoly: will the market fix it all?
    12. Summary and policy conclusions
    13. Exercises
    14. Solutions of exercises
    Part III. Market Definition and the Assessment of Market Power:
    15. Introduction
    16. Market definition
    17. The assessment of market power
    18. Exercises
    Part IV. Collusion and Horizontal Agreements:
    19. Introduction
    20. Factors that facilitate collusion
    21. Advanced material
    22. Practice: what should be legal and what illegal?
    23. Joint-ventures and other horizontal agreements
    24. A case of parallel behaviour: wood pulp
    25. Exercises
    Part V. Horizontal Mergers:
    26. Introduction
    27. Unilateral effects
    28. Pro-collusive effects
    29. A more general model
    30. Merger remedies
    31. Merger policy in the European Union
    32. Case studies
    33. Exercises
    Part VI. Vertical Restraints and Vertical Mergers:
    34. What are vertical restraints?
    35. Intra-brand competition
    36. Inter-brand competition
    37. Anti-competitive effects: leverage and foreclosure
    38. Conclusions and policy implications
    39. Cases
    40. Exercises
    Part VII. Predation, Monopolisation, and Other Abusive Practices:
    41. Introduction
    42. Predatory pricing
    43. Non-price monopolisation practices
    44. Price discrimination
    45. US v. Microsoft
    46. Exercises
    47. Solutions of exercises
    Part VIII. A Toolkit: Game Theory and Imperfect Competition Models:
    48. Introduction
    49. Monopoly
    50. Oligopoly I: market competition in static games
    51. Oligopoly II: dynamic games
    52. Appendix.

  • Author

    Massimo Motta, Universitat Pompeu Fabra, Barcelona

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