The law and economics of media platforms from the university of chicago. The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to varying degrees guides the design and enforcement of the antitrust laws of the united states. Economics is a way of thinking, and students can apply this way of thinking to nearly any aspect of the world see section v for a discussion of various subfields of economics. Therefore, this material should be regarded as an introduction to health economics rather than to economics. Topics will include hog farming, the carolina panthers, the outsourcing of manufacturing jobs, the proliferation of walmarts, and more. We are all constantly affected by the economic decisions of the government. Does not replace economics courses for the economics major. Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action. Council of economic advisers issue brief updated may 2016 benefits of competition and indicators of market power introduction contours of antitrust law through court decisions. This is the text of a coase lecture given at the university of chicago law school on january 6, 1998. It begins with an overview of different rationales for such damages and their implications. Fisher this article considers several economics related issues in the theory of damages especially in private antitrust cases, drawing possible lessons for europe from us experience. Oxford university press oxford university press is a department of the university of oxford.
This sevenweek course will explore the relationship between law and technology with a strong focus on the law of the united states with some. Michael whinston, lectures on antitrust economics, mit press 2006. An introduction to antitrust economicst ernest gellhorn the objective of antitrust law is to assure a competitive economy, based upon the belief that through competition consumer wants will be satisfied at the lowest price with the sacrifice of the least amount of scarce resources. Through the study of antitrust, diligent students will improve. These lectures are intended to serve as an introduction to the economics behind antitrust policies. The theory and application of corporate credit investing. Online free ebooks download lectures on antitrust economics. Lecture notes government regulation of industry economics. Lectures on antitrust economics cairoli lectures whinston, michael d on. D lectures on antitrust economics cairoli lecture series 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 lecture note on health economics is prepared in line with the set curriculum, which is currently in use in health professionals training institutes. Chapter 16, antitrust policy and business regulation. Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory. Very helpful introduction to the economics of antitrust. In these lectures michael whinston offers an accessible and lucid. Hall whinstons elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. Economics of regulation and antitrust ebook, 2005 worldcat. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which. Massimo motta, competition policy, cambridge university press 2004. Lectures on antitrust economics cairoli lectures antitrust developments 19551968. Antitrust economics course reading list competition policy. These this issue brief describes the ways in which competition. After three years, the ftcs legal staffbut not its economics staffrecommended that the commission bring a case focusing on microsofts licensing practices with personal computer manufacturers.
Mit opencourseware makes the materials used in the teaching of almost all of mits subjects available on the web, free of charge. Horizontal mergers 8 condition 6 indicates that for price to fall the merged. D lectures on antitrust economics cairoli lecture series find, read and cite all the research you need on researchgate. Milestones econ re dryden press series in economics the law book.
In the lectures, we will focus on the theoretical principles of competition policy and. Suppose that the industry is initially competitive, with a price equal to c. Exclusive dealing, tying, and rebates hitotsubashi university february 21, 2009 lecturer. A pdf version of the spring 2012 syllabus can be found here. I will mainly focus on issues related to abuse of dominant position such as exclusive dealing, tying, and rebates. It furthers the universitys objective of excellence in research. Public economics 11 introduction these lectures are concerned with the economics of the public sector. The dominant emphasis of the ever more popular view concerns the ascendance of economics in antitrust decisionmaking and doctrine. This topics course covers recent issues in antitrust economics. 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.
Audiovideo lectures mit opencourseware free online. Price ceilings and price floors pdf before watching the lecture video, read the course textbook for an introduction to the material covered in this session. The course will give an overview of the main theoretical foundations and economic models used as well as its practical implications in real life cases. Enrollment in econ 420 is illadvised for any student not. Audretsch january 2011 there is considerable disagreement over optimal antitrust policy. Theory and practice cambridge university press, 2004 mankiw, gregory n. S a l o p a n d c a r l s h a p i r o t he 2014 nobel memorial prize in economic sciences was awarded to toulouse school of economics professor jean tirole for his analysis of market power and regulation. Some propose a weak role for antitrust auth orities, others a strong role. Lectures on antitrust economics cairoli lectures michael d whinston on.
In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent. I have developed and taught courses related to antitrust economics, primarily for graduate students, judges and officials, and practitioners, and have authored handbook chapters on various antitrust subjects. Where regulation is often industryspecific and involves the direct setting of prices. Lectures on antitrust economics cairoli lectures pdf. These differences dont stem principally from politics, in the sense of different. Economics of regulation and antitrust second edition w. Pdf on apr 1, 2008, justus haucap and others published whinston, m. The university of oxford centre for competition law and policy. Find materials for this course in the pages linked along the left. Abbott visiting fellow, all souls college, trinity term 2005 on leave from the u. Rather, i focus selectively on some of the most recent developments in antitrust economics, and. Caspersen and household international professor of law and economics, harvard law school.
Introduction 2 1 aims of the lectures antitrust laws play a prominent role in the business environment of many nations. The economics department requires all students to take courses in introductory and intermediate economic theory in order to have a strong grasp on fundamental economic. Save up to 80% by choosing the etextbook option for isbn. An introduction to economic analysis of law richard a. In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law. Antitrust law regulates economic activity but differs in its operation from what is traditionally considered regulation. X, marginal costs of zero, and an entry cost of 116. The oxford handbook of international antitrust economics volume i edited by roger d. This section will present detailed case studies of recent antitrust actions in the us. Antitrust economics course lectures competition policy. My expert work has focused on competition policy and regulation. This website uses cookies so that we can provide you with the best user experience possible.
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 cairoli lectures competition law, innovation and antitrust. A supplement to the report of the attorney generals national committee to study the antitrust laws, march 31, 1955 more heat than light. A nontechnical introduction russell pittman abstract the importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in the developed market economies in the past forty years. The same can increasingly be said of newspapers in many capitals around the world. Perloff, modern industrial organization addisonwesley, 4th ed. Lectures on antitrust economics cairoli lectures michael. The lectures do not strive to be comprehensive in their coverage. Economic doctrines and approaches to antitrust by robert d. Whinston apologizes for his focus on economics and his limited treatment of antitrust law, but i find this a strength. The handbook of antitrust economics offers scholars, students, administrators, courts, companies, and lawyers the economists 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. Consequently, this article focuses on those basic principles of economic theory which bear directly on antitrust policy.
Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Income tax, sales taxes, local taxes, and social security. Antitrust economics course reading list competition. Harrington go to the editions section to read or download ebooks. Lecture notes principles of macroeconomics economics. Economics of regulation and antitrust open library. In fact, while many antitrust scholars prefer to portray the field as a. We begin with an overview of the history of the ideas informing u.
Basic concepts of economics through the study of basic economic issues facing the residents of north carolina. D lectures on antitrust economics cairoli lecture series find. Lectures on antitrust economics cairoli lectures pdf free. Microsofts antitrust woes began in 1990 when the federal trade commission ftc launched an investigation of the company. With more than 2,400 courses available, ocw is delivering on the promise of open sharing of knowledge. Economic analysis and antitrust damages franklin m. D lectures on antitrust economics cairoli lecture series.
Socratically taught courses require consistent preparation on the part of the students as well as the instructor. The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to. Lectures in antitrust economics by michael whinston cambridge university press and competition policy by massimo motta cambridge university press. From hammurabi to the international criminal court, 250 milestones in the history of law sterling. Bureaucratic and judicial impact of antitrust laws and other regulatory means on the american economy.
For one thing, the law is gradually shifting toward. An instants consideration reveals their most notable feature. The assumptions underlying antitrust economics are wrong. This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. Lectures on antitrust economics cairoli lectures kindle. A r t i c l e s antitrust jean tiroles nobel prize in. Antitrust economics reading list indicates required reading required and recommended textbooks. As caulkins notes, legal standards are informed by economics, moreover, so as economics evolves the law may evolve with it. This section provides the schedule of lecture topics along with lecture notes for each topic. This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues.
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. Lectures on antitrust economics cairoli lectures kindle edition. An analysis of tying and technological integration new horizons in competition law and economics economics of regulation and antitrust mit press antitrust casebook. 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. Increasing reliance on noncooperative game theory as. Supreme court opinions delivered in landmark antitrust cases. John m vernon this new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues.
Departing from the traditional emphasis on institutions, economics of regulation and antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. Suppose also that after the merger, the marginal cost of production falls to c0 and the price rises to p0. Economics of regulation and antitrust 6 editions by w. D lectures on antitrust economics cairoli lecture series, journal of economics on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips.
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