Economists have begun to make much greater use of experimental
methods in their research. The award of the Nobel Prize in 2002 to
Vernon Smith confirmed that the use of such methods is now seen as
an important and credible part of the economist's toolkit. In
Experiments and Competition Policy, leading scholars in the field
of experimental economics survey the use of experimental methods
and show how they can help us to understand firm behaviour in
relation to various forms of competition policy. Chapters are
organized in terms of the main fields of competition policy -
collusion, abusive practices and mergers - and there is also a
separate section dealing with auctions and procurement. Written in
a clear and non-technical style, this volume is an excellent
introduction to what the increasingly important field of
experimental economics can bring to the theory and practice of
competition policy.
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