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Law and Economics in Japanese Competition Policy (Paperback, 1st ed. 2019)
Loot Price: R3,431
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Law and Economics in Japanese Competition Policy (Paperback, 1st ed. 2019)
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This book demonstrates how economics is used in cases of
competition in Japan. Competition between firms is usually the most
effective way of allocating economic resources and achieving
consumer and producer welfare. At the same time, a balance must be
struck; firms must not be over-regulated, but neither must they be
completely free to create a monopoly or oligopoly. Therefore, the
role of competition policy is to maintain a balance by using the
collaborative economics of industrial organization. The book uses
economic analysis to evaluate case studies on Japanese
anti-monopoly law, the Act Concerning Prohibition of Private
Monopolization and Maintenance of Fair Trade (AMA), and enforcement
in e.g. cartel cases, private monopolization cases, and merger
cases. The Japan Fair Trade Commission implements a competition
policy, primarily through the enforcement of the AMA, which
promotes ingenuity and innovation in business by guaranteeing and
enhancing fair and free competition, thereby ensuring economic
vitality and consumer benefit. This book is the first authoritative
and compact work on competition policy in Japan, which has a
more-than-70-year history and is based on solid legal principles.
In addition, the book seeks to promote law enforcement based on
economic analysis, and includes studies describing the enforcement
mechanisms used. It provides comprehensive yet concise information
on the structure of the AMA, recent cases, and economic analysis.
It also explains the circumstances regarding recent cases and
analyzes how the economic policy has been applied to actual cases.
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