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Antitrust Policy and Vertical Restraints (Paperback)
Loot Price: R485
Discovery Miles 4 850
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Antitrust Policy and Vertical Restraints (Paperback)
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Loot Price R485
Discovery Miles 4 850
Expected to ship within 12 - 17 working days
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"Antitrust law is intended to protect consumer welfare and foster
competition. At first glance, however, it is often unclear whether
certain business practices have positive or detrimental effects.
Businesses frequently engage in activities that may appear
anticompetitive on the surface, but are actually beneficial to
consumers. Business tying practices, for example, make the sale of
one product conditional upon the sale of another product. This
practice can either deprive consumers of choice and drive up prices
or lower costs and improve convenience. Therefore, it is critical
that policymakers have a keen understanding of which vertical
restraints-limitations imposed on businesses by firms located in
the production chain-are likely to harm consumers more than they
benefit competition. In order to formulate economically efficient
policies, they must be able to identify and limit those practices
that are likely to do more harm than good. In A ntitrust Policy and
Vertical Restraints a group of leading scholars takes a hard look
at how restraints limit the conditions under which firms may
purchase, sell, or resell a good or service. The authors,
representing both sides of the antitrust debate over tying
practices, provide a uniquely broad perspective on this critical
economic policy issue. Contributors include Dennis Carlton
(University of Chicago), David Evans (University College London),
Bruce Kobayashi (George Mason University), and Michael Waldman
(Cornell University). "
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