This book investigates monopoly policy in the UK from 1973-1995 using all of the monopoly cases which the Monopolies and Mergers Commission (MMC) reported on during this period. It provides a rigorous analysis of 14 detailed case studies, and focuses specifically on those cases where the MMC sought to introduce change through price controls, termination of anti-competitive practices or divestment. It assesses how effective such measures have been in combating problems such as monopoly pricing, collusion, predatory and discriminatory pricing and different forms of vertical restraint. From the evidence, the authors discuss the strengths and weaknesses of current policy and examine the scope for reform. This book will be of interest to students and researchers interested in competition policy, industrial organisation, the British economy and business strategy.

This study combines an industry level and a firm level analysis on the wage and employment effects of multinational companies. This has not been attempted in any previous work. In view of the results, important questions are raised regarding how global changes in the structure of production may affect labour markets and the organisation of work in the future.

This text considers the impact of multinational firms and global competition on labour markets. This study combines an industry level and an analysis on the wage and employment effects of multinational companies. The author explains how many foreign-owned companies based in the UK pay higher wages in absolute terms than to domestically-owned firms, but not sufficiently high to match their even greater productivity. Hence, for foreign-owned firms the share of wages in output or in total outcome generated tends to be low. In view of this, important questions are raised regarding how global changes in the structure of production may affect labour markets and the organization of work in the future.