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Showing 1 - 14 of
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In modern markets innovation is at least as great a concern as
price competition. The book discusses how antitrust policy and
patent and copyright laws interact to create market dynamics that
affect both competition and innovation. Antitrust and intellectual
property policies for the most part are complementary, sharing
common goals of promoting innovation and economic welfare. In some
cases, however, their distinct approaches, one based on competition
and the other on exclusion, come into conflict. As antitrust
authorities focus increasingly on ensuring that firms do not
interfere with innovation by rivals or impede the pace of
technological progress in an industry, they necessarily must
confront difficult questions about the strength and scope of
intellectual property rights. When should private property rights
give way to public competition objectives? When is it appropriate
to remedy anticompetitive outcomes through access to protected
intellectual property? How does antitrust enforcement or
competition itself affect incentives to innovate? Leading
economists and lawyers address these questions from both US and EU
perspectives in discussing salient antitrust cases involving
intellectual property rights such as Microsoft, Magill, Kodak, IMS
and Intel. Offering a non-technical introduction to this major
topic, this book will be of interest to those practitioners and
legal and economic scholars who may only be aware of one side of
the conflicting views on competition law and intellectual property
law. It will also be of interest more generally to schools and
universities of law in the EU and the US.
Environmental Policy in Europe focuses on the creation of
environmental policy, how new legislation is formed and the
influence brought to bear by industrial interest groups. By
addressing the nature of this consultation process between
interested parties and public authorities, the authors show why
public policy in the European Union is so different in practice
from the prescriptions of academic scholarship. European
environmental legislation results from a process of consultation
and negotiation which is extensively explored in this volume by a
distinguished group of authors. Focusing on such issues as
pesticide registration, combustion emissions, the European waste
management industry, recycling regulations and eco-auditing, they
offer unique insights into the development of public policy. While
the analysis focuses on the actual behaviour of firms and public
authorities, the authors also discuss the involvement of firms
within the regulation devising process - to determine whether their
behaviour distorts the public interest - and the strategic use by
firms of the regulatory process by firms leading to restrictions of
competition. Scholars, students and policymakers will welcome
Environmental Policy in Europe for seeking to enlarge the
traditional perspective of environmental economics on public policy
while integrating the recent advances of both the economics of
regulation and industrial economics.
This impressive volume presents a detailed comparative analysis of
merger remedies in the EU and US, motivated by the fact that a
growing number of mergers are being scrutinised and reviewed under
both jurisdictions. Merger remedies on either side of the Atlantic
play an increasingly important role in the implementation of public
policy with regard to the economic concentration of industry. The
book provides an understanding of merger remedies in general, and
of procedural and substantive differences in the approach of the EU
and the US. The editors have gathered together leading European and
American practitioners and scholars to comprehensively discuss this
issue. They aim to help policymakers decide if, and how, current
practices can be improved, and to help firms and their counsel
better prepare cases and predict outcomes. This volume sets forth
an agenda for future research by providing a critical overview of
merger remedies and their implementation in the EU and US. It will
become the requisite study in the field for scholars of industrial
organisation, law and economics, and for legal practitioners and
policymakers working in the realm of competition law.
This book responds to the opening up of electricity markets to
competition, which has completely changed the nature of power
generation. The building of new generation and transmission
capacity and the setting of the energy mix between nuclear, gas and
renewable resources are mainly left to private initiative and
investors. The authors and the editor of this book explore whether
or not market forces offer a sustainable future for electricity
generation. They employ economic theory and method to answer
questions such as: Will the market be able to ensure adequacy of
generation capacity and security of supply? Can price signals from
future electricity markets lead to an acceptable level of
investment for society? How can market and public intervention
combine to deliver the right signal to invest in expanding and
reinforcing the grid? How can two complementary investments such as
the building of power plants and the expansion of the network be
coordinated successfully? With a focus on the EU and US liberalised
electricity markets, these questions, and others, are answered by
leading thinkers in the field, and offer a much-needed assessment
of the long-term consequences of liberalisation.
The realisation of a European internal market for energy is still a
work in progress. Written by leading European scholars and
discussed with major energy stakeholders, this book presents a
thorough analysis of the motives and methods needed to achieve a
single European energy market. The authors discuss the critical
issues surrounding an internal European energy market including:
market design, competition and market power, sustainable energy
versus the market, regulation and harmonisation, benchmarking and
indicators, modelling of competition, market prices and energy
forecasts. They provide a multi-disciplinary assessment of the
'best way' to build the market base of a future European energy
policy. Electricity Reform in Europe will be of great interest to
decision makers and managers in the energy industry or business
sector as they will be able to see the whole European energy policy
'picture' beyond their own corporate interests. The book will also
appeal to national and European energy administrations, regulatory
bodies and policy makers providing a synthesis of all relevant
policy issues.
The diverse and excellent set of authors assembled in this book
sheds light on the continuing and conflicting calls for
deregulation and re-regulation of important industries and informs
the ongoing, increasingly global, policy debate over the evolving
line between regulation and general competition policy. The purpose
of this book is to understand the debate and its policy
implications, focusing on the traditionally regulated sectors of
telecommunications and energy, and comparing approaches in the
European Union and the United States. The book also contains
contributions that generalize across industries, thus lending
relevance beyond the two sectors that anchor the book. Innovatively
combining legal and economic views, Antitrust and Regulation in the
EU and US will be of great interest to scholars of competition law,
international law firms, and competition authorities and
sector-specific regulation authorities (federal and state).
In recent years, voluntary approaches to emission reductions have
increasingly been adopted by major companies all over the world and
have increasingly been supported by regulatory bodies and public
administrations. Despite this world-wide effort to achieve a better
environmental performance through voluntary approaches, economic
analysis has somehow neglected the importance of voluntary
approaches as an environmental policy instrument. This book is a
first attempt to fill this gap by gathering together all major
experts in the fields and by providing a detailed analysis of all
main aspects characterising the design and implementation of
voluntary approaches in environmental policy. The book, which is
the outcome of cooperation between the Ecole des Mines of Paris and
the Fondazione ENI E. Mattei, within the EU Concerted Action on
Market Based Policy Instruments for Environmental Protection,
contains both theoretical analyses and case studies. The chapters
of this book therefore provide a useful assessment of the main
features and of the potential implementation problems of a new,
important and promising environmental policy instrument.
Transport Pricing of Electricity Networks aims at providing a
methodological and practical transmission tariff guide, to those
who are involved in the electricity business as managers,
engineers, lawyers, economists, regulators or policy-makers, but
are not specialists in electricity transport, nor in tariff-setting
for public utilities. It offers a synthesis of the recent economic
research on the subject. The volume is divided into three major
parts, each presenting a general aspect of transmission pricing:
its legal and accounting background, its basic theory, and its
implementation, successively.
How much does it cost to transmit electricity from a nuclear plant
close to Lyon in France, to a car manufacturer located in Stuttgart
in Germany? What price should a system operator in Canada charge a
pulp and paper mill that uses the high-voltage grid for only a few
weeks per year? Where in California is it more profitable to
reinforce or build a new transmission line? What is the best place
to locate a power gas station in England, in order to pay the
lowest transmission cost? Such questions are novel and crucial for
American and European liberalised electricity markets. Transport
Pricing of Electricity Networks shows how the economics toolbox can
be used to answer them.
Transport Pricing of Electricity Networks aims at providing a
methodological and practical transmission tariff guide, to those
who are involved in the electricity business as managers,
engineers, lawyers, economists, regulators or policy-makers, but
are not specialists in electricity transport, nor in tariff-setting
for public utilities. It offers a synthesis of the recent economic
research on the subject. The volume is divided into three major
parts, each presenting a general aspect of transmission pricing:
its legal and accounting background, its basic theory, and its
implementation, successively.
How much does it cost to transmit electricity from a nuclear plant
close to Lyon in France, to a car manufacturer located in Stuttgart
in Germany? What price should a system operator in Canada charge a
pulp and paper mill that uses the high-voltage grid for only a few
weeks per year? Where in California is it more profitable to
reinforce or build a new transmission line? What is the best place
to locate a power gas station in England, in order to pay the
lowest transmission cost? Such questions are novel and crucial for
American and European liberalised electricity markets. Transport
Pricing of Electricity Networks shows how the economics toolbox can
be used to answer them.
In recent years, voluntary approaches to emission reductions have
increasingly been adopted by major companies all over the world and
have increasingly been supported by regulatory bodies and public
administrations. Despite this world-wide effort to achieve a better
environmental performance through voluntary approaches, economic
analysis has somehow neglected the importance of voluntary
approaches as an environmental policy instrument. This book is a
first attempt to fill this gap by gathering together all major
experts in the fields and by providing a detailed analysis of all
main aspects characterising the design and implementation of
voluntary approaches in environmental policy. The book, which is
the outcome of cooperation between the A0/00cole des Mines of Paris
and the Fondazione ENI E. Mattei, within the EU Concerted Action on
Market Based Policy Instruments for Environmental Protection,
contains both theoretical analyses and case studies. The chapters
of this book therefore provide a useful assessment of the main
features and of the potential implementation problems of a new,
important and promising environmental policy instrument.
In economic, technical and political terms, the security of energy
supply is of the utmost importance for Europe. Alongside
competition and sustainability, supply security represents a
cornerstone of the EU's energy policy, and in times of rising
geopolitical conflict plays an increasingly important role in its
external relation. Within this context, the contributors analyse
and explore the natural gas, nuclear, and hydrogen energy sectors,
which will be of critical significance for the future of energy
supplies in EuropeThe book opens with an extensive exploration of
the very definition of `supply security' and moves beyond
sector-specific debates to highlight the political sensitivity
surrounding energy security. The expert contributors apply a policy
perspective, underpinned by theoretical discussion, to economic
analysis in order to yield policy-relevant conclusions. They
illustrate that the EU lacks a coherent transnational energy
policy, that national energy policies fail to match EU goals and
that, ultimately, sustainable energy policies, more competition,
and better regulation will improve global welfare Academics and EU
policymakers- both at national and international levels-will find
that the topical policy recommendations, extensive overview of
supply security, and detailed perspectives on the natural gas,
nuclear and hydrogen sectors presented herewith constitute an
invaluable reference and recearch tool
Is nuclear power a thing of the past or a technology for the
future? Has it become too expensive and dangerous, or is it still
competitive and sufficiently safe? Should emerging countries invest
in it? Can we trust calculations of the probability of a major
nuclear accident? In the face of divergent claims and contradictory
facts, this book provides an in-depth and balanced economic
analysis of the main controversies surrounding nuclear power.
Without taking sides, it helps readers gain a better understanding
of the uncertainties surrounding the costs, hazards, regulation and
politics of nuclear power. Written several years on from the
Fukushima Daiichi nuclear disaster of 2011, this is an important
resource for students, researchers, energy professionals and
concerned citizens wanting to engage with the continuing debate on
the future of nuclear power and its place in international energy
policy.
Leveque recounts twenty revealing tales of real-life rivalry
between firms across diverse industries, including wine, skiing,
opera, video games and cruise liners. These entertaining and
insightful narratives are informed by recent advances in economics,
factoring in the many forces driving competition, including
globalization and innovation. Divided into four sections, the book
covers competition and the market; competition and variety;
competition through innovation; and competition and equality. Read
together, these stories also serve as building blocks to address
the issue of whether competition between firms has entered a new
era of increased intensity. This book will appeal to anyone, from
company executives to consumers, who are interested in the
economics of contemporary industry and want to incorporate a grasp
of competition into their everyday decision-making. This book can
also be used as a supplementary text in courses in microeconomics,
business economics and industrial organisation.
Is nuclear power a thing of the past or a technology for the
future? Has it become too expensive and dangerous, or is it still
competitive and sufficiently safe? Should emerging countries invest
in it? Can we trust calculations of the probability of a major
nuclear accident? In the face of divergent claims and contradictory
facts, this book provides an in-depth and balanced economic
analysis of the main controversies surrounding nuclear power.
Without taking sides, it helps readers gain a better understanding
of the uncertainties surrounding the costs, hazards, regulation and
politics of nuclear power. Written several years on from the
Fukushima Daiichi nuclear disaster of 2011, this is an important
resource for students, researchers, energy professionals and
concerned citizens wanting to engage with the continuing debate on
the future of nuclear power and its place in international energy
policy.
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