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This indispensable Handbook examines both economic and legal
aspects of competition policy and industrial organization. It
provides a scholarly review of the state of the art regarding
economic theory, empirical evidence and standards of legal
evaluation. The book aims primarily at furthering our understanding
of the interplay between economic reasoning and legal expertise by
concentrating on the fundamental issues and principles underlying
competition policy. Following a comprehensive introduction, the
authors investigate a number of important themes including: * the
natural limits of competition * efficiency versus market power *
small firms, innovation and competition * trade policy and
competition policy * financial services * the political economy of
antitrust * dominance and monopolization * identifying anti-trust
markets * competition policy versus regulation * competition policy
in a globalized economy. Each of the specially commissioned
chapters, written by leading authorities in the field, provides a
stimulating exploration of the intricacies of competition policy.
The book will be accessible to a wide audience including students
of economics and law, public administrators, lawyers, consultants
and business managers. It will also be of particular interest to
policymakers in EU accession countries who are required to
introduce an appropriate legal framework to implement EU
competition policy.
Competition, Efficiency and Welfare contains a collection of papers
in honor of Manfred Neumann. This collection was prepared as a
tribute to a teacher and scholar, whose accomplishments have
enriched various fields of economics. The magnitude of his
interests is reflected in the breadth of topics covered in this
volume: industrial economics, competition policy and related
topics. However, if one unifying principle runs through Manfred
Neumann's work, it is the belief in the power of competition. Born
on May 16, 1933, Manfred Neumann studied economics at the
University of Cologne. He graduated in 1960. In 1969 Manfred
Neumann was appointed Professor of Economics at Nurnberg
University. He was Dean of the Faculty of Economics and Social
Sciences of the University of Erlangen-Nurnberg, President of the
European Association for Research in Industrial Economics (EARIE)
and Chairman of Industrial Organization Study Group of the Verein
fur Sozialpolitik. Most of his professional career has been spent
at Nurnberg, where he has helped to make the Economic Institute one
of the leading research centers in Industrial Organization. He has
also been involved in various advisory activities. The volume
contains 18 essays. The first twelve are grouped into four
categories: Innovation and R&D (Part I), Cartels (Part II),
Mergers and Merger Policy (Part III), and Methodological Issues in
Industrial Organization (Part IV). These papers fall within the
bounds of industrial economics, which has been Manfred Neumann's
primary research interest throughout his career. Part V includes
two papers on theories of international trade, which has been a
recurring topic of interest for Manfred Neumann through the years.
The last three papers look at broader policy and macroeconomic
issues. Contributors to this volume include Karl Aiginger, David B.
Audretsch, Paul A. Geroski, Stephen Martin and Dennis Mueller.
This indispensable Handbook examines both economic and legal
aspects of competition policy and industrial organization. It
provides a scholarly review of the state of the art regarding
economic theory, empirical evidence and standards of legal
evaluation. The book aims primarily at furthering our understanding
of the interplay between economic reasoning and legal expertise by
concentrating on the fundamental issues and principles underlying
competition policy. Following a comprehensive introduction, the
authors investigate a number of important themes including: * the
natural limits of competition * efficiency versus market power *
small firms, innovation and competition * trade policy and
competition policy * financial services * the political economy of
antitrust * dominance and monopolization * identifying anti-trust
markets * competition policy versus regulation * competition policy
in a globalized economy. Each of the specially commissioned
chapters, written by leading authorities in the field, provides a
stimulating exploration of the intricacies of competition policy.
The book will be accessible to a wide audience including students
of economics and law, public administrators, lawyers, consultants
and business managers. It will also be of particular interest to
policymakers in EU accession countries who are required to
introduce an appropriate legal framework to implement EU
competition policy.
Competition, Efficiency and Welfare contains a collection of papers
in honor of Manfred Neumann. This collection was prepared as a
tribute to a teacher and scholar, whose accomplishments have
enriched various fields of economics. The magnitude of his
interests is reflected in the breadth of topics covered in this
volume: industrial economics, competition policy and related
topics. However, if one unifying principle runs through Manfred
Neumann's work, it is the belief in the power of competition. Born
on May 16, 1933, Manfred Neumann studied economics at the
University of Cologne. He graduated in 1960. In 1969 Manfred
Neumann was appointed Professor of Economics at Nurnberg
University. He was Dean of the Faculty of Economics and Social
Sciences of the University of Erlangen-Nurnberg, President of the
European Association for Research in Industrial Economics (EARIE)
and Chairman of Industrial Organization Study Group of the Verein
fur Sozialpolitik. Most of his professional career has been spent
at Nurnberg, where he has helped to make the Economic Institute one
of the leading research centers in Industrial Organization. He has
also been involved in various advisory activities. The volume
contains 18 essays. The first twelve are grouped into four
categories: Innovation and R&D (Part I), Cartels (Part II),
Mergers and Merger Policy (Part III), and Methodological Issues in
Industrial Organization (Part IV). These papers fall within the
bounds of industrial economics, which has been Manfred Neumann's
primary research interest throughout his career. Part V includes
two papers on theories of international trade, which has been a
recurring topic of interest for Manfred Neumann through the years.
The last three papers look at broader policy and macroeconomic
issues. Contributors to this volume include Karl Aiginger, David B.
Audretsch, Paul A. Geroski, Stephen Martin and Dennis Mueller.
This indispensable Handbook examines the interface of competition
policy, competition law and industrial economics.The book aims to
further our understanding of how economic reasoning and legal
expertise complement each other in defining the fundamental issues
and principles in competition policy. In specially commissioned
chapters the book provides a scholarly review of economic theory,
empirical evidence and standards of legal evaluation with respect
to monopolization of markets, exploitation of market power and
mergers, among other issues. The International Handbook of
Competition Second Edition will be accessible to a wide audience
including students of economics and law, public administrators,
lawyers, consultants, and business executives. Contributors: D.B.
Audretsch, E.W. Bond, A.W.A. Boot, V. Ghosal, R. Griffith, K.
Huschelrath, C. Kirchner, M. Marinc, S. Martin, D.C. Mueller, L.
Nesheim, M. Neumann, A. Rasch, A. Rathbone, C. Rowley, A. Wambach,
J. Weigand, B.B. Yurtoglu
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