Given the increase in large scale mergers throughout the world, this book addresses the growing problem of restricted competition through collusion and the perennial debate surrounding the use of government subsidies for industries to further national interests. The aims of the book are threefold; firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed. Secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy, and thirdly, to discuss the practice of competition policy in the US, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints. Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy. This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics.

The Rise and Fall of the Wealth of Nations is an interdisciplinary study concerning growth and cycles in economic development. It builds a bridge between rigorous economic theory and historical studies of long run economic evolution.This authoritative book explains long waves of economic activity and the rivalry of nations for leadership. It considers the concept that such waves of activity are characterized by a cyclical change of societies focusing alternately on capital accumulation and distribution. It also discusses the idea that a change in the economic leadership of a nation occurs after nations reach the height of their influence and turn away from accumulating capital in favour of distribution of income and wealth. This volume will be welcomed by academics, policymakers and students of economics and economic history.

Given the increase in large scale mergers throughout the world, this book addresses the growing problem of restricted competition through collusion and the perennial debate surrounding the use of government subsidies for industries to further national interests. The aims of the book are threefold; firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed. Secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy, and thirdly, to discuss the practice of competition policy in the US, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints. Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy. This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics.

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.

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.

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

In einer Marktwirtschaft bildet die Wettbewerbspolitik den Eckstein der Wirtschaftspolitik. Sie wird flankiert durch eine Politik des stabilen Geldes, eine durch Privateigentum und Vertragsfreiheit charakterisierte Rechtsordnung und erganzt durch Sozialpolitik sowie eine makrookonomische Stabilisierungspolitik. Ubergeordnetes Ziel bleibt die Wohlfahrtsmaximierung.
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