Michael whinston is one of the economists who have contributed most to the understanding of antitrust issues. Apr 01, 2007 world competition lectures on antitrust economics, michael d. Lectures on antitrust economics cairoli lectures pdf free. Lectures on antitrust economics is available from the mit press. Carleton university department of economics economics 5302. X, marginal costs of zero, and an entry cost of 116. D lectures on antitrust economics cairoli lecture series justus haucap pages 305311. Introduction conspiratorial price fixing is a serious federal offense in the u. The department of justice doj and federal trade commission ftc have periodically issued joint guidelines outlining the method they would follow for evaluating horizontal mergers. Antitrust economics course reading list competition policy. Lectures on antitrust economics cairoli lectures kindle. Whinston, michael, lectures on antitrust economics mit press.
Suppose also that after the merger, the marginal cost of production falls to c0 and the price rises to p0. We appreciate the potential reply that it is impossible to say that a given practice never could injure consumers. Rather, i focus selectively on some of the most recent developments in antitrust economics, and on some areas in which i believe there are important open issues requiring further. These lectures are intended to serve as an introduction to the economics behind antitrust policies. D lectures on antitrust economics cairoli lecture series justus haucap 1 journal of economics volume 93, pages 305 311 2008 cite this article. He intends this book to serve as an introduction to the economics behind antitrust law. Exclusive dealing, tying, and rebates hitotsubashi university february 21, 2009 lecturer. Michael whinston, lectures on antitrust economics, mit, 2006 on reserve statistical packages. D lectures on antitrust economics cairoli lecture series by justus haucap. A practical example of the use of quantitative analyses in merger control spring, 2004 competition policy newsletter. In this chapter our attention turns to horizontal merger policy. This section will present detailed case studies of recent antitrust actions in the us.
Segal and whinston, w11525 antitrust in innovative industries. Review of michael whinston, lectures on antitrust economics. Theory and practice, cambridge university press, 2004. This chapter succeeds that by alexis jacquemin and margaret slade intheoriginalhiovolumes. An introduction to theory and practice, cambridge university press. Whinston is a coauthor of the leading graduate textbook in microeconomics, microeconomic theory oxford university press, 1995, and is also the author of lectures on. Where regulation is often industryspecific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Whinston, 9780262731874, available at book depository with free delivery worldwide. The lectures do not strive to be comprehensive in their coverage. The sherman acts prohibition on contracts, combinations, and conspiracies in restraint of trade, whose. Indeed, if one is a regular reader of the new york times or wall street journal, the chances are good of seeing in any given week at least.
Lectures on antitrust economics cairoli lectures michael. Microeconomics is a new undergraduate intermediate microeconomics textbook by b. Lectures in antitrust economics by michael whinston cambridge university press and competition policy by massimo motta cambridge university press. The focus of this paper is on competition policy and law in the asean countries. Lectures on antitrust economics chapter 1 northwestern university. Undergraduate economics course andrew sweeting econ. This topics course covers recent issues in antitrust economics.
Microeconomics the mcgrawhill series in economics 2nd. In this chapter, we begin our discussion of antitrust economics by considering what many consider its most central element. Whinston presents a superb introduction to the economics behind some parts of us antitrust law, namely 1 price. In these lectures michael whinston offers an accessible and lucid.
Syllabus regulation antitrust and the theory of the. Economics 220b, spring 2007 professor joseph farrell version 1. Hall whinston s elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. Clicking on the graphic to the left will take you directly to the books home page at the mit presss web site. Suppose that the industry is initially competitive, with a price equal to c. King professor of business institutions in the department of economics at northwestern university. Lectures on antitrust economics cairoli lectures michael d whinston on. Microeconomic theory, oxford university press, 1995, 981 pp. Michael whinston, lectures on antitrust economics, mit press, 2006. It is a felony, with convictions leading to jail terms and fines for individuals and fines for their companies. Whinston, lectures on antitrust economics, chapter 1.
Pdf on apr 1, 2008, justus haucap and others published whinston, m. The literature on anticompetitive exclusive dealing largely has focused on producing possibility results in simple market ettings. Antitrust economics course reading list competition. Professor michael whinston of northwestern university is a well known industrial organization economist who has contributed both theoretical and empirical research on various aspects of competition analysis. World competition lectures on antitrust economics, michael d. Mar 31, 2008 lectures on antitrust economics by michael d. This book covers different antitrust cases with the chapters usually written by someone who participated as an expert witness or consultant in the case. A creative economist could imagine unusual combinations of costs, elasticities, and barriers to entry that would. Finally, michael whinston discusses horizontal integration. In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antitrust economics and highlighting areas that require further research.
General references on antitrust economics massimo motta, competition policy. He intends this book to serve as an introduction to the economics behind. D lectures on antitrust economics cairoli lecture series article pdf available in journal of economics 933. Undergraduate economics course andrew sweeting econ 460 fall. D lectures on antitrust economics cairoli lecture series find. Antitrust law regulates economic activity but differs in its operation from what is traditionally considered regulation. Rather, i focus selectively on some of the most recent developments in antitrust economics. I will mainly focus on issues related to abuse of dominant position such as exclusive dealing, tying, and rebates.
D lectures on antitrust economics cairoli lecture series haucap, justus 20080228 00. Lectures on antitrust economics cairoli lectures pdf. Whinston, lectures in antitrust economics mit press, 2008 jeffrey church and roger ware, industrial organization. Econ 465 pubpol 310 market power and public policy. Contents of volume 3 introduction to the series v contents of the handbook vii preface to the. You can use whatever package you choose, so if you are an ace sasrspssc programmer you can use your preferred language, but. Problem sets will require using stata and for one exercise matlab. Hall whinstons elegant volume, derived from lectures given at torcuato university in argentina, drills into three important topics in competition policy. Michael whinston, lectures on antitrust economics, mit, 2006. His companion book whinston 2006 also discusses vertical integration and vertical restraints and related antitrust policies.
An instants consideration reveals their most notable feature. Rigorous, yet broadly accessible to those serious about antitrust analysis, these thoughtful and thoughtprovoking lectures offer a synthetic survey of and distinctive perspective on each of the subjects addressed. It providesanuptodateaccountof thelatesttheoryinthe. Lectures on antitrust economics, mit press, 2006, 249 pp. Whinston presents a wonderful blend of theory, empirical work, and the practical side of antitrust law.
His works, alone or with coauthors especially douglas bernheim and ilya segal, have shed light on such issues as exclusive contracts, tying, and multimarket collusion among others. D lectures on antitrust economics cairoli lecture series whinston, m. In these lectures michael whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent. This is a survey of the economic principles that underlie antitrust law and how those principles relate to. Syllabus regulation antitrust and the theory of the firm. The paper begins with a descriptive evaluation of competition policy in the asean countries. Lectures on antitrust economics cairoli lectures michael d. Introduction 2 1 aims of the lectures antitrust laws play a prominent role in the business environment of many nations.
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