Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.
An Agenda for Resource-Dependent Developing Countries
Author: David Oluwadare Adetoro
Publisher: Cambridge Scholars Publishing
Category: Political Science
This book examines the extent to which competition law and policy could be employed to promote the efficient allocation of resources in resource-dependent developing economies. Its background inquiry into competition policy and the analysis of economic problems of resource-dependent developing economies inspired by global competition trends in the United States and Europe provide an indispensable framework for understanding competition policy and current attitudes to regulation in a liberalised developing economy. The book provides a systematic exposition of some of the problems associated with resource-dependent economies and the implications for competition and what kinds of conduct in which firms can and cannot engage. In addition to building on basic competition and antitrust concepts, it offers insights into some prevailing problems, which include the issue of ‘resource curse’, rent-seeking, corruption, and abusive business practices, among others. Their examination here is aligned with scrutiny of the characteristics of developing countries in contrast to developed countries; Nigeria is taken as a proxy for resource-dependent developing countries. The book also determines whether competition law and policy could be used as a tool for addressing competition problems that may exist in resource-dependent developing countries. This book provides meaningful material for both undergraduate and graduate business school programs. In addition, it will be of great interest to lawyers, historians, economists, sociologists, and policy makers in both government and business who wish to understand competition issues in a clear and rigorous way in developing economies.
This thorough appraisal of competition law and policy from an international and comparative perspective covers the role of different international organisations active in the area, the significance of multinational enterprises and, in particular, the differences between US and EU systems. Taking examples from regions such as Africa, the Middle East and Asia, Maher M. Dabbah looks at the law and policy in developing countries and at a regional level, the internationalisation of competition law and the doctrines of extraterritoriality, bilateral cooperation and multilateral cooperation as well as the relationship between competition and trade policy. The book should prove useful to anyone who is interested in gaining an insight into the international dimension of competition law and policy. It is written in a language and style which make such a complex topic both possible to understand and enjoyable.
This textbook presents a broad examination of law and economics, including the questions of economic justice raised by the application of economics to law. It explores both conventional analysis and examines how that analysis may be affected by behavioral findings. A primary focus is on how economic analysis holds up in markets that are often defined by rights, perceived duties, and obligations. Chapters include the tools of analysis, behavioral economics, the Coase Theorem, contract law, tort law, criminal law, government regulation, antitrust, and intellectual property.
A Theory of Market Leaders and Its Policy Implications
Author: Federico Etro
Publisher: Springer Science & Business Media
This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to competition policy and issues of the abuse of dominance.
These essays, written by critics of the government's efforts to regulate Microsoft, constitute an effort to put the case in the context of the ongoing debate over the role of government in managing markets - especially in technology driven new economy industries.
طُبع الكتاب الذي كان عنوانه الرسمي "بؤس الفلسفة: رد على فلسفة البؤس لبرودون في بروكسل، بلجيكا في أوائل يوليو 1847. وقد كتب الكتاب باللغة الفرنسية لضرب هدفه على نحو وثيق، وليكون الجناس في العنوان واضحا بشكل لا لبس فيه. واعتبرت الدائرة السياسية حول ماركس، مثل الرابطة الشيوعية، الكتابَ جزءا أساسيا من برنامجهم المعاصر، إذ أنه حدد وجهات نظر الرابطة من الآراء التي تبناها برودون وأتباعه.