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Author: Dennis W. Carlton Publisher: ISBN: Category : Languages : en Pages : 25
Book Description
This article analyzes the implication of transaction costs for antitrust analysis and explains why the usual antitrust analysis can be misleading as a guide to consumer or society welfare because it assumes that pricing is linear and uniform. The article shows how the relevant transaction costs can be altered by conduct subject to antitrust review, such as loyalty discounts or merger, and thereby influence the pricing mechanism used. When conduct alters the pricing mechanism, a correct antitrust analysis must account for the consequences of that pricing on improved efficiency. The paper summarizes the results of merger simulations using nonlinear pricing to further illustrate the potential errors from ignoring the use of nonlinear pricing. Finally, the paper discusses how coalition formation, viewed through the lens of cooperative game theory, can identify those situations that might give rise to the creation of market power. The paper then applies the analysis to several topics of current antitrust interest including exclusive dealing, the conduct of credit card companies, and the setting of fair reasonable and non-discriminatory (FRAND) royalty rates for standard essential patents.
Author: Dennis W. Carlton Publisher: ISBN: Category : Languages : en Pages : 25
Book Description
This article analyzes the implication of transaction costs for antitrust analysis and explains why the usual antitrust analysis can be misleading as a guide to consumer or society welfare because it assumes that pricing is linear and uniform. The article shows how the relevant transaction costs can be altered by conduct subject to antitrust review, such as loyalty discounts or merger, and thereby influence the pricing mechanism used. When conduct alters the pricing mechanism, a correct antitrust analysis must account for the consequences of that pricing on improved efficiency. The paper summarizes the results of merger simulations using nonlinear pricing to further illustrate the potential errors from ignoring the use of nonlinear pricing. Finally, the paper discusses how coalition formation, viewed through the lens of cooperative game theory, can identify those situations that might give rise to the creation of market power. The paper then applies the analysis to several topics of current antitrust interest including exclusive dealing, the conduct of credit card companies, and the setting of fair reasonable and non-discriminatory (FRAND) royalty rates for standard essential patents.
Author: Robert Bork Publisher: ISBN: 9781736089712 Category : Languages : en Pages : 536
Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author: Publisher: Oxford University Press ISBN: 0192855018 Category : Languages : en Pages : 1424
Book Description
The complete guide to EU competition law, combining key primary sources with expert author commentary.The most comprehensive resource for students on EU competition law; extracts from key cases, academic works, and legislation are paired with incisive critique and commentary from an expert author teamSelling Points--· Full, definitive coverage of every aspect of EU competition law - the complete guide tothe subject· Students are guided through the most important extracts from key cases, articles, and statutory material, all carefully selected and explained by this experienced authorteam· 'Central Issues' at the start of each chapter clearly identify key themes and principles discussed, to help readers navigate the material effectively· Extensive footnoting and further reading suggestions provide a thorough guide to the literature, giving students a starting point for their own research and readingNew to this edition--· Full analysis of important developments in competition law and policysince 2019, including relevant case-law, new EU legislation and notices and competition law goals;· A comprehensive discussion of the evolving law and policy governing market definition and vertical,horizontal cooperation and sustainability agreements;· A new chapter on competition law in the digital economy, incorporating a discussion of the Digital Markets Act.
Author: Alison Jones Publisher: Oxford University Press ISBN: 0198723423 Category : Law Languages : en Pages : 1373
Book Description
The essential guide to EU competition law for students in one volume; extracts from key cases, academic works, and legislation are paired with incisive critique and commentary from two leading experts in the field. In this fast-paced subject area, Alison Jones and Brenda Sufrin carefully highlight the most important cases, legislation, and developments to allow students to navigate the breadth of legislation and case law. With their clear explanations and commentary, the authors provide invaluable support to students as they approach this complex and highly technical area of law. Extracts provide opportunities for students to understand the law in practice, and to see its relevance to business. Indispensable for undergraduate and postgraduate students alike, this is the standalone guide to the competition law of the EU. The text is accompanied by an Online Resource Centre containing: -An additional chapter on State Aid -An interactive map and timeline of the EU -Web links -Updates in the law
Author: Amy Kapczynski Publisher: MIT Press ISBN: 1946511722 Category : Law Languages : en Pages : 170
Book Description
Some of today’s top legal thinkers consider the ways that legal thinking has bolstered—rather than corrected—injustice. Bringing together some of today’s top legal thinkers, this volume reimagines law in the twenty-first century, zeroing in on the most vibrant debates among legal scholars today. Going beyond constitutional jurisprudence as conventionally understood, contributors show the ways in which legal thinking has bolstered rather than corrected injustice. If conservative approaches have been well served by court-centered change, contributors to Rethinking Law consider how progressive ones might rely on movement-centered, legislative, and institutional change. In other words, they believe that the problems we face today are vastly bigger than can be addressed by litigation. The courts still matter, of course, but they should be less central to questions about social justice. Contributors describe how constitutional law supported a system of economic inequality; how we might rethink the First Amendment in the age of the internet; how deeply racial bias is embedded in our laws; and what kinds of changes are necessary. They ask which is more important: the laws or how they are enforced? Rethinking Law considers these questions with an eye toward a legal system that truly supports a just society. Contributors include Jedediah Purdy, David Grewal, Jamal Greene, Reva Siegel, Jocelyn Simonson, Aziz Rana
Author: Gustavo Ghidini Publisher: Edward Elgar Publishing ISBN: 1783478012 Category : Law Languages : en Pages : 416
Book Description
Intellectual property law is built on constitutional foundations and is underpinned by the twin freedoms of freedom of expression and freedom of economic enterprise. In this thoughtful evaluation, Gustavo Ghidini offers up a reconstruction of the core features of each intellectual property paradigm, including patents, copyright, and trademarks, suggesting measures for reform to allow intellectual property to become socially beneficial for all.
Author: Christian Egenhofer Publisher: CEPS ISBN: 9290795344 Category : Languages : en Pages : 73
Book Description
A key message of this report is that full and effective implementation of proposed legislation will be necessary to ensure a true internal market for energy in the EU, but this alone will not be sufficient. In parallel, more attention must be paid to other, less-prominent fields. The report singles out i) the introduction of incentive-based network regulation and ii) the careful design of principal elements of the wholesale market, i.e. trade of electricity and gas for resale ("wholesale market design and rules"). Moreover, the internal market needs to be buttressed with the consistent application of competition rules across member states to avoid the creation of national champions. The report also argues that a functioning electricity and gas market depends on market-compatible solutions to security of supply and environmental issues and a rethinking of "executive agencies", whose use to date is inhibited by the Meroni doctrine.
Author: George J. Stigler Publisher: University of Chicago Press ISBN: 9780226774404 Category : Business & Economics Languages : en Pages : 182
Book Description
In this witty and modest intellectual autobiography, George J. Stigler gives us a fascinating glimpse into the little-known world of economics and the people who study it. One of the most distinguished economists of the twentieth century, Stigler was awarded the Nobel Prize in 1982 for his work on public regulation. He also helped found the Chicago School of economics, and many of his fellow Chicago luminaries appear in these pages, including Fredrich Hayek, Milton Friedman, Ronald Coase, and Gary Becker. Stigler's appreciation for such colleagues and his sense of excitement about economic ideas past and present make his Memoirs both highly entertaining and highly educational.
Author: Ashish Bharadwaj Publisher: Springer ISBN: 981131232X Category : Law Languages : en Pages : 350
Book Description
This open access edited book captures the complexities and conflicts arising at the interface of intellectual property rights (IPR) and competition law. To do so, it discusses four specific themes: (a) policies governing functioning of standard setting organizations (SSOs), transparency and incentivising future innovation; (b) issue of royalties for standard essential patents (SEPs) and related disputes; (c) due process principles, procedural fairness and best practices in competition law; and (d) coherence of patent policies and consonance with competition law to support innovation in new technologies. Many countries have formulated policies and re-oriented their economies to foster technological innovation as it is seen as a major source of economic growth. At the same time, there have been tensions between patent laws and competition laws, despite the fact that both are intended to enhance consumer welfare. In this regard, licensing of SEPs has been debated extensively, although in most instances, innovators and implementers successfully negotiate licensing of SEPs. However, there have been instances where disagreements on royalty base and royalty rates, terms of licensing, bundling of patents in licenses, pooling of licenses have arisen, and this has resulted in a surge of litigation in various jurisdictions and also drawn the attention of competition/anti-trust regulators. Further, a lingering lack of consensus among scholars, industry experts and regulators regarding solutions and techniques that are apposite in these matters across jurisdictions has added to the confusion. This book looks at the processes adopted by the competition/anti-trust regulators to apply the principles of due process and procedural fairness in investigating abuse of dominance cases against innovators.
Author: Dennis W. Carlton
Author: Dennis W. Carlton
Author: Robert Bork
Author: 
Author: Alison Jones
Author: Amy Kapczynski
Author: Gustavo Ghidini
Author: Christian Egenhofer
Author: George J. Stigler
Author: 
Author: Ashish Bharadwaj