William J. Baumol's Regulation Misled by Misread Theory: Perfect Competition and PDF

By William J. Baumol

ISBN-10: 0844713902

ISBN-13: 9780844713908

Law Misled through misinterpret concept adjustments how we predict approximately economics. usual economics has lengthy held that companies can expense discriminate merely after they have monopoly strength. Antitrust professionals and different regulators are hence tempted to exploit the lifestyles of expense discrimination as one indicator company may still almost certainly be topic to govt research. during this monograph Professor Baumol exhibits that fee discrimination not just exists in aggressive markets yet occasionally is an important function of them. Baumol concludes by way of urging regulators to tread rigorously while using thought to coverage.

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Extra resources for Regulation Misled by Misread Theory: Perfect Competition and Competition-Imposed Price Discrimination

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Hébert. 1999. Secret Origins of Modern Microeconomics, Chicago. IL: University of Chicago Press. Elhauge, Einar. 2003. Why Above-Cost Price Cuts to Drive Out Entrants Are Not Predatory—and the Implications for Defining Costs and Market Power. Yale Law Journal 112 (4): 681–827. Katz, Jane. ” Federal Reserve Bank of Boston Regional Review, no. htm. Fudenberg, Drew, and Jean Tirole. 1987. Understanding Rent Dissipation: On the Uses of Game Theory in Industrial Organization. American Economic Review, Papers and Proceedings 77: 176–83.

20. Of course, properly interpreted, this standard should refer to economic profits rather than accounting profits, and one must be under no illusion about the difficulties that beset calculation of the magnitude of those profits. References Armstrong, Mark, and John Vickers. 2001. Competitive Price Discrimination. RAND Journal of Economics 32: 579–605. Arrow, Kenneth J. 1951. An Extension of the Basic Theorems of Classical Welfare Economics. Proceedings of the Second Berkeley Symposium on Mathematical Statistics and Probability.

Willig. 1988. Contestable Markets and the Theory of Industry Structure. Rev. ed. San Diego, CA: Harcourt Brace Jovanovich. Berry, Stephen. 2000. S. Department of Justice v. AMR Corporation (unpublished). Carlton, Dennis W. 2001. A General Analysis of Exclusionary Conduct and Refusal to Deal—Why Aspen and Kodak are Misguided. Antitrust Law Journal 68 (3): 659–84. Cournot, Antoine-Augustin. 1839, 1897. The Mathematical Principles of the Theory of Wealth. New York: Macmillan. , Jr. 1998. Advance-Purchase Discounts and Price Discrimination in Competitive Markets.

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Regulation Misled by Misread Theory: Perfect Competition and Competition-Imposed Price Discrimination by William J. Baumol

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