Authors: W. Kip Viscusi
ISBN-13: 9780262220750, ISBN-10: 026222075X
Format: Hardcover
Publisher: MIT Press
Date Published: September 2005
Edition: 4th Edition
W. Kip Viscusi is the University Distinguished Professor of Law, Economics, and Management at Vanderbilt University.
Joseph E. Harrington is Professor of Economics at Johns Hopkins University.
John M. Vernon is Professor of Economics at Duke University.
A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations.
New edition of a text that places economic reasoning first and foremost in analyzing regulatory and antitrust issues--stressing the economic theory and empirical analysis that provide the rationale for government intervention in the market. Institutional aspects of regulation and antitrust policy are also treated in case studies on mergers, cable television, and transportation regulation, among other topics. New subjects, such as regulation of environmental tobacco smoke, have been added to the second edition, and others, such as pharmaceutical regulation and price competition in electric power, have been given new treatments to reflect the changing emphases of government policy. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Preface to the Third Edition | ||
1 | Introduction | 1 |
Appendix | 11 | |
2 | The Making of a Regulation | 13 |
App | Trends in Regulatory Agency Budgets and Staff | 48 |
3 | Introduction to Antitrust | 61 |
App | Antitrust Statutes | 72 |
4 | Efficiency and Technical Progress | 75 |
5 | Oligopoly, Collusion, and Antitrust | 97 |
App. A | 137 | |
App. B | 138 | |
6 | Market Structure and Strategic Competition | 143 |
7 | Mergers | 191 |
8 | Vertical Mergers and Restrictions | 219 |
9 | Monopolization and Price Discrimination | 257 |
10 | Introduction to Economic Regulation | 297 |
11 | Theory of Natural Monopoly | 337 |
12 | Natural Monopoly Regulation and Electric Power | 361 |
13 | Franchise Bidding and Cable Television | 395 |
14 | Public Enterprise | 433 |
15 | Dynamic Issues in Natural Monopoly Regulation: Telecommunications | 453 |
16 | The Regulation of Potentially Competitive Markets: Theory and Estimation Methods | 495 |
17 | Economic Regulation of Transportation: Surface Freight and Airlines | 529 |
18 | Economic Regulation of Energy: Crude Oil and Natural Gas | 585 |
19 | Introduction: The Emergence of Health, Safety, and Environmental Regulation | 637 |
20 | Valuing Life and Other Nonmonetary Benefits | 661 |
21 | Environmental Regulation | 687 |
22 | Product Safety | 725 |
23 | Regulation of Workplace Health and Safety | 761 |
24 | Patents and Pharmaceuticals | 799 |
Author Index | 837 | |
Subject Index | 841 |