Us And Ec Oligopoly Control, Vol. 14 »

Legal jurisdictions have laws in place to control the domination of particular markets by monopolistic entities, but not to maintain competition in a market dominated by a few big—but not quite monopolistic—players when they engage in tacit rather than explicit collusion. Stroux assesses whether such tacit collusion can and should be caught by ex post application of the relevant competition laws that already exist in the US and European Community. She begins by setting out the economics of oligopoly, then looks at the US and European laws, and at facilitating practices and merger policies in oligopolistic markets under the two regimes. The study is based on her 2003 Ph.D. dissertation for the European University Institute in Florence, Italy. It is not indexed. Annotation ©2004 Book News, Inc., Portland, OR