A Game-Theoretic Perspective
By (author) Louis Phlips
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Competition Policy by Louis Phlips
Book DescriptionThis book uses game theory to analyse anti-competitive behaviour among firms and to consider its implications for competition policy. Part I focuses on 'explicit collusion': the author proves that 'four are few and six are many', and shows how cartels can be enforced under imperfect and incomplete information. Part II on 'tacit collusion' discusses the informational requirements of collusion detection in noncooperative repeated games. In Part III on 'semicollusion', excess capacity is shown to reinforce collusion. Part IV is devoted to the detection of predatory pricing. In this book, Louis Phlips applies the latest economic theory to a discussion of several European antitrust decisions and empirical studies. The presentation of case studies, combined with a clear exposition of the theory, will make this book invaluable to teachers and students of competition policy.
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Book DetailsISBN: 9780521498715
(228mm x 152mm x 16mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 19-Oct-1995
Country of Publication: United Kingdom
Books By Author Louis Phlips
Applied Industrial Economics, Paperback (September 1998)
A reader in applied industrial organisation for graduate and senior undergraduate level students edited by the leading writer in this field.
Economics of Imperfect Information, Paperback (February 1989)» View all books by Louis Phlips
This book provides a systematic presentation of new microeconomic theories of imperfect information.
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