Economics of Regulation and Antitrust
4th Revised edition
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Economics of Regulation and Antitrust by W. Kip Viscusi
Book DescriptionThis new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.
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Book DetailsISBN: 9780262220750
(229mm x 203mm x 3mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 20-Sep-2005
Country of Publication: United States
Books By Author W. Kip Viscusi
Handbook of the Economics of Risk and Uncertainty, Hardback (November 2013)
Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance. This title divides coverage between theoretical, empirical, and experimental findings. It makes the economics of risk and uncertainty accessible to scholars in fields outside economics.
Smoke-filled Rooms, Hardback (June 2002)
Viscusi's assessment of the tobacco industry and how the individuals understanding of the risks involved in smoking runs against conventional thinking. He enters the debate about the legal, financial and social consequences of the industry with a realistic and informed post-mortem.
Calculating Risks?, Hardback (September 1999)» View all books by W. Kip Viscusi
Presents an analysis of the magnitude of hazardous waste risks and of the efficacy of the Environmental Protection Agency's Superfund programme. The authors propose policy reforms that could significantly reduce cleanup costs without sacrificing the protection of human health.
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Author Biography - W. Kip Viscusi
Joseph E. Harrington is Professor of Economics at Johns Hopkins University.
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