| Economics of Regulation and Antitrust - 3rd Edition | 
 enlarge | List Price: $78.00
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Avg. Customer Rating:   (based on 6 reviews)
Sales Rank: 619958
Category: Book
Authors: W. Kip Viscusi, John M. Vernon, Joseph E. Harrington
Publisher: The MIT Press
Studio: The MIT Press
Manufacturer: The MIT Press
Label: The MIT Press
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Edition: 3
Number Of Items: 1
Pages: 896
Shipping Weight (lbs): 4.2
Dimensions (in): 9.3 x 8.3 x 1.7
ISBN: 0262220628
Dewey Decimal Number: 338.973
EAN: 9780262220620
ASIN: 0262220628
Publication Date: July 21, 2000
Availability: Usually ships in 1-2 business days
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Product Description
Departing from the traditional emphasis on institutions, this text emphasizes the use of economic theory and empirical analysis to understand regulatory and antitrust policies. Questions addressed include: What are the market failure rationales for, and appropriate form of, government intervention? What does theory show about competition in the presence of a market failure and the implications of government intervention to correct that failure? What do empirical analyses indicate about our regulatory experience and the direction of future intervention?
The third edition addresses many issues that have recently dominated the economic and political landscape. New material reviews the government's case against Microsoft, charges of anticompetitive pricing in NASDAQ and airlines, the blocked Staples-Office Depot merger, and the Telecommunications Act of 1996. This edition also covers the deregulation of the California electric power industry as well as recent deregulatory efforts in bank branching and natural gas transmission. On the social regulatory scene, it covers in detail recent cigarette litigation and the contentious issue of the contingent valuation of natural resource damages, as exemplified in the Exxon Valdez oil spill. New empirical evidence appears throughout the book.
Each part of the text can be used separately for a variety of courses including regulation and antitrust in undergraduate institutions, business schools, and schools of public policy, as well as background for doctoral courses. Exercises are included at the end of each chapter.
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| Customer Reviews: Read 1 more reviews...
Serviceable January 28, 2008
2 out of 4 found this review helpful
In my opinion, this book emphasized history and historical cases too much. While I believe empirical data are important for evaluating economic theory, I thought this book went overboard. Also, I found it annoying that many relevant facts to example problems (e.g., marginal costs) were not conveniently displayed near the graph, but rather, hidden somewhere within the text describing the example. Similarly, it would sometimes present important conclusions in the form of block quotes from authoritative figures, which can be useful for some purposes, but is usually just annoying. All in all, I wouldn't say this book is horrible, but I think there are probably better alternatives available.
 Regulators should read it June 26, 2007
Economics of Regulation and Antitrust offers a broad conclusion on Regulation and Antitrust policies. The issues are well described and easily to understand. Best suited for graduate students in Economics.
 Horrible June 3, 2007
3 out of 10 found this review helpful
This read like a math book with a few interesting facts. I was dumbfouned by reading this book. I would get to class and my professor would explain things using the same examples from the book and I would understand. The book is impossible to follow. It will give you a million variables and different numbers to think about, and then later expect you to remember something it briefly mentioned two paragraphs ago. If you can learn from reading a math book and no class room instruction; I not only would like to meet you but hand you this book. You would probably love it and understand antitrustlaw and regulation as well as the douches at MIT that wrote the thing.
 Heavy life saver! February 13, 2005
9 out of 10 found this review helpful
Seldom books on economic theory, particularly on regulation and antitrust are as clearly and professionally written as this one. A student of economics and Ph.D. hopeful, I keep this book within my hand reach at all times.
Economics of Regulation and Antitrust cites numerous antitrust and regulatory cases from American and European history and is thought provoking rather than doctrinal. The graphs are exceptionally easy to read and understand. Particularly well written are chapters on regulation of American transportation.
I continue to use this book for my research and highly recommend it to anybody who is seriously interested in understanding the logic behind regulation acts, game theory, and franchise bidding.
This Book Stinks April 20, 2004
1 out of 12 found this review helpful
If you are looking for a nonconsistant book that jumps around and does not follow through on its explanation of certain topics than this is the book for you!
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