Download the fantastic book titled The Theory of Collusion and Competition Policy written by Joseph E. Harrington, Jr., available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "The Theory of Collusion and Competition Policy", which was released on 24 November 2017. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of The Theory of Collusion and Competition Policy by Joseph E. Harrington, Jr. PDF
A review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement. Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement. The book begins by discussing general issues that arise when models of collusion take into account competition law and enforcement. It goes on to consider game-theoretic models that encompass the probability of detection and penalties incurred when convicted, and examines how these policy instruments affect the frequency of cartels, cartel duration, cartel participation, and collusive prices. The book then considers the design of competition law and enforcement, examining such topics as the formula for penalties and leniency programs. The book concludes with suggested future lines of inquiry into illegal collusion.
Detail About The Theory of Collusion and Competition Policy PDF
- Author : Joseph E. Harrington, Jr.
- Publisher : MIT Press
- Genre : Business & Economics
- Total Pages : 144 pages
- ISBN : 0262343002
- Release Date : 24 November 2017
- PDF File Size : 23,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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