State Licensing Boards, Antitrust, and Innovation | Regulatory Transparency ProjectTheir book keeps getting better and better. It is only 'natural' that they have a monopoly on teaching students, faculty, and policymakers the economics of regulation and antitrust. Kniesner, Chair and Krisher Professor, Department of Economics, Syracuse University" Rather than inundate the reader with institutional details that will soon be out of date, this impressive book provides the tools necessary to analyze current and future regulatory and antitrust issues. Its compelling set of contemporary applications should make it appealing to advanced undergraduates and a useful reference for graduate students. The combination of antitrust with government regulation makes the book especially valuable for any course about the effects of government on the private economy. The book manages to convey both contemporary economic theory and current regulatory practice with uncommon lucidity and without burdening the reader with jargon or legalese.
Microeconomics - Chapter 15: Monopoly and Antitrust Policy
Standard Oil and Predatory Pricing: Myth Paralleling Fact
Kip Viscusi , John M. Vernon and Joseph E. Harrington, Jr. A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations. This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues.
In this paper, James Cooper, Elyse Dorsey, and Joshua Wright discuss occupational licensing boards, competition, and the role antitrust law can play in the marketplace. James C. Wright Chair. Every state has occupational licensing laws or regulations, which require individuals seeking to offer a certain service to the public first to obtain approval from the state. These laws and regulations raise numerous issues, including the economic freedom problems identified by the State and Local Working Group. Occupational licensing requirements historically derive from a desire to protect unwitting consumers from bad actors. Thus, professions like medical and legal have long had self-imposed licensing regimes.
Economics of Regulation and Antitrust Viscusi, W. U47V57 eb Kip Viscusi John M. Vernon Joseph E. Harrington, Jr. Heath and Company All rights reserved.
This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust.
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Review of Industrial Organization. The Supreme Court in , on the occasion of the first major test of the Sherman Act, ordered the dissolution of the Standard Oil Trust. In his paper John McGee argued that predatory pricing is, in general, irrational and, relying solely on the information in the Trial Record related to that decision, concluded that Standard Oil did not engage in predatory pricing. His paper has had an extraordinary influence on both antitrust policy in the United States and economic lore. Unable to display preview. Download preview PDF.
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