The antitrust litigation process is, to a large and perhaps surprising degree, driven by the underlying economic literature. The articles in this volume have been chosen to provide a sense of both the history and the current state of thinking about antitrust.The opening section considers the flaws in the 1960s view on monopoly. Part II then examines economic thinking with respect to mergers. The next three sections contain selections on three specific sets of practices that have been frequent targets of antitrust scrutiny. Part VI examines perspectives on exclusionary behavior. Part VII studies the literature on network externalities. The final part explores works in the area of bureaucracy and politics.This insightful volume will be a valuable source of reference for both economists and lawyers concerned with antitrust and competition issues.

This authoritative collection of previously published articles emphasizes recent empirical research on mergers and corporate governance. The papers included present provocative questions dealing with the causes and effects of takeover and restructuring activity, the distribution of wealth gains between bidding and target firms, and the relevance of governance in modern corporations. The discussion of such questions presents the latest thinking on mergers and corporate governance and also offers guidance for future work in the area. The body of work included in the volume is of particular relevance to scholars in corporate finance and industrial organization as well as policymakers in antitrust, corporate law, and securities regulation.

Much has been written about franchising in economics over the last two decades: researchers have gained important insights, especially into how and why it works and into the reasons behind the various forms of vertical restraints usually embedded in these contracts. This authoritative volume presents the key papers that have introduced the theoretical frameworks and the empirical facts that have spurred the interest of scholars in franchising as an organizational form. By combining all these contributions in a single volume, this collection not only highlights the main questions that have been addressed in the literature on franchising, but also illustrates the important role that incentive issues have played in it. As a result, this compilation should be of special interest to economists and management scholars with an interest in franchising but also to those interested in general issues concerning the organization of the firm.

This authoritative book presents a selection of the most important published articles and papers on the computing industry - an industry that after five decades of growth permeates virtually all areas of modern economic activity. Many economists believe the diffusion of computing has been a catalyst and a driver of economic growth. This has stimulated research into the microeconomic determinants and consequences of computing. This collection provides a state-of-the-art survey of advances in applied and empirical approaches to the industrial economics of computing. The first section of the book presents several distinct approaches to the measurement of frontier research in computing. The second section addresses the factors shaping the industrial structure for supplying computer goods and services. The third section focuses on the determinants of the adoption and diffusion of information technology.Shane Greenstein - a leading scholar in the field - has written a new and authoritative introduction which provides a comprehensive overview of the subject. This is an important feature of the volume which will be an essential reference source for both industrial and business economists concerned with the computing industry.

This volume collects a set of important articles that provides a wealth of broad insights into the causes and consequences of regulation. They show beyond doubt that this field of study is remarkably lively and filled with controversy. The first two parts of the book introduce the essential economic content of the issues that regulation deals with, covering the main 'market failures' that are addressed, and then turning specifically to the causes and consequences of regulation in these areas. The next section presents a series of papers dealing with various phases of the policy life cycle, and the concluding part investigates the role of corporate self-regulation.

The economics literature on pricing and pricing tactics has made huge progress in the last few decades mostly due to the influence of the asymmetric information and game theory revolutions in microeconomic theory. This authoritative two volume collection brings together some classic contributions which predate these revolutions, and older and newer papers which have employed these modern techniques to further our understanding of how pricing works in real world settings. Pricing Tactics, Strategies, and Outcomes approaches the subject mainly from the theoretical perspective, but includes also some important empirical papers. Important topics covered include entry deterrence, reputation formation, product line pricing, collusive behavior, tying and bundling, leasing, and sales and couponing strategies. The book should prove a useful reference tool for marketing students and faculty interested in the literature on pricing.

There is a broad range of literature on the economics of insurance and risk management. This timely publication contains recent theoretical contributions to the economics of insurance and presents empirical tests and applications of the theory to many different insurance markets. It also offers important insights into the factors influencing corporate risk management decisions, and the theoretical underpinnings for why corporations with well-diversified shareholders would reduce risk. This two-volume set will be an essential resource to everyone with an interest in these important subjects.

The antitrust litigation process is, to a large and perhaps surprising degree, driven by the underlying economic literature. The articles in this volume have been chosen to provide a sense of both the history and the current state of thinking about antitrust.The opening section considers the flaws in the 1960s view on monopoly. Part II then examines economic thinking with respect to mergers. The next three sections contain selections on three specific sets of practices that have been frequent targets of antitrust scrutiny. Part VI examines perspectives on exclusionary behavior. Part VII studies the literature on network externalities. The final part explores works in the area of bureaucracy and politics.This insightful volume will be a valuable source of reference for both economists and lawyers concerned with antitrust and competition issues.

This authoritative collection of previously published articles emphasizes recent empirical research on mergers and corporate governance. The papers included present provocative questions dealing with the causes and effects of takeover and restructuring activity, the distribution of wealth gains between bidding and target firms, and the relevance of governance in modern corporations. The discussion of such questions presents the latest thinking on mergers and corporate governance and also offers guidance for future work in the area. The body of work included in the volume is of particular relevance to scholars in corporate finance and industrial organization as well as policymakers in antitrust, corporate law, and securities regulation.

Much has been written about franchising in economics over the last two decades: researchers have gained important insights, especially into how and why it works and into the reasons behind the various forms of vertical restraints usually embedded in these contracts. This authoritative volume presents the key papers that have introduced the theoretical frameworks and the empirical facts that have spurred the interest of scholars in franchising as an organizational form. By combining all these contributions in a single volume, this collection not only highlights the main questions that have been addressed in the literature on franchising, but also illustrates the important role that incentive issues have played in it. As a result, this compilation should be of special interest to economists and management scholars with an interest in franchising but also to those interested in general issues concerning the organization of the firm.

This authoritative book presents a selection of the most important published articles and papers on the computing industry - an industry that after five decades of growth permeates virtually all areas of modern economic activity. Many economists believe the diffusion of computing has been a catalyst and a driver of economic growth. This has stimulated research into the microeconomic determinants and consequences of computing. This collection provides a state-of-the-art survey of advances in applied and empirical approaches to the industrial economics of computing. The first section of the book presents several distinct approaches to the measurement of frontier research in computing. The second section addresses the factors shaping the industrial structure for supplying computer goods and services. The third section focuses on the determinants of the adoption and diffusion of information technology.Shane Greenstein - a leading scholar in the field - has written a new and authoritative introduction which provides a comprehensive overview of the subject. This is an important feature of the volume which will be an essential reference source for both industrial and business economists concerned with the computing industry.

This volume collects a set of important articles that provides a wealth of broad insights into the causes and consequences of regulation. They show beyond doubt that this field of study is remarkably lively and filled with controversy. The first two parts of the book introduce the essential economic content of the issues that regulation deals with, covering the main 'market failures' that are addressed, and then turning specifically to the causes and consequences of regulation in these areas. The next section presents a series of papers dealing with various phases of the policy life cycle, and the concluding part investigates the role of corporate self-regulation.

The economics literature on pricing and pricing tactics has made huge progress in the last few decades mostly due to the influence of the asymmetric information and game theory revolutions in microeconomic theory. This authoritative two volume collection brings together some classic contributions which predate these revolutions, and older and newer papers which have employed these modern techniques to further our understanding of how pricing works in real world settings. Pricing Tactics, Strategies, and Outcomes approaches the subject mainly from the theoretical perspective, but includes also some important empirical papers. Important topics covered include entry deterrence, reputation formation, product line pricing, collusive behavior, tying and bundling, leasing, and sales and couponing strategies. The book should prove a useful reference tool for marketing students and faculty interested in the literature on pricing.

There is a broad range of literature on the economics of insurance and risk management. This timely publication contains recent theoretical contributions to the economics of insurance and presents empirical tests and applications of the theory to many different insurance markets. It also offers important insights into the factors influencing corporate risk management decisions, and the theoretical underpinnings for why corporations with well-diversified shareholders would reduce risk. This two-volume set will be an essential resource to everyone with an interest in these important subjects.