Regulation and Markets

Regulation and Markets
ISBN-10
0262192756
ISBN-13
9780262192750
Category
Industrial policy
Pages
690
Language
English
Published
1989
Publisher
MIT Press
Authors
Daniel F. Spulber, Daniel F.. Spulber

Description

Regulation and Markets provides the up to date, integrated analysis of regulatorypolicies and the administrative process that is needed in today's field of regulation economics. Thebook takes a modern perspective, using the tools of industrial organization and game theory. It isthe only unified treatment of the field and combines theoretical models with consideration of publicpolicy issues in the areas of antitrust, price regulation, environmental regulation, productquality, and workplace safety.The discussion considers both the welfare effects of regulation andthe institutional aspects of the administrative regulatory process. Developments in the fields oflaw and political science have been integrated in a rigorous manner into the economicframework.Sections of the book address administrative process and market allocation, competition andpricing under increasing returns to scale, administrative regulation of markets, and antitrustenforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literaturecitations throughout enhance the books value as a reference.Daniel F. Spulber is Professor ofEconomics at the University of Southern California.

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