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Competition Law and Economics

Developments, Policies and Enforcement Trends in the US and Korea Edited by Jay Pil Choi, Professor, Department of Economics, Michigan State University, US, Wonhyuk Lim, Professor, KDI School of Public Policy, Republic of Korea and Sang-Hyop Lee, Senior Fellow, East-West Center and Professor, Department of Economics, University of Hawaii at Manoa, US
In this exciting new book, an international team of experts compare market structures, in both global and Korean contexts, particularly focusing on the impact of foreign competition on market concentration and ways to improve market structure. It thoroughly investigates core competition problems, including international abuses of dominance, mergers and collusion, and vertical restraints. Contributions move beyond explaining the laws and practices of enforcement agencies, offering readers an insight into the trend of an ever-increasing interdependence among national economies, complemented by analyses of recent developments in the US and Canada.
Extent: c 240 pp
Hardback Price: $130.00 Web: $117.00
Publication Date: April 2020
ISBN: 978 1 83910 340 7
Availability: Not yet published
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  • eISBN: 978 1 83910 341 4

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  • Asian Studies
  • Asian Economics
  • Asian Law
  • Economics and Finance
  • Asian Economics
  • Competition Policy
  • Industrial Economics
  • Industrial Organisation
  • Law - Academic
  • Asian Law
  • Competition and Antitrust Law
Offering a comprehensive overview of the major issues that arise in the enforcement of competition laws, this book takes an interdisciplinary approach to the topic, reviewing the development of Korean competition laws and their enforcement with rigorous economic analysis. Chapters build on the Korean experience, providing guidance to the capacity-building efforts of developing countries that have recently introduced competition laws.

In this exciting new book, an international team of experts compares market structures, in both global and Korean contexts, particularly focusing on the impact of foreign competition on market concentration and ways to improve market structure. It thoroughly investigates core competition problems, including international abuses of dominance, mergers and collusion, and vertical restraints. Contributions move beyond explaining the laws and practices of enforcement agencies, offering readers an insight into the trend of ever-increasing interdependence among national economies, complemented by analyses of recent developments in the US and Canada.

The exploration of clear trends both in Korea and globally will prove valuable to scholars and students of industrial competition policy, and law and economics. It will also be useful to policy-makers, particularly those in developing countries, looking to better understand the issues surrounding competition law and designing future policies.
Contributors include: S.H. Bang, W. Chang, J.P. Choi, J. Farrell, Y. Jin, W.E. Kovacic, S.-H. Lee, S. Lee, W. Lim, R.C. Marshall, L. Marx, C. Mezzetti, R.A. Winter, Y.H. Yang

Contents:

Preface

1. Introduction and overview
Jay Pil Choi, Wonhyuk Lim and Sang-Hyop Lee

PART I SETTING THE STAGE
2. Competition law and economics: international cooperation and convergence in competition policy
Jay Pil Choi

PART II MARKET STRUCTURE
3. Market structure and market studies
William E. Kovacic

4. An empirical study on the competitive pressure of the foreign sector in Korea
Suil Lee

PART III ABUSE OF DOMINANCE
5. Structured rule of reason analysis of tying arrangements
Yong Hyeon Yang

PART IV MERGER AND COLLUSION
6. Comments on merger guidelines
Joseph Farrell

7. What next? Cartel strategy after getting caught
Robert C. Marshall, Leslie M. Marx and Claudio Mezzetti

PART V VERTICAL RESTRAINTS
8. Competition policy and the economics of vertical restraints
Ralph A. Winter

9. Resale price maintenance in a multi-producer and multi-distributor setting
Se Hoon Bang and Yangsoo Jin

10. Retail price coordination in Korean department stores: the specific purchase contract
Woohyun Chang

Index