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The International Handbook of Competition
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The International Handbook of Competition

9781845428587 Edward Elgar Publishing
Edited by the late Manfred Neumann, formerly Professor Emeritus of Economics, University Erlangen-Nürnberg and Jürgen Weigand, Professor of Economics, WHU Otto Beisheim School of Management, Vallendar, Germany
Publication Date: 2006 ISBN: 978 1 84542 858 7 Extent: 360 pp
This indispensable Handbook examines both economic and legal aspects of competition policy and industrial organization. It provides a scholarly review of the state of the art regarding economic theory, empirical evidence and standards of legal evaluation. The book aims primarily at furthering our understanding of the interplay between economic reasoning and legal expertise by concentrating on the fundamental issues and principles underlying competition policy.

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This indispensable Handbook examines both economic and legal aspects of competition policy and industrial organization. It provides a scholarly review of the state of the art regarding economic theory, empirical evidence and standards of legal evaluation. The book aims primarily at furthering our understanding of the interplay between economic reasoning and legal expertise by concentrating on the fundamental issues and principles underlying competition policy.

Following a comprehensive introduction, the authors investigate a number of important themes including:

• the natural limits of competition
• efficiency versus market power
• small firms, innovation and competition
• trade policy and competition policy
• financial services
• the political economy of antitrust
• dominance and monopolization
• identifying anti-trust markets
• competition policy versus regulation
• competition policy in a globalized economy.

Each of the specially commissioned chapters, written by leading authorities in the field, provides a stimulating exploration of the intricacies of competition policy. The book will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants and business managers. It will also be of particular interest to policymakers in EU accession countries who are required to introduce an appropriate legal framework to implement EU competition policy.
Critical Acclaim
‘This is a book that those involved with competition policy and law should have on their bookshelves. . . one of the very useful features of this book will be that it provides an up-to-date comparison of the legal provisions in the United States and Europe. . . the essays that comprise The International Competition Handbook provide not only an underpinning for concepts already learned but offer new insights and greater depth of understanding.’
– Rhonda L. Smith, Competition and Consumer Law Journal

‘. . . lawyers will find extremely interesting material on historical cartel agreements, theoretical and empirical studies on cartel enforcement and game theory analyses of cartel behaviour. A must have for any serious competition law library.’
– Ioannis Lianos, World Competition
Contributors
Contributors: D.B. Audretsch, J. Basedow, E. Bond, A. Boot, M. Canoy, P. Geroski, R. Griffith, C. Kirchner, S. Martin, D.C. Mueller, M. Neumann, A. Rathbone, P. Rey, C. Rowley, E. van Damme, J. Weigand
Contents
Contents:
Introduction
Manfred Neumann and Jürgen Weigand
1. Globalization and the Natural Limits of Competition
Stephen Martin
2. Efficiency versus Market Power through Mergers
Dennis C. Mueller
3. Small Firms, Innovation and Competition
David B. Audretsch
4. Trade Policy and Competition Policy: Conflict versus Mutual Support
Eric Bond
5. Financial Services: Consolidation and Strategic Positioning
Arnoud Boot
6. Political Economy of Antitrust
Charles Rowley and Anne Rathbone
7. Dominance and Monopolization
Marcel Canoy, Patrick Rey and Eric van Damme
8. Identifying Antitrust Markets
Paul Geroski and Rachel Griffith
9. Competition Policy versus Regulation: Administration versus Judiciary
Christian Kirchner
10. Competition Policy in a Globalized Economy: From Extraterritorial Application to Harmonization
Jürgen Basedow
Index
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