Experiments and Competition Policy. Jeroen Hinloopen, Hans-Theo Normann

Experiments and Competition Policy



Download Experiments and Competition Policy



Experiments and Competition Policy Jeroen Hinloopen, Hans-Theo Normann ebook pdf
Publisher:
Language: English
Page: 328
ISBN: 0521493420, 9780521493420

Review

"This is a most timely book. The European Commission has heralded in the more economic approach to competition policy. While both (game) theory and econometrics have made headway in anti-trust territory, anti-trust practice has almost totally neglected the experimental evidence. This volume aptly combines survey articles with fresh evidence directly targeting standard topics in competition policy. It is highly recommended for experimental economists, industrial organization specialists, and anti-trust lawyers." - Christoph Engel, Director of the Max-Planck-Institute for Research on Collective Goods, Bonn, and Professor of Law at the University of Bonn

"The coming of age of experimental economics is signified by the increased role it plays for policy making. Experiments and Competition Policy provides an in-depth overview of the diverse policy applications that can be studied in the laboratory, including collusion, mergers, price competition, and auction design. Hinloopen and Normann have done a superb job of collecting a broad array of frontier research. This work should prove a useful reference for academicians and practitioners for years to come." - Jacob K. Goeree, Professor of Economics and Director of the Caltech Social Science Experimental Laboratory (SSEL), Caltech

"This review of experimental economics is straightforward and accessible to less technical readers, but the concepts require prior exposure to game theory and formal price theory.... The book is recommended as an addition to the literature on antitrust policy and experimental game theory, or as a second reading to supplement a core text in industrial organization.... Recommended." - Choice

Book Description

Economists have begun to make much greater use of experimental methods in their research. This 2009 collection surveys these methods and shows how they can help us to understand firm behaviour in relation to various forms of competition policy.



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