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Regulation Misled by Misread Theory

Name: Regulation Misled by Misread Theory
Brand: AEI Press
SKU: 09236219
Price: 6.79 EUR
Availability: InStock
Author: William J Baumol
ISBN: 9780844713908

Perfect Competition and Competition-Imposed Price Discrimination

William J Baumol

Lingua

Inglese

Libro In brossura

Codice Libristo: 09236219

Casa editrice AEI Press, gennaio 2004

Regulation Misled by Misread Theory changes how we think about economics. Standard economics has lon... Descrizione completa

Codice Libristo: 09236219

17 b

6.79 €

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Regulation Misled by Misread Theory changes how we think about economics. Standard economics has long held that firms can price discriminate only when they have monopoly power. Antitrust authorities and other regulators are thus tempted to use the existence of price discrimination as one indicator that a firm should possibly be subject to government investigation. In this monograph Professor Baumol shows that price discrimination not only exists in competitive markets but sometimes is a crucial feature of them. Baumol concludes by urging regulators to tread carefully when applying theory to policy.