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Regulation Misled by Misread Theory

Perfect Competition and Competition-Imposed Price Discrimination

Language EnglishEnglish
Book Paperback
Book Regulation Misled by Misread Theory William J Baumol
Libristo code: 09236219
Publishers AEI Press, January 2004
Regulation Misled by Misread Theory changes how we think about economics. Standard economics has lon... Full description
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3 376 Ft
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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.

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About the book

Full name Regulation Misled by Misread Theory
Author William J Baumol
Language English
Binding Book - Paperback
Date of issue 2004
Number of pages 52
EAN 9780844713908
Libristo code 09236219
Publishers AEI Press
Weight 81
Dimensions 145 x 218 x 4

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