Experiments and Competition Policy

by Edited by Jeroen Hinloopen , Afterword by Hans-Theo Normann

• ISBN13: 9780521493420
• ISBN10: 0521493420
• Format: Hardcover
• Copyright: 2009-04-20
• Publisher: Cambridge University Press
• More Book Details

Summary

Over the last decade, economists have been making much greater use of experimental methods in their research. The award of the Nobel Prize in 2002 to Vernon Smith confirmed that the use of such methods is now seen as an important and credible part of the economist's toolkit. In Experiments and Competition Policy, leading scholars in the field of experimental economics survey the use of experimental methods and show how they can help us to understand firm behaviour in relation to various forms of competition policy. Chapters are organised in terms of the main fields of competition policy - collusion, abusive practices and mergers - and there is also a separate section dealing with auctions and procurement. Written in a clear and nontechnical style, this volume is an excellent introduction to what the increasingly important field of experimental economics can bring to the theory and practice of competition policy.

Table of Contents

List of figures	p. vii
List of tables	p. viii
List of contributors	p. x
Introduction	p. 1
	p. 7
Experimental results on collusion	p. 9
Collusion in growing and shrinking markets: empirical evidence from experimental duopolies	p. 34
Price ceilings as focal points? An experimental test	p. 61
Transparency about past, present and future conduct: experimental evidence on the impact of competitiveness	p. 81
	p. 105
Abuse of a dominant position: cases and experiments	p. 107
Buyer countervailing power: a survey of the theory and experimental evidence	p. 160
	p. 183
Merger policy: what can we learn from experiments?	p. 185
Mergers in Stackelberg markets: an experimental study	p. 217
	p. 229
Making uncompetitive auctions competitive: a survey of experiments	p. 231
Investment incentives in auctions: an experiment	p. 267
Experimental economics and the practice of competition policy enforcement	p. 301
Index	p. 313
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