AppliedIndustrialEconomics

ThisreaderprovidesauniquemixofAmericanandEuropeancontributionstothestudyofparticularmarkets,oftencombinedwithacriticalevaluationofantitrustregulations,decisionsorjudgments.PartIexplainsmarketstructureasafunctionofsunkcostsandmarketsize.PartIIillustratesthecentralroleofpricingschemes(includingparallelpricing,deliveredpricingandcompetitionclauses)insustainingequilibriumoutcomesinoligopolisticmarkets.PartsIIIandIVgiveagame-theoreticfoundationtocompetitionpolicyandmergercontrol.LouisPhlipsoffersacomprehensiveintroductiontothetextinwhichheverycarefullyexplainsthereasoningbehindhischoiceofpapers,andprovidesasuperbsynthesisofthematerial.Particularhighlightsincludethediscussionandevaluationofantitrustregulations,whichinvolveasystematiccomparativeanalysisofEuropeanandAmericanregulations,decisionsandjudgmentsinthisarea.