Economics of Regulation and Antitrust

Economics of Regulation and Antitrust provides a fresh, incisive analysis of the way economic theory and empirical methods combine to illuminate regulatory and antitrust issues. Now presented in a thoroughly updated edition, the text reexamines prevailing approaches by incorporating recent advances in theoretical and methodological frameworks. Readers will find new discussions on landmark case studies, including the Microsoft antitrust case, as well as insights into the transformative changes in telecommunications and electric power deregulation. Designed for a wide range of courses in business, law, and public policy, this comprehensive volume balances both foundational concepts and advanced material. Each section is enriched with detailed case studies and end-of-chapter questions that invite readers to apply the analytical tools necessary for understanding the impact of government intervention on market operations. Authored by W. Kip Viscusi and Joseph E. Harrington, this revised edition remains an essential resource for those seeking to grasp the intricate dynamics between economic regulation, social policy, and antitrust practice.