A thoroughly revised and updated edition of the leading textbook on government
and business policy, presenting the key principles underlying sound regulatory
and antitrust policy.
Regulation and antitrust are key elements of government policy. This new edition
of the leading textbook on government and business policy explains how the
latest theoretical and empirical economic tools can be employed to analyze
pressing regulatory and antitrust issues. The book departs from the common
emphasis on institutions, focusing instead on the relevant underlying economic
issues, using state-of-the-art analysis to assess the appropriate design of
regulatory and antitrust policy. Extensive case studies illustrate fundamental
principles and provide insight on key issues in regulation