Overview
"The aims of this book are threefold: firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed; secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy; and, thirdly, to discuss the practice of competition policy in the USA, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints." "Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy." "This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics."--BOOK JACKET.Synopsis
"The aims of this book are threefold: firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed; secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy; and, thirdly, to discuss the practice of competition policy in the USA, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints." "Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy." "This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics."--BOOK JACKET.
Booknews
Neumann (economics, U. Erlangen-N<:u>rnberg, Germany) examines the history of competition policy in the US and Europe to demonstrate how far a convergence of principles has developed. He then outlines the theory of industrial organization as a tool to devise an appropriate policy. Neumann also discusses the practice of competition policy in the US, individual European countries, and the EC as a whole, in terms of collusion, mergers, and vertical restraints. The final section places competition policy within the social framework, treating such issues as property rights, international trade policy, and social justice. Annotation c. Book News, Inc., Portland, OR (booknews.com)