Economics of Regulation and Antitrust, fifth edition

by W. Kip Viscusi

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 and antitrust policy. This fifth edition has been thoroughly revised and updated, reflecting both the latest developments in economic analysis and recent economic events. The text examines regulatory practices through the end of the Obama and beginning of the Trump administrations. New material includes coverage of global competition and the activities of the European Commission; recent mergers, including Comcast-NBC Universal; antitrust in the new economy, including investigations into Microsoft and Google; the financial crisis of 2007–2008 and the Dodd-Frank Act; the FDA approval process; climate change policies; and behavioral economics as a tool for designing regulatory strategies.

Genres: Economics, Textbooks

1000 pages, Hardcover

First published January 1, 1992

Reviews

[Sergey Kochergan · Rating 5 out of 5]

Huge volume of cases in business, economics and modern history of market development.

[Siv · Rating 3 out of 5]

Great explanations, but unfortunately even the newest version is outdated. Antitrust as a field has seen sweeping changes to regulation and legislature recently and there are a lot of assumptions made in this textbook that no longer hold. Technology and digital markets in particular have become the center of attention and unique market dynamics create a new set of circumstances that at times don't mesh well with existing knowledge. Still, this textbook does a really good job laying out the foundations of antitrust and regulation and I learned a lot by reading it.

3.5/5

[Autumn]

Super informative. Read it for my government regulation economics class. It actually gives really great explanations of econometric concepts and goes very in-depth on the math behind them.