Antitrust Law and Economics
Research in Law and Economics, Volume 21

Edited by: J. B. Kirkwood , Seattle University School of Law, Seattle, WA, USA

Description: This volume contains ten papers, by many prominent authors, examining antitrust issues of current interest. The first paper summarizes the other papers and presents original research on the meaning of consumer welfare and the sources of buyer power. The next five articles evaluate older antitrust cases to determine whether the decisions reached, the relief ordered, or both, enhanced consumer welfare. The seventh paper describes a new measure of efficiency that gives greater weight to consumer harm and applies it to a recent merger. The next paper explains a new way in which vertical foreclosure can enhance the market power of an upstream supplier. The ninth article refines an innovative technique for identifying substitutes among a set of differentiated products. The tenth paper confronts a contentious policy issue - the treatment of patent settlements in which the patent holder pays the challenger to exit the market - and concludes that they should be per se illegal.

Contents: 1. Consumers, economics, and antitrust (J.B. Kirkwood). 2. Titan agonistes: The wealth effects of the standard oil 'N.J' case (M. Reksulak, W.F. Shughart II, R.D. Tollison, A. Basu). 3. Successful monopolization through predation: The National Cash Register Company (H.P. Marvel, K.P. Brevoort). 4. The Morton and International Salt Cases: Discounts on sales of table salt (J.L. Peterman) 5. Injunctive relief in Sherman Act monopolization cases (K.G. Elzinga, R.W. Crandall). 6. United shoe machinery revisited (R. Blair, J.B. Herndon). 7. An economic justification for a price standard in merger policy: The merger of superior propane and ICG propane (R.O. Zerbe, Jr., S. Knott). 8. Vertical mergers and market foreclosure (W.S. Comanor, P. Rey). 9. The competitive-neighbors approach to analyzing differentiated product mergers (R. Higgins, J. Levinsohn, P. Johnson). 10. Settling the controversy over patent settlements: Payments by the patent holder should be per se illegal (C.I. Leffler, K. Leffler).

| Top |

An Introduction to the Law and Economics of Environmental Policy: Issues in Institutional Design
Research in Law and Economics, Volume 20

Edited by: R.O. Zerbe , University of Washington, Seattle, WA, USA
T. Swanson , University College London, London, UK

Description: An Introduction to the Law and Economics of Environmental Policy emphasises the importance of institutional design in addressing social problems. Three important issues concerning institutional design are:

• policies
• instruments
• enforcement

Contents: Part A: The Law and Economics of Environmental Policy Making. Part B: The Law and Economics of Instrument Choice and Design. Part C: The Law and Economics of Compliance and Enforcement.

| Top |

Research in Law and Economics, Volume 19

Edited by: R.O. Zerbe Jr., University of Washington, Seattle, WA, USA
W. Kovacic , George Mason School of Law, Arlington, VA, USA

Description: Research in Law and Economics is a highly respected source of proactive, original perspectives on law and economics. For the researcher, this latest volume offers a diverse set of papers, each one a constructive contribution. The papers address: how the Supreme Court can clarify and rationalize the payment of pre-judgment interest; what is meant or should be meant by economic efficiency; the length of various statutes of limitations for accident cases; implications of the court congestion hypothesis of Posner and Priest; the efficiency of medical malpractice insurance; and the effects of hospital competition on Medicaid share.

Contents: List of contributors. Statistical approaches to assessing charges of environmental racism and classism against the US environmental agency (A. Karp). Statutes of limitations for accident cases: theory and evidence (M. Baker, T.J. Miceli). Educating Alice: lessons from the coase theorem (S.G. Medema, R.O. Zerbe, Jnr.). Bars to the payment of prejudgment interest: the supreme court and the federal employers' liability act (D.E. Ault, G.L. Rutman). An integrated theory of the common law (B. Wasankari, R.O. Zerbe, Jnr. and S. Vinyard). The duration of personal injury litigation (S.J. Spurr). The efficiency of medical malpractice law: a new appraisal (R.N. Olsen). The effects of hospital competition on nonprofit and for-profit hospital medicaid share (S. Eisert).

| Top |

Research in Law and Economics, Volume 18

Edited by: R.O. Zerbe Jr., Graduate School of Public Affairs, University of Washington, Seattle, WA, USA

Contents: The relative efficiency of common vs. civil law: transactions costs and vertical integration (J.H. Brown). Economic analysis and distributive justice (D. Buress, W. Rich). Hear no evil, see no evil, speak no evil? The effects of guideline sentencing on the behavior of corporations and their insiders (G. Des Rosiers). Prison, parole and the Criminal Justice Act 1991 (N. Garoupa). Constitutional economics and the American founding (R.A. McGuire, R.L. Ohsfeldt). The inefficiency of U.S. Commodity Manipulation Law: diagnosis and a proposed cure (C. Pirrong). When does new entry deter collusion (J. Simpson.)

| Top |