Misuse Of Market Power
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Author | : Katharine Kemp |
Publisher | : Cambridge University Press |
Total Pages | : 273 |
Release | : 2018-06-28 |
Genre | : Business & Economics |
ISBN | : 1107184762 |
Compares Australia's new misuse of market power law with US and EU tests for monopolization and abuse of dominance.
Author | : Katharine Kemp |
Publisher | : Cambridge University Press |
Total Pages | : 273 |
Release | : 2018-06-28 |
Genre | : Law |
ISBN | : 1316884910 |
Laws prohibiting unilateral anticompetitive conduct have been the subject of vigorous international debate for decades, as policymakers, antitrust scholars and agencies continue to disagree over how best to regulate the market conduct of a single firm with substantial market power. Katharine Kemp describes the controversy over Australia's misuse of market power laws in recent years, which mirrored the international debate in this sphere, and culminated in the fundamental reform of the misuse of market power prohibition under the Competition and Consumer Act 2010 (Cth) in 2017. Misuse of Market Power: Rationale and Reform explains Australia's new misuse of market power law, which adopts an 'effects-based test' for unilateral conduct, and makes a comparative analysis between Australian tests for unilateral anticompetitive conduct and tests from the US and the EU. This text also illuminates the frequently mentioned, but little understood, concept of 'purpose' and its role in framing unilateral conduct standards.
Author | : Richard B. McKenzie |
Publisher | : University of Michigan Press |
Total Pages | : 554 |
Release | : 2019-02-28 |
Genre | : Business & Economics |
ISBN | : 0472901141 |
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.
Author | : Robert Bork |
Publisher | : |
Total Pages | : 536 |
Release | : 2021-02-22 |
Genre | : |
ISBN | : 9781736089712 |
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author | : John Charles Duns |
Publisher | : |
Total Pages | : 0 |
Release | : 2006 |
Genre | : Competition, Unfair |
ISBN | : 9780409322453 |
Presents extracts from the leading decisions made under the competition provisions of the Trade Practices Act 1974, and State application legislation, together with extracts from relevant Parliamentary Committees, Australian Competition and Consumer Commission publications and academic commentary.
Author | : Alex Bruce |
Publisher | : |
Total Pages | : 412 |
Release | : 2021 |
Genre | : Antitrust law |
ISBN | : 9780409353440 |
A clear and accessible guide to the regulation of competition in Australia.
Author | : Steven Greenhut |
Publisher | : |
Total Pages | : 332 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |
An exploration of eminent domain looks at the concept of "public use," the injustice and unfairness inherent in the definition when it is based on tax revenue, and the people who are fighting back to preserve their property rights.
Author | : Australia. Parliament. House of Representatives. Standing Committee on Legal and Constitutional Affairs |
Publisher | : Australian Government Publishing Service |
Total Pages | : 164 |
Release | : 1989 |
Genre | : Competition, Unfair |
ISBN | : |
Aims to examine the adequacy of existing legislative controls over mergers, takeovers and monopolies with particular reference to: the extent of control necessary to safeguard the public interest; the adequacy of existing legislation; and the role and effectiveness of the Trade Practices Commission in its implementation of the relevant sections of the Trade practices Act.
Author | : George Raitt |
Publisher | : Bloomsbury Publishing |
Total Pages | : 323 |
Release | : 2019-05-02 |
Genre | : Law |
ISBN | : 150992809X |
Australian competition law has just emerged from a significant period of reform which has seen controversial changes to the legal test to distinguish between normal competitive conduct and conduct that should be condemned. The controversy continues, arguably because the traditional legal conception of market power does not provide a useful standard in real world markets. This important new book offers a radical interpretation of market power, based on the power to manipulate. Seeing it in this way allows for positive and normative standards within which to frame a legal theory of liability for misuse of that power. The book provides suggestions to improve the forensic assessment of conduct that should be condemned as misuse of market power.
Author | : T.V.S. RAMAMOHAN RAO |
Publisher | : |
Total Pages | : |
Release | : 2020-12 |
Genre | : |
ISBN | : 9781527559448 |
This book presents several fundamentally new ideas. It shows that the notion of market dominance depends on the choices of firms. The fundamental idea here is to separate strategies that the firm wishes to pursue and those that it can achieve given the rival reactions. The book also highlights that consumers generally find it difficult to obtain appropriate information about the value of products when many similar products are sold on the market. Firms provide signals in the form of non-price strategies. The identification, by the consumer, of the maximum value of the product may nevertheless leave some room for firms to expand their market share beyond this. In addition, given the nature of the market, each firm has some market power with regard to consumers on the market and in its relationship with rival firms. This text presents a number of market power indices at the firm and strategy level combining these two dimensions. The book also considers issues of regulation of apps in cyberspace and discusses practical regulatory policies that have been developed to limit misuse of information in cyberspace.