The Economics of Science and Technology or Economics of Regulation and Antitrust

The Economics of Science and Technology: An Overview of Initiatives to Foster Innovation, Entrepreneurship, and Economic Growth

Author: Maryann P P Feldman

"This volume provides an overview of research on key topics in the economics of science and technology. These topics include the role of patents and intellectual property protection, the relationship between R&D and economic growth, R&D tax policy, government investment in infrastructure technology, public-private technology partnerships, labor market policies, and evaluation and assessment of technology programs. Much of this literature is new, so the time is ripe for a synthesis and critique of existing studies." The book offers an overview presented from an applied perspective, stressing historical and institutional factors. This book will be particularly useful to students interested in pursuing research on these topics and to policy makers who want a user-friendly summary of recent studies on the economic implications of technology policy.

Booknews

To provide an initial reference to the economics of science and technology for students and policy makers, Feldman (Johns Hopkins U.), Albert N. Link (U. of North Carolina-Greensboro) and Donald S. Siegel (U. of Nottingham) overview key topics discussed in the literature. They believe that understanding the current science and technology landscape requires knowing how the institutions that support them evolved. Their focus is on the conclusions of the literature rather than its theoretical foundations. Annotation c. Book News, Inc., Portland, OR

See also: Delia Smith or Pizza California Style

Economics of Regulation and Antitrust

Author: W Kip Viscusi

This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions.

The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.

The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of moreadvanced material is self-contained. Each chapter concludes with questions and problems.

Booknews

New edition of a text that places economic reasoning first and foremost in analyzing regulatory and antitrust issues--stressing the economic theory and empirical analysis that provide the rationale for government intervention in the market. Institutional aspects of regulation and antitrust policy are also treated in case studies on mergers, cable television, and transportation regulation, among other topics. New subjects, such as regulation of environmental tobacco smoke, have been added to the second edition, and others, such as pharmaceutical regulation and price competition in electric power, have been given new treatments to reflect the changing emphases of government policy. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Table of Contents:

	Preface to the Third Edition
1	Introduction	1
	Appendix	11
2	The Making of a Regulation	13
App	Trends in Regulatory Agency Budgets and Staff	48
3	Introduction to Antitrust	61
App	Antitrust Statutes	72
4	Efficiency and Technical Progress	75
5	Oligopoly, Collusion, and Antitrust	97
	App. A	137
	App. B	138
6	Market Structure and Strategic Competition	143
7	Mergers	191
8	Vertical Mergers and Restrictions	219
9	Monopolization and Price Discrimination	257
10	Introduction to Economic Regulation	297
11	Theory of Natural Monopoly	337
12	Natural Monopoly Regulation and Electric Power	361
13	Franchise Bidding and Cable Television	395
14	Public Enterprise	433
15	Dynamic Issues in Natural Monopoly Regulation: Telecommunications	453
16	The Regulation of Potentially Competitive Markets: Theory and Estimation Methods	495
17	Economic Regulation of Transportation: Surface Freight and Airlines	529
18	Economic Regulation of Energy: Crude Oil and Natural Gas	585
19	Introduction: The Emergence of Health, Safety, and Environmental Regulation	637
20	Valuing Life and Other Nonmonetary Benefits	661
21	Environmental Regulation	687
22	Product Safety	725
23	Regulation of Workplace Health and Safety	761
24	Patents and Pharmaceuticals	799
	Author Index	837
	Subject Index	841