Beyond Competition : Economics of Mergers and Monopoly Power.

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Bibliographic Details
Online Access: Full Text (via Taylor & Francis)
Main Author: Karier, Thomas
Format: eBook
Language:English
Published: Florence : Taylor and Francis, 2016.

MARC

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245 1 0 |a Beyond Competition :  |b Economics of Mergers and Monopoly Power. 
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505 0 |a Cover; Half Title; Title; Copyright; Dedication; Contents; Figures and Tables; Preface; 1. An Introduction to Corporate Power; The Theory of Monopoly and Economic Power; Archetypal Firm; Organization of the Book; 2. The History of Monopoly Theory; The Classical Roots; The 1930s Renaissance; Market Behavior; Oligopoly Theory; Barriers to Entry; Labor Unions; Conclusion; 3. The Microeconomics of Power; The Standard Monopoly Model; Monopoly Theory; Substitution; Two Forms of Power; Summary; Appendix; 4. Early Statistical Evidence; The Hypothesis; Measuring Monopoly Power; Capacity Utilization. 
505 8 |a Price-Cost MarginsThe Evidence; Critics and the Efficiency View; Conclusion; 5. Unions and the Contest over Economic Power; A Graphical Model of Monopoly Power; The Role of Labor Unions; Employer Surplus; Imports and Power; Executive Compensation; 6. Do Firms Pay for Higher Costs?; Types of Costs; An Individual Firm; Economywide Cost Increases; A Group of Rivals; Dependent Costs; Conclusion; 7. The Second Wave of Statistical Evidence; Specifying a New Test; Empirical Evidence; Profit Losses Compared with Wage Gains; Firm Studies; The Pass-On Theory of Union Costs; Wage-Price Spiral. 
505 8 |a Conclusion8. Price Competition; A Definition; Future Demand and Expectations; A Model of Price Competition; Power and Competition; Theories of Corporate Behavior; Dumping; Monopolistic Competition and Contestable Markets; Limit Pricing; Conclusion; 9. Nonprice Competition and Cooperation; Theory of Nonprice Competition; Competitors and Rivals; Theory of Cooperation; Followers and Free-Riders; Price Leadership; Collusion; Prisoner's Dilemma; Kinked Demand Curve; Conclusion; 10. The Process of Expansion: Mergers and Acquisitions; Mergers and Power; Horizontal Mergers; Vertical Integration. 
505 8 |a ConglomerateAcquiring Economic Power; Executives and the Merger Motive; Conclusion; 11. The Global Market; Comparative Advantage; General Condition for Trade; Evolution of International Activity; Evidence; Platform Production; Life-Cycle versus Acquisitions; Pricing in Foreign Markets; Appendix; 12. Political Economy of Power; Mercantilism; The Free-Rider Problem; Patents and Copyrights; Limiting the Accumulation of Monopoly Power; Regulating Distribution of the Surplus; Separation of Business and Government; Conclusion; 13. The Next Economic Order; A Changing Distribution. 
505 8 |a Competitiveness and Trade PolicyUnited States versus Japan; Winners and Losers; Notes; References; Index. 
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