Motta brings
together today's economic theory with important cases from both sides
of the Atlantic. It will be a valuable resource for students and practitioners,
and I look forward to using it in classes.
- Joseph Farrell, University of California, Berkeley
Massimo Motta
has filled a major lacuna by providing a comprehensive treatment of
the modern theory of antitrust/competition policy. He masterfully
blends theory and E.U. cases to produce a treatise that works at both
the undergraduate and graduate levels, serves as a valuable resource
for working economists, and is readable to many non-economists. In
addition, by offering his own judicious views on the state of competition
policy, he encourages the reader to go beyond digesting current knowledge
and to think critically. A course on U.S. antitrust economics could
do no better than to assign this text while complementing it with
a collection of U.S. cases.
- Joseph Harrington, Johns Hopkins University
This careful
treatment of the economics of competition policy, from an expert who
has himself made important contributions to the theory, should be
an essential reference for anyone working in the field. It fills a
real gap in the market, and should be useful to practitioners as well
as both advanced undergraduate and graduate students.
- Paul Klemperer, Oxford University
In this innovative
and thoughtful volume, Massimo Motta brings the new generation of
game-theoretic I.O. models to bear on a wonderfully wide ranging set
of important recent cases in competition policy. This book will be
of great interest, and of lasting value, to students and practitioners
alike.
- John Sutton, London School of Economics
This is the
first book to provide a systematic treatment of the economics of antitrust
(or competition policy) in a global context. It draws on the literature
of industrial organization and on original analyses to deal with such
important issues as cartels, joint-ventures, mergers, vertical contracts,
predatory pricing, exclusionary practices, and price discrimination,
and to formulate policy implications on these issues. The interaction
between theory and practice is one of the main features of the book,
which contains numerous references to competition policy cases and
a few fully developed case studies. The treatment is written to appeal
to practitioners and students, to lawyers and economists. It is not
only a textbook in economics for first year graduate or advanced undergraduate
courses, but also a book for all who wish to understand competition
issues in a clear and rigorous way. Exercises and some solved problems
are provided. The book is also accessible to readers who are not familiar
with modern economics, as the formalization of the material covered
in the main non-technical sections are relegated to separate "technical"
sections.
Massimo Motta
is Professor of Economics at the European University Institute, Florence,
and at the Universitat Pompeu Fabra, Barcelona, from which he is currently
on leave. He is a Research Fellow of the Centre for Economic Policy
Research, London, and of CESifo, Munich. Professor Motta's main research
interests are in industrial organization and competition policy, but
he has also worked extensively on international trade, trade policy
and multinational firms. His work has been published in numerous leading
international journals.