Experiments and Competition Policy by Jeroen Hinloopen,Hans-Theo Normann

By Jeroen Hinloopen,Hans-Theo Normann

Economists have started to make a lot higher use of experimental equipment of their examine. The award of the Nobel Prize in 2002 to Vernon Smith proven that using such equipment is now visible as an enormous and credible a part of the economist's toolkit. In Experiments and pageant coverage, top students within the box of experimental economics survey using experimental tools and express how they could support us to appreciate enterprise behaviour relating to quite a few types of festival coverage. Chapters are equipped when it comes to the most fields of pageant coverage - collusion, abusive practices and mergers - and there's additionally a separate part facing auctions and procurement. Written in a transparent and non-technical variety, this quantity is a wonderful creation to what the more and more very important box of experimental economics can deliver to the idea and perform of festival policy.

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