Rethinking Merger Analysis

Business & Money

Kaplow, Louis

Finance

The MIT Press

Cambridge, Massachusetts : The MIT Press

By what criteria should public policy be evaluated? Fairness and justice? Or the welfare of individuals? Debate over this fundamental question has spanned the ages. 
 Fairness versus Welfare poses a bold challenge to contemporary moral philosophy by showing that most moral principles conflict more sharply with welfare than is generally recognized. In particular, the authors demonstrate that all principles that are not based exclusively on welfare will sometimes favor policies under which literally everyone would be worse off. The book draws on the work of moral philosophers, economists, evolutionary and cognitive psychologists, and legal academics to scrutinize a number of particular subjects that have engaged legal scholars and moral philosophers. 
 How can the deeply problematic nature of all nonwelfarist principles be reconciled with our moral instincts and intuitions that support them? The authors offer a fascinating explanation of the origins of our moral instincts and intuitions, developing ideas originally advanced by Hume and Sidgwick and more recently explored by psychologists and evolutionary theorists. Their analysis indicates that most moral principles that seem appealing, upon examination, have a functional explanation, one that does not justify their being accorded independent weight in the assessment of public policy. 
 Fairness versus Welfare has profound implications for the theory and practice of policy analysis and has already generated considerable debate in academia.

Fairness versus Welfare

Shavell, Steven

Harvard University Press

By what criteria should public policy be evaluated? Fairness and justice? Or the welfare of individuals? Debate over this fundamental question has spanned the ages.
Fairness versus Welfare poses a bold challenge to contemporary moral philosophy by showing that most moral principles conflict more sharply with welfare than is generally recognized. In particular, the authors demonstrate that all principles that are not based exclusively on welfare will sometimes favor policies under which literally everyone would be worse off. The book draws on the work of moral philosophers, economists, evolutionary and cognitive psychologists, and legal academics to scrutinize a number of particular subjects that have engaged legal scholars and moral philosophers.
How can the deeply problematic nature of all nonwelfarist principles be reconciled with our moral instincts and intuitions that support them? The authors offer a fascinating explanation of the origins of our moral instincts and intuitions, developing ideas originally advanced by Hume and Sidgwick and more recently explored by psychologists and evolutionary theorists. Their analysis indicates that most moral principles that seem appealing, upon examination, have a functional explanation, one that does not justify their being accorded independent weight in the assessment of public policy.
Fairness versus Welfare has profound implications for the theory and practice of policy analysis and has already generated considerable debate in academia.

The Theory of Taxation and Public Economics

The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades. An original treatment of the subject rather than a textbook synthesis, the book contains new analysis that generates novel results, including some that overturn long-standing conventional wisdom. This fresh approach should change thinking, research, and teaching for decades to come.
 Building on the work of James Mirrlees, Anthony Atkinson and Joseph Stiglitz, and subsequent researchers, and in the spirit of classics by A. C. Pigou, William Vickrey, and Richard Musgrave, this book steps back from particular lines of inquiry to consider the field as a whole, including the relationships among different fiscal instruments. Louis Kaplow puts forward a framework that makes it possible to rigorously examine both distributive and distortionary effects of particular policies despite their complex interactions with others. To do so, various reforms--ranging from commodity or estate and gift taxation to regulation and public goods provision--are combined with a distributively offsetting adjustment to the income tax. The resulting distribution-neutral reform package holds much constant while leaving in play the distinctive effects of the policy instrument under consideration. By applying this common methodology to disparate subjects, The Theory of Taxation and Public Economics produces significant cross-fertilization and yields solutions to previously intractable problems.

Economics

Princeton University Press

Throughout the world, the rule against price fixing is competition law's most important and least controversial prohibition. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings conflict with the teachings of oligopoly theory that supposedly underlie modern competition policy.
 Competition Policy and Price Fixing provides the needed analytical foundation. It offers a fresh, in-depth exploration of competition law's horizontal agreement requirement, presents a systematic analysis of how best to address the problem of coordinated oligopolistic price elevation, and compares the resulting direct approach to the orthodox prohibition.
 In doing so, Louis Kaplow elaborates the relevant benefits and costs of potential solutions, investigates how coordinated price elevation is best detected in light of the error costs associated with different types of proof, and examines appropriate sanctions. Existing literature devotes remarkably little attention to these key subjects and instead concerns itself with limiting penalties to certain sorts of interfirm communications. Challenging conventional wisdom, Kaplow shows how this circumscribed view is less well grounded in the statutes, principles, and precedents of competition law than is a more direct, functional proscription. More important, by comparison to the communications-based prohibition, he explains how the direct approach targets situations that involve both greater social harm and less risk of chilling desirable behavior--and is also easier to apply.

Competition Policy and Price Fixing

A textbook for a course on antitrust law. The cases, edited and organized for easy comprehension, are augmented with discussions of the economic theory and behavior necessary to understand the purpose of antitrust laws, and several hundred questions and problems. It has been updated periodically since 1967, here from 1997, to incorporate recent cas

Antitrust Analysis: Problems, Text and Cases

Areeda, Phillip

Business

Panel Pub

Antitrust Analysis: Problems, Text, and Cases earned the respect of instructors nationwide by its dependable and distinguished treatment of the history of antitrust law and its up-to-date coverage of horizontal and vertical agreements, mergers, and monopolies. Now, in its Sixth Edition, this highly regarded casebook covers a wealth of new material with the same authority and insight for which the book is so well known.The book builds on the strengths that have made it such a longtime favorite:
<li>exceptional authorship, with two of the leading lawyer economists of the early 21st century revising and updating the work of Phillip Areeda, the leading antitrust commentator of the 20th century</li>
<li>effective pedagogy: traditional casebook with cases, explanatory text, and problems</li>
<li>insightful textual examples that convey essential background information</li>
<li> and necessary economic principles thorough Appendix containing Selected Statutes, the Sherman Act, the Clayton Act, and the Federal Trade Commission Act</li>
<li>complete Teacher's Manual The entire casebook has been updated to reflect legal changes and developments:</li>
<li>updated chapter on Mergers now discusses current merger practice, emphasizes agency enforcement standards, presents compelling examples, and considers the range of negotiated remedies and the importance of international law</li>
<li>older Supreme Court cases are converted to note form or omitted</li>
<li>recent lower court decisions, such as FTC v. Staples, give students an understanding of modern litigation</li>
<li>streamlined chapter on Vertical Restraints includes recent cases and new text to provide a more coherent framework for this complicated area in major revisions to the chapter on monopolization include the Microsoft</li>
<li>and American Airlines cases With the added expertise of new co-author Aaron Edlin, the definitive antitrust casebook is now also the most current. When you examine your complimentary copy, you will see why Antitrust Anaysis: Problems, Text, and Cases, Sixth Edition, is sure to continue as the standard in law school classes.
</li>

Antitrust Analysis: Problems, Text, Cases

Edlin, Aaron S

Aspen Law & Business

Distinguished authorship characterizes Antitrust Analysis: Problems, Text, and Cases, first written by Phil Areeda, the leading antitrust commentator of the 20th century. The text continues to be revised by two of the leading lawyer economists of the early 21st century. This traditional casebook is also known for its pedagogy (cases, explanatory text, and problems) and insightful text that convey essentials background information along with necessary economic principles. Helpful appendices includes Selected StatutesÂ¿the Sherman Act, the Clayton Act, and the Federal Trade Commission ActÂ¿and a thorough, complete Teacher s Manual accompanies a powerful volume adopted at all levels of law schools. The Seventh Edition incorporates the latest Supreme Court and Circuit Court cases, legal changes, and developments in the law. A revised section on distributional restraints takes account of Leegin, and an updated chapter explores 2010 Merger Guidelines. Many important contemporary discussions have been updated, such as improved intellectual property, market definition, and collusion. Features: <ul>
<li>distinguished authorship </li> <li>AreedaÂ¿the leading antitrust commentator of the 20th century</li> <li>Kaplow and EdlinÂ¿among the leading lawyer economists of the early 21st century</li> <li>
solid pedagogy: traditional casebook with cases, explanatory text and problems</li> <li>
insightful text conveys essential background and necessary economic principles</li> <li>
helpful appendices with selected statutes <ul>
<li>the Sherman Act</li> <li>the Clayton Act</li> <li>the Federal Trade Commission Act</li> </ul>
</li> <li>adopted at all levels of law schools
</li> <li>thorough and complete Teacher s Manual
</li> </ul>
Thoroughly updated, the revised Seventh Edition presents: <ul>
<li>
latest Supreme Court and Circuit Court cases, legal changes, and developments in law</li> <li>revised section on distributional restraints to take account of Leegin </li> <li>revised merger chapter with 2010 Merger Guidelines
</li> <li>enhanced discussion of essential modern issues
</li> <li>intellectual property</li> <li>market definition</li> <li>collusion</li> </ul>

Antitrust Analysis: Problems, Text, and Cases (Aspen Casebook)

Edlin, Aaron

Wolters Kluwer/Law & Business

See the best price to sell, buy, or rent books by Kaplow, Louis. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Kaplow, Louis

See the best price to sell, buy, or rent books by Kaplow, Louis. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Rethinking Merger Analysis

Rethinking Merger Analysis

Fairness versus Welfare

Fairness versus Welfare

The Theory of Taxation and Public Economics

The Theory of Taxation and Public Economics

Competition Policy and Price Fixing

Antitrust Analysis: Problems, Text and Cases

Antitrust Analysis: Problems, Text, Cases

Antitrust Analysis: Problems, Text, and Cases (Aspen Casebook)