A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations.
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)