This timely and much-needed Handbook reconsiders an old topic from a fresh perspective, raising a number of new, interesting and worthwhile issues in the wake of ten years of globalization. This comprehensive analysis illustrates that old-style industrial policies whereby the government directly...

This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards,...

The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence...

We apply cross-sectional and panel data methods to a database of 5 million patients in 8000 English general practices to examine whether better primary care management of 10 chronic diseases is associated with reduced hospital costs. We find that only primary care performance in stroke care is...

Recent research suggests that the economic benefits to the UK economy from arms exports might not be that great. Surveys suggest that almost two-thirds of those that lose their job in the defence industry either retire or find new work within one year and arms exports are heavily subsidized by...

I model optimal product-market competition policy when industries differ in the potential for quality-improving technological advance. In a two- period model, a competition authority with limited resources administers a deterrence-based competition policy toward two industries. In one of the...

In a number of countries where health care is publicly funded, policies to introduce greater patient choice are being implemented. In most cases patient choice is seen as an instrument to reduce waiting times for elective (non-emergency) hospital services. An important issue is whether...

We report the results of experiments designed to test recent theories of vertical foreclosure. Consistent with the theory, vertical integration improves the upstream firm's ability to commit to restricting output to the monopoly level, as does the use of public contracts. Public contracts are...

The consequences for market performance of publicity of anticompetitive behaviour and prohibition of anticompetitive behaviour combined with punishment of violators are compared, in a model that also allows for the possibility of entry. Implications for Danish and for international competitive...