Market Oversight Games

Maarten Pieter Schinkel (Autor)

Buch | Softcover

40 Seiten

2011
Vossiuspers UvA (Verlag)
978-90-5629-663-6 (ISBN)

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Big business plays cat & mouse with market regulators. Market participants try to avoid the competitive pressures that the regulators are working to keep up. Only if the latter play these games at least as cleverly as the former can we reap all the fruits of competition. A case in point is the European Commission's ongoing struggle with VISA and MasterCard. Another example is the Dutch telecom regulator OPTA's pursuit of the local cable monopolies in The Netherlands. The Dutch Central Bank DNB vs. DSB Bank is a strategic market oversight game as well. In his inaugural lecture as Professor of Competition Economics and Regulation, Maarten Pieter Schinkel draws on game theory, artificial intelligence research on Pac-Man, and forensic evidence obtained through undercover surveillance to develop optimal market oversight strategies. He argues that market supervisors should have strong discretionary authority to be able to creatively pursue continuously changing business strategies with an evasive edge. This finding has implications for the interpretation of the principle of legal certainty. As illustrations, Schinkel outlines several possible evasion strategies in recent competition cases. He gives examples of strong counter-play by the US Department of Justice, the European Commission, the UK Office of Fair Trading and the Netherland Competition Authority NMa. Schinkel warns against .flying blind on leniency instruments and complaints made by rivals. He points out how market supervisors can become a pawn in the game between powerful companies.

Maarten Pieter Schinkel (1971) was appointed professor of Competition Economics and Regulation in February 2009. He is co-director of the Amsterdam Center for Law & Economics (ACLE) of the University of Amsterdam, and a visiting professor at the College of Europe in Bruges. Schinkel studied economics at Maastricht University and MIT. He is a Fulbright Fellow, a Tinbergen Institute Research Fellow, and a Centre for Economic Policy Research (CEPR) Research Affiliate.

Market oversight games - 2[-]Antitrust Avoidance by IPO - 6[-]What Are Market Oversight Games? - 9[-]Some Examples in Real Time - 11[-]Points of Departure for Analysis - 13[-]Matching Pennies - 13[-]Market Oversight Games Complex - 14[-]A Lesson from Pac-Man - 16[-]Dodging Cartel Detection - 18[-]How the Lion Gets the Christian - 20[-]A Look inside the Cartel: The Lysine Tapes - 22[-]A Look inside the Agency: The NMa Tapes - 24[-]Leniency Games Antitrust Authorities Play - 27[-]Ms. Pac-Man Proves Creativity Theorem - 28[-]Three Corollaries with an Example Each - 29[-]Commitment to Do Good - 33[-]Epilogue: The De-nationalization of Money byElectronic Payment - 33[-]Dankwoord - 34[-]Notes - 35

Reihe/Serie	Vor-economie ; 378
Verlagsort	Amsterdam
Sprache	englisch
Gewicht	69 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Angewandte Mathematik
	Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Wettbewerbsrecht
	Sozialwissenschaften ► Politik / Verwaltung ► Vergleichende Politikwissenschaften
	Sozialwissenschaften ► Soziologie
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	90-5629-663-9 / 9056296639
ISBN-13	978-90-5629-663-6 / 9789056296636
Zustand	Neuware