Cartels, competition and public procurement : law and economics approaches to bid rigging / Stefan E. Weishaar.

Format:

Book

Author/Creator:

Weishaar, Stefan.

Series:

New horizons in competition law and economics.

New Horizons in Competition Law and Economics

Language:

English

Subjects (All):

Cartels.

Antitrust law.

Physical Description:

1 online resource (342 p.)

Place of Publication:

Cheltenham, England ; Northampton, Mass. : Edward Elgar, c2013.

Language Note:

English

Summary:

Cartels, Competition and Public Procurement uses a law and economics approach to analyse whether competition and public procurement laws in Europe, and Asia deal effectively with bid rigging conspiracies. Stefan Weishaar explores the ways in which economic theory can be used to mitigate the adverse effects of bid rigging cartels. The study sheds light on one of the vital issues for achieving cost-effective public procurement - which is itself a critical question in the context of the global financial crisis. The book comprehensively examines whether different laws deal effectively with bid rig

Contents:

CONTENTS; List of figures; List of tables; 1. Introduction; 1. Background; 2. Research methodology and outline of the study; PART 1 ECONOMIC THEORY; 2. Economic theory on optimal deterrence and enforcement; 1. Introduction; 2. Criminal versus administrative enforcement: errorcosts; 3. Private versus public enforcement; 3. Industrial economics; 1. Introduction; 2. Historical overview; 3. Economic models; 4. Industrial economic insights regarding bid rigging; 4. Auction theory and collusion; 1. Introduction; 2. Auction formats and underlying assumptions; 3. Lessons on collusion

4. Empirical findings5. Concluding remarks; PART 2 LEGAL ANALYSIS; Europe; 5. The effectiveness of the legal regime applicable to bid riggingin the European Union; 1. Introduction; 2. The legal framework applicable to bid rigging; 3. Law and economics assessment; 4. Conclusion; 6. Application of auction theory in Europe; 1. Introduction; 2. EU law and cartel formation; 3. EU law and cartel stability; 4. Conclusion; China; 7. The effectiveness of the legal regime applicable to bid riggingin China; 1. Introduction; 2. The Anti- Unfair Competition Law; 3. Anti- monopoly law in China

4. Penal Code5. Public procurement laws; 6. Conclusion; 8. Application of auction theory in China; 1. Introduction; 2. Chinese public procurement laws and cartel formation; 3. Chinese public procurement laws and cartel stability; 4. Concluding remarks; Japan; 9. The effectiveness of the legal regime applicable to bid riggingin Japan; 1. Introduction; 2. The legal framework applicable to bid rigging in Japan; 3. Conclusion; 10. The Japanese construction sector; 1. Introduction; 2. Bid rigging in the construction industry; 3. Japanese construction sector; 4. Conclusion

11. Limits of economic theories and concluding remarksAppendix 1: Europe - an overview of public procurement law; 1. Introduction; 2. The field of law; 3. Applicability; 4. Substantive rules; 5. General rules; 6. Procurement reform; Appendix 2: China - an overview of public procurement law; 1. Introduction; 2. Field of law; 3. Applicable law; 4. Substantive rules; 5. General issues; Appendix 3: History of Japanese antitrust legislation; 1. Introduction; 2. Antitrust in the Occupation Era (1945-53); 3. Developments between 1954 and 1958; 4. Antitrust legislation in the 1960s (1959-70)

5. Antitrust in the 1970s (1971-76)6. The structural depression of 1977 and antitrust in the1980s (1977-91); 7. Conclusion; References; Index

Notes:

Description based upon print version of record.

Description based on online resource; title from title page (ebrary, viewed May 25, 2013).

Includes bibliographical references and index.

ISBN:

0-85793-675-1

OCLC:

844359660