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Industrial economics

In: Cartels, Competition and Public Procurement

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Abstract

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 rigging and the ways in which economic theory can be used to mitigate the adverse effects of such cartels. The employed industrial economics and auction theory highlights shortcomings of the law in all three jurisdictions – the European Union, China and Japan – and seeks to raise the awareness of policymakers as to when extra precautionary measures against bid rigging conspiracies should be taken.

Suggested Citation

  • ., 2013. "Industrial economics," Chapters, in: Cartels, Competition and Public Procurement, chapter 3, pages 14-35, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14565_3
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    File URL: https://www.elgaronline.com/view/9780857936745.00009.xml
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    Cited by:

    1. Grande, Genice & Islas, Jorge & Rios, Mario, 2015. "Technical and economic analysis of Domestic High Consumption Tariff niche market for photovoltaic systems in the Mexican household sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 738-748.
    2. Huang Xian Yu, 2017. "Capital Asset Pricing Model – investigation and Testing," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 7(6), pages 1-5.

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