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Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging - New Horizons in Competition Law and Economics Series (Hardback)
  • Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging - New Horizons in Competition Law and Economics Series (Hardback)
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Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging - New Horizons in Competition Law and Economics Series (Hardback)

(author)
£96.00
Hardback 352 Pages / Published: 30/04/2013
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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 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. Students and researchers who have a keen interest in the relationship between law and economics, competition law and public procurement law will find this topical book invaluable. Practitioners can see how economic theory can be used to identify situations that lend themselves to bid rigging and policymakers will be informed about the shortcomings of existing legislation from a legal and economics perspective and will be inspired by approaches taken in different jurisdictions.

Publisher: Edward Elgar Publishing Ltd
ISBN: 9780857936745
Number of pages: 352
Dimensions: 156 x 234 mm


MEDIA REVIEWS
`This new book by Stefan E. Weishaar offers a broad perspective and a clear and easy-to-follow law and economics approach to bid rigging . . . Weishaar's Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging would be highly desirable. Definitely a book worth reading.' -- Dr Albert Sanchex Graells, European Competition Law Review
`This volume is long overdue. Integrated legal and economic analysis of competition law is crucial given the nature of the sector. However to carry this off successfully, one either needs intensive editorial work to bring different teams together; or one has to rely on the few who master both economic and legal analysis to a tee. Stefan Weishaar's analysis not only looks at a stubborn issue in competition law. He does so in three jurisdictions, in detailed yet clear fashion, with clear insight and ditto conclusions.' -- Geert Van Calster, University of Leuven, Belgium

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