Cartels, Competition and Public Procurement

Stefan E. Weishaar

in Books from Edward Elgar Publishing

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.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
Date: 2013
ISBN: 9780857936745
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Chapters in this book:

Ch 1 Introduction , pp 1-6

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Ch 2 Economic theory on optimal deterrence and enforcement , pp 9-13

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Ch 3 Industrial economics , pp 14-35

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Ch 4 Auction theory and collusion , pp 36-62

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Ch 5 The effectiveness of the legal regime applicable to bid rigging in the European Union , pp 66-88

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Ch 6 Application of auction theory in Europe , pp 89-108

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Ch 7 The effectiveness of the legal regime applicable to bid rigging in China , pp 112-127

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Ch 8 Application of auction theory in China , pp 128-136

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Ch 9 The effectiveness of the legal regime applicable to bid rigging in Japan , pp 142-177

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Ch 10 The Japanese construction sector , pp 178-211

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Ch 11 Limits of economic theories and concluding remarks , pp 212-216

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