Journal of Economic Literature: Vol. 52 No. 2 - Book Review

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Book(s) Reviewed

Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging by Stefan E. Weishaar

Published By: New Horizons in Competition Law and Economics. Cheltenham, U.K. and Northampton, Mass.: Elgar
ISBN: 978-0-85793-674-5
Date of Publication: 2013


Book Review Detail

Reviewed by: Brijesh P. Pintodone of Competition Economics LLC and Michael A. Williams of Competition Economics LLC
Review DOI: 10.1257/jel.52.2.535.r7
Review Pages: 548-49

Book Review Abstract

Brijesh P. Pinto and Michael A. Williams of Competition Economics LLC review "Cartels, Competition and Public Procurement: Law and Economics Approaches to Bid Rigging", by Stefan E. Weishaar. The Econlit abstract of this book begins: "Explores the relationship between public procurement law and competition law in the area of bid rigging conspiracies from a law and economics perspective. Discusses economic theory on optimal deterrence and enforcement; industrial economics; auction theory and collusion; the effectiveness of the legal regime applicable to bid rigging in the European Union; the application of auction theory in Europe; the effectiveness of the legal regime applicable to bid rigging in China; the application of auction theory in China; the effectiveness of the legal regime applicable to bid rigging in Japan; the Japanese construction sector; and the limits of economic theories. Appendixes discuss Europe—an overview of public procurement law; China—an overview of public procurement law; and the history of Japanese antitrust legislation. Weishaar is Associate Professor of Law and Economics at the University of Groningen. Index."


Book Review Full-Text Access



Book Review Authors

Brijesh P. Pinto of Competition Economics LLC and Michael A. Williams of Competition Economics LLC


JEL Classifications

D44: Auctions
H57: National Government Expenditures and Related Policies: Procurement
K21: Antitrust Law
K23: Regulated Industries and Administrative Law
L12: Monopoly; Monopolization Strategies
P37: Socialist Systems and Transitional Economies: Legal Institutions; Illegal Behavior


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