First edition. 8vo. viii, 363, [1] pp. Original grey cloth, spine lettered in gilt, dust jacket. A near fine copy. Oxford and New York, Basil Blackwell, 1987.
An important contribution to the field of antitrust economics by the Nobel Prize winning economist Oliver E. Williamson in which he ‘demonstrated that potential cost economies from horizontal mergers could easily outweigh the dead-weight losses from increased market power and advocated that antitrust policy be modified to recognise demonstrable cost economies as a valid defence in merger cases’ (New Palgrave).
Williamson was awarded the 2009 Nobel Prize in economics ‘for his analysis of economic governance, especially the boundaries of the firm’.
