A Manager's Guide to Government in the Marketplace
Headline: FTC Conditionally Approves $10.3 Billion Merger I. | Introduction | II. | Market Failure | | A. | Market
Power | | 1. | Antitrust
Policy | | 2. | Price
Regulation | B. | Externalities | | 1. | The Clean Air Act | C. | Public
Goods | D. | Incomplete Information | | 1. | Rules against Insider Trading | | 2. | Certification | | 3. | Truth in Lending | | 4. | Truth in Advertising | | 5. | Enforcing Contracts |
| III. | Rent Seeking | IV. | Government Policy and International
Markets | | A. | Quotas | B. | Tariffs | | 1. | Lump-Sum
Tariffs | | 2. | Excise
Tariffs |
| V. | Answering the Headline | VI. | Summary | VII. | Key Terms and Concepts | VIII. | Conceptual and Computational
Questions | IX. | Problems and Applications | X. | Case-Based Exercises | XI. | Selected Readings |
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