John Vickers
Biographic Data
| ID | 3605372 |
|---|---|
| NAME | John Vickers |
| GIVEN NAMES | John |
| FAMILY NAME | Vickers |
| SIGNATURE | VICKERS J |
| AFFILIATIONS | University of Oxford |
| ORCID | 0000-0003-3962-4323 |
| VERIFIED | Yes |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 108 |
| AUTHOR COUNT | 14 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1985 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 4 |
Multiproduct Cost Pass-Through
Edgeworth's paradox of taxation occurs when an increase in the unit cost of a product causes a multiproduct monopolist to reduce prices. We give simple illustrations of the paradox and a general analysis of the case of linear marginal cost and demand conditions, and we characterize which matrices of cost pass-through terms are consistent with profit maximization. When the firm supplies at least one pair of substitute products, we show how Edgewor…
Multiproduct Pricing Made Simple
We study multiproduct firms in the contexts of unregulated monopoly, regulated monopoly, and Cournot oligopoly. Using the concept of consumer surplus as a function of quantities (rather than prices), we present simple formulas for optimal prices and show that Cournot equilibrium exists and corresponds to a Ramsey optimum. We then discuss a tractable class of preferences that involve a generalized form of homotheticity. Profit-maximizing quantitie…
Competition Policy and Property Rights
One of the most controversial questions in current competition policy is when, if ever, should competition law require a firm with market power to share its property, notably intellectual property, with its rivals? And if supply is required, on what terms? These questions are discussed with reference to recent law cases including the EC "Microsoft" judgment of 2007 and the US "linkLine" case of 2009. The analysis focuses on whether competition la…
Economic Rules of Law – Introduction
Abuse of Market Power
How should competition law deal with anti-competitive behaviour by firms with market power? In the light of recent EC and US cases, this is perhaps the most controversial current issue for competition policy. Lax policy would jeopardise the competitiveness of markets, but rigid policy would chill pro-competitive, pro-consumer conduct. This paper gives an economic assessment of evolving legal standards in the area. The importance of developing a s…
Competition, Imitation and Growth with Step-by-Step Innovation
Is more intense product market competition and imitation good or bad for growth? This question is addressed in the context of an endogenous growth model with “step-by-step” innovations, in which technological laggards must first catch up with the leading-edge technology before battling for technological leadership in the future. In contrast to earlier Schumpeterian models in which innovations are always made by outsider firms who earn no rents if…
Performance Comparisons and Dynamic Incentives
It is well known that comparative performance information can enhance efficiency in static principal-agent relationships by improving the trade-off between insurance and incentives in the design of explicit contracts. In dynamic settings, however, there may be implicit as well as explicit incentives, for example, managerial career concerns and the ratchet effects in regulation. The authors show that the dynamic effects of comparative performance …
Economic Perspectives on Privatization
Despite being one of the most fundamental issues in political economy, the question of the appropriate boundary between public and private enterprise received relatively little attention in mainstream economic analysis until quite recently. In the 1980s, however, programs of ownership reform were started in many developed and developing countries. Dramatic though some of these policies have been, they are likely to be overshadowed in the 1990s by…
Privatization
The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically
Strategic Behaviour and Industrial Competition
The economics of industrial organization is undergoing major change and development. New methods of analysis are forcing a substantial rethink of the causes, nature, and effects of competitive behaviour. Traditional views are being reconsidered and replaced by different perspectives; empirical relationships are being reinterpreted; and important implications for anti-trust and industrial policies are being derived from the new approaches. The 12 …
The Economics of Market Dominance
Journal Article The Economics of Market Dominance Get access The Economics of Market Dominance. Edited by DONALD HAY and JOHN VICKERS. (Oxford: Basic Blackwell, 1987. Pp. vii+172. £22.50 hardback.) Geoffrey Whittington Geoffrey Whittington University of Bristol Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 389, 1 March 1988, Pages 186–188, https://doi.org/10.2307/2233522 Published:…
Privatization
Journal Article Privatization: An Economic Analysis Get access Privatization: An Economic Analysis. By JOHN VICKERS and GEORGE YARROW. (Cambridge, Massachusetts: The MIT Press, 1988. Pp. xiii + 454. £35.95 hardback, £14.95 paperback. ISBN 0 262 220334,0262 72011 6.) John Cubbin John Cubbin Queen Mary College, London Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 393, 1 December 1988…
The politics of industrial privatisation in Western Europe
1988). The politics of industrial privatisation in Western Europe: An overview. West European Politics: Vol. 11, The Politics of Privatisation in Western Europe, pp. 1-30
Delegation and the Theory of the Firm
Journal Article Delegation and the Theory of the Firm Get access John Vickers John Vickers Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue Supplement, 1 December 1985, Pages 138–147, https://doi.org/10.2307/2232877 Published: 01 December 1985
Delegation and the Theory of the Firm
Journal Article Delegation and the Theory of the Firm Get access John Vickers John Vickers Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue Supplement, 1 December 1985, Pages 138–147, https://doi.org/10.2307/2232877 Published: 01 December 1985
Economic Perspectives on Privatization
Despite being one of the most fundamental issues in political economy, the question of the appropriate boundary between public and private enterprise received relatively little attention in mainstream economic analysis until quite recently. In the 1980s, however, programs of ownership reform were started in many developed and developing countries. Dramatic though some of these policies have been, they are likely to be overshadowed in the 1990s by…
The politics of industrial privatisation in Western Europe
1988). The politics of industrial privatisation in Western Europe: An overview. West European Politics: Vol. 11, The Politics of Privatisation in Western Europe, pp. 1-30
Performance Comparisons and Dynamic Incentives
It is well known that comparative performance information can enhance efficiency in static principal-agent relationships by improving the trade-off between insurance and incentives in the design of explicit contracts. In dynamic settings, however, there may be implicit as well as explicit incentives, for example, managerial career concerns and the ratchet effects in regulation. The authors show that the dynamic effects of comparative performance …
Multiproduct Pricing Made Simple
We study multiproduct firms in the contexts of unregulated monopoly, regulated monopoly, and Cournot oligopoly. Using the concept of consumer surplus as a function of quantities (rather than prices), we present simple formulas for optimal prices and show that Cournot equilibrium exists and corresponds to a Ramsey optimum. We then discuss a tractable class of preferences that involve a generalized form of homotheticity. Profit-maximizing quantitie…
The Economics of Market Dominance
Journal Article The Economics of Market Dominance Get access The Economics of Market Dominance. Edited by DONALD HAY and JOHN VICKERS. (Oxford: Basic Blackwell, 1987. Pp. vii+172. £22.50 hardback.) Geoffrey Whittington Geoffrey Whittington University of Bristol Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 389, 1 March 1988, Pages 186–188, https://doi.org/10.2307/2233522 Published:…
Competition Policy and Property Rights
One of the most controversial questions in current competition policy is when, if ever, should competition law require a firm with market power to share its property, notably intellectual property, with its rivals? And if supply is required, on what terms? These questions are discussed with reference to recent law cases including the EC "Microsoft" judgment of 2007 and the US "linkLine" case of 2009. The analysis focuses on whether competition la…
Abuse of Market Power
How should competition law deal with anti-competitive behaviour by firms with market power? In the light of recent EC and US cases, this is perhaps the most controversial current issue for competition policy. Lax policy would jeopardise the competitiveness of markets, but rigid policy would chill pro-competitive, pro-consumer conduct. This paper gives an economic assessment of evolving legal standards in the area. The importance of developing a s…
Delegation and the Theory of the Firm
Journal Article Delegation and the Theory of the Firm Get access John Vickers John Vickers Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue Supplement, 1 December 1985, Pages 138–147, https://doi.org/10.2307/2232877 Published: 01 December 1985
The Economics of Market Dominance
Journal Article The Economics of Market Dominance Get access The Economics of Market Dominance. Edited by DONALD HAY and JOHN VICKERS. (Oxford: Basic Blackwell, 1987. Pp. vii+172. £22.50 hardback.) Geoffrey Whittington Geoffrey Whittington University of Bristol Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 389, 1 March 1988, Pages 186–188, https://doi.org/10.2307/2233522 Published:…
Privatization
Journal Article Privatization: An Economic Analysis Get access Privatization: An Economic Analysis. By JOHN VICKERS and GEORGE YARROW. (Cambridge, Massachusetts: The MIT Press, 1988. Pp. xiii + 454. £35.95 hardback, £14.95 paperback. ISBN 0 262 220334,0262 72011 6.) John Cubbin John Cubbin Queen Mary College, London Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 393, 1 December 1988…
The politics of industrial privatisation in Western Europe
1988). The politics of industrial privatisation in Western Europe: An overview. West European Politics: Vol. 11, The Politics of Privatisation in Western Europe, pp. 1-30
Strategic Behaviour and Industrial Competition
The economics of industrial organization is undergoing major change and development. New methods of analysis are forcing a substantial rethink of the causes, nature, and effects of competitive behaviour. Traditional views are being reconsidered and replaced by different perspectives; empirical relationships are being reinterpreted; and important implications for anti-trust and industrial policies are being derived from the new approaches. The 12 …
Privatization
The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically
Economic Perspectives on Privatization
Despite being one of the most fundamental issues in political economy, the question of the appropriate boundary between public and private enterprise received relatively little attention in mainstream economic analysis until quite recently. In the 1980s, however, programs of ownership reform were started in many developed and developing countries. Dramatic though some of these policies have been, they are likely to be overshadowed in the 1990s by…
Performance Comparisons and Dynamic Incentives
It is well known that comparative performance information can enhance efficiency in static principal-agent relationships by improving the trade-off between insurance and incentives in the design of explicit contracts. In dynamic settings, however, there may be implicit as well as explicit incentives, for example, managerial career concerns and the ratchet effects in regulation. The authors show that the dynamic effects of comparative performance …
Competition, Imitation and Growth with Step-by-Step Innovation
Is more intense product market competition and imitation good or bad for growth? This question is addressed in the context of an endogenous growth model with “step-by-step” innovations, in which technological laggards must first catch up with the leading-edge technology before battling for technological leadership in the future. In contrast to earlier Schumpeterian models in which innovations are always made by outsider firms who earn no rents if…
Abuse of Market Power
How should competition law deal with anti-competitive behaviour by firms with market power? In the light of recent EC and US cases, this is perhaps the most controversial current issue for competition policy. Lax policy would jeopardise the competitiveness of markets, but rigid policy would chill pro-competitive, pro-consumer conduct. This paper gives an economic assessment of evolving legal standards in the area. The importance of developing a s…
Economic Rules of Law – Introduction
Competition Policy and Property Rights
One of the most controversial questions in current competition policy is when, if ever, should competition law require a firm with market power to share its property, notably intellectual property, with its rivals? And if supply is required, on what terms? These questions are discussed with reference to recent law cases including the EC "Microsoft" judgment of 2007 and the US "linkLine" case of 2009. The analysis focuses on whether competition la…
Multiproduct Pricing Made Simple
We study multiproduct firms in the contexts of unregulated monopoly, regulated monopoly, and Cournot oligopoly. Using the concept of consumer surplus as a function of quantities (rather than prices), we present simple formulas for optimal prices and show that Cournot equilibrium exists and corresponds to a Ramsey optimum. We then discuss a tractable class of preferences that involve a generalized form of homotheticity. Profit-maximizing quantitie…
Multiproduct Cost Pass-Through
Edgeworth's paradox of taxation occurs when an increase in the unit cost of a product causes a multiproduct monopolist to reduce prices. We give simple illustrations of the paradox and a general analysis of the case of linear marginal cost and demand conditions, and we characterize which matrices of cost pass-through terms are consistent with profit maximization. When the firm supplies at least one pair of substitute products, we show how Edgewor…
Economics (14 works) · Political science (6 works) · Business (5 works) · Law and economics (4 works) · Market economy (4 works) · Merger and Competition Analysis (4 works) · Microeconomics (4 works) · Corporate Finance and Governance (3 works) · Economic theories and models (3 works) · Industrial organization (3 works)