Competition's New Clothes

Advance praise: 'What has economics to say about skis, shipping, soccer and cereals? A great deal, as Leveque shows in this addictively appealing book. Leveque draws on the brilliant insights and evidence that leading economists studying industries and markets have amassed over the past forty years to lay out the various workings of competition in different industries. Falling transport costs, innovation and the digital revolution have transformed the world of industry and commerce. This book may do for industrial organization what Freakonomics did for the economics of the 'Hidden Side of Everything'.' David Newbury, Emeritus Professor and Director of The Energy Policy Research Group (EPRG), University of Cambridge Advance praise: 'Through a variety of beautifully crafted and comprehensively documented case-studies, Francois Leveque illuminates the theory of market competition and proves wrong all those who claim that economics is a dismal science. Competition's New Clothes is a must-read for anyone interested in the inner workings of modern markets, and an ideal companion book for the teaching of microeconomics, business economics and industrial organization.' Paul Belleflamme, Universite catholique de Louvain Advance praise: 'An extremely engaging book that teaches almost everything you would want to know about competition and markets through the use of a diverse set of real world 'stories'. Perfect competition, to monopolist competition, to oligopoly, to monopoly, to innovation. Stories about casinos, toys, wine, breakfast cereals, soccer, ride hailing services, and more. The book is hard to put down which is saying something about n book about microeconomics.' Paul L. Joskow, Elizabeth and James Killian Professor of Economics, Emeritus, Massachusetts Institute of Technology `What has economics to say about skis, shipping, soccer and cereals? A great deal, as Leveque shows in this addictively appealing book. Leveque draws on the brilliant insights and evidence that leading economists studying industries and markets have amassed over the past forty years to lay out the various workings of competition in different industries. Falling transport costs, innovation and the digital revolution have transformed the world of industry and commerce. This book may do for industrial organization what Freakonomics did for the economics of the `Hidden Side of Everything'.' David Newbury, Emeritus Professor and Director of The Energy Policy Research Group (EPRG), University of Cambridge `Through a variety of beautifully crafted and comprehensively documented case-studies, Francois Leveque illuminates the theory of market competition and proves wrong all those who claim that economics is a dismal science. Competition's New Clothes is a must-read for anyone interested in the inner workings of modern markets, and an ideal companion book for the teaching of microeconomics, business economics and industrial organization.' Paul Belleflamme, Universite catholique de Louvain `An extremely engaging book that teaches almost everything you would want to know about competition and markets through the use of a diverse set of real world `stories'. Perfect competition, to monopolist competition, to oligopoly, to monopoly, to innovation. Stories about casinos, toys, wine, breakfast cereals, soccer, ride hailing services, and more. The book is hard to put down which is saying something about n book about microeconomics.' Paul L. Joskow, Elizabeth and James Killian Professor of Economics, Emeritus, Massachusetts Institute of Technology