Cartels, Competition and Public Procurement:Law and Economics Approaches to Bid Rigging

摘要

In this book, Professor Stephen Weishaar makes a commendable effort to fashion a theoretical yardstick to systematically analyze how well legal frameworks regarding public procurement prevent the formation of bid-rigging cartels, with special focus on legal frameworks in the European Union, China, and Japan. Professor Weishaar does not focus on the "ex post identification of cartels, but is rather seeking to examine means to prevent their creation in the first place" (p. 2). With the aid of auction theory, he also makes recommendations regarding how these legal frameworks could be altered to better prevent cartel formation.