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Antitrust Policy: A Century of Economic and Legal Thinking
Antitrust Policy Century Economic Legal Thinking
2014/11/27
This article follows the evolution of thinking about competition since 1890 as reflected by major antitrust decisions and research in industrial organization. We divide the U.S. antitrust experience i...
Does Antitrust Policy Improve Consumer Welfare ? Assessing the Evidence
To improve Consumer Welfare Antitrust policy Assessment evidence
2014/11/27
Should the United States pursue a vigorous antitrust policy? Soon after the passage of the Sherman Antitrust Act of 1890, economists led by John Bates Clark (1901) argued that the enforcement of such ...
Competition as an Evolutionary Process and Antitrust Policy
Competition Evolutionary Process Antitrust Policy
2014/11/27
The antitrust debate in the United States has been grounded and guided by principles derivedf rom equilibrium-basede conomics. However, these principles mischaracterizek eyelements of real economies. ...
Antitrust, Dynamic Competition and Business Ethics
antitrust competitive strategy dynamic competition ethics innovation
2014/11/27
The American Antitrust Institute, a Washington, D.C. think tank, recently completed a study that concludes that competition law and policy plays little if any role in business ethics courses taught in...
Designing Antitrust Rules for Assessing Unilateral Practices
Antitrust Rules Unilateral Practices
2014/11/27
Businesses engage in a variety of practices to increase sales and profits, often at the expense of competitors. These "unilateral practices" usually become suspect under the competition laws only when...
Antitrust Innovative Industries
new economy welfare antitrust analysis Innovative Industries
2014/11/27
This paper is concerned with the effects of antitrust policy in markets in which innovation is a critical determinant of competitive outcomes and welfare. Over the last two decades, a large share of t...