Industrial Concentration And The Chicago School Of Antitrust Analysis

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Industrial Concentration and the Chicago School of Antitrust Analysis

Jan B. Rittaler
Industrial Concentration and the Chicago School of Antitrust Analysis Book PDF

Author : Jan B. Rittaler
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 434 pages
File Size : 55,7 Mb
Release : 1989
Category : Business & Economics
ISBN : STANFORD:36105044214588

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Industrial Concentration and the Chicago School of Antitrust Analysis by Jan B. Rittaler Pdf

After roughly 15 years of merger control application in the Federal Republic of Germany a reassessment of the significance of this instrument of antitrust policy seems necessary. This is particularly so in view of the reorientation of merger control policy in the United States which has been - in its original version - the model for the German merger control system. Concerning merger control, the reorientation is characterized by the notion that the structure-conduct-performance paradigm which has dominated U.S. antitrust for a quarter of a century is imprecise or even incorrect and «that bigness in business does not necessarily mean badness.» This makes the fundamental question arise of whether the German merger control system is still up to date in terms of the underlying market theory and of whether the German Act Against Restraints of Competition needs a reorientation towards aspects of market conduct and performance instead of market structure by means of a Fifth Amendment.

A Critical Evaluation of the Chicago School of Antitrust Analysis

I. Schmidt,J.B. Rittaler
A Critical Evaluation of the Chicago School of Antitrust Analysis Book PDF

Author : I. Schmidt,J.B. Rittaler
Publisher : Springer Science & Business Media
Page : 145 pages
File Size : 47,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400925670

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A Critical Evaluation of the Chicago School of Antitrust Analysis by I. Schmidt,J.B. Rittaler Pdf

The publication of this clinically analytical and trenchantly insightful volume is felicitously timed. By fortuitous coincidence, it comes at a time when the Chicago School enjoys a high-water mark of acceptance in U.S. legal circles, and at a time when the U.S. merger movement of the 1980s is cresting. It provides a welcome warning against the dangers of translating abstract theories, based on highly restrictive (and unrealistic) assumptions, into facile public policy recommendations. As such the Schmidt/Rittaler study serves as a needed antidote to the currently fashionable predilection to confuse ideology with science. In the Chicago lexicon, the only appropriate policy toward business is a policy of untrammeled laissez-faire. Because there are no market imperfec tions (other than government-created or trade-union-generated monopolies), the market can be trusted to regulate economic activity, inexorably meting out appropriate rewards and punishments. In this ideal world, corporate size and power can be safely ignored. After all, corporations become big only only because they are efficient, only because they are productive, only because they have served consumers better than their rivals, and only because no newcomers are good enough to challenge their dominance. Once an industrial giant becomes lethargic and no longer bestows its productive beneficence on society, it will inevitably wither and eventually die. This is the "natural law" that governs economic life. It demands obedience to its rules. It tolerates no interference by the state.

How the Chicago School Overshot the Mark

Robert Pitofsky
How the Chicago School Overshot the Mark Book PDF

Author : Robert Pitofsky
Publisher : Oxford University Press
Page : 324 pages
File Size : 47,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780195372823

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How the Chicago School Overshot the Mark by Robert Pitofsky Pdf

The essays collected in this book concern the rise and recent fall of American antitrust. Of the 15 essays, almost all express a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare.

Antitrust Analysis

Phillip Areeda,Louis Kaplow
Antitrust Analysis Book PDF

Author : Phillip Areeda,Louis Kaplow
Publisher : Aspen Publishers
Page : 100 pages
File Size : 54,6 Mb
Release : 1997
Category : Antitrust law
ISBN : STANFORD:36105062043760

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Antitrust Analysis by Phillip Areeda,Louis Kaplow Pdf

Reorganized for increased accessibility, The 1997 edition of ANTITRUST ANALYSIS presents coverage of current issues with the same incisive -- and effective -- approach that has earned the book its premier reputation in the field. The distinctive emphasis on textual explanations that has always characterized Antitrust Analysis continues in the Fifth Edition. These strong textual discussions convey essential background information and necessary economic principles. Further, less significant cases have been trimmed. The authors' vast expertise in antitrust and economics is shown in a casebook of truly unrivaled quality. ANTITRUST ANALYSIS, Fifth Edition, opens with a clear introduction To The history of antitrust law and a cogent presentation of important economics material. The authors then explore: horizontal agreements monopolization vertical agreements mergers price discrimination Reflecting ongoing movement in the antitrust arena, Areeda and Kaplow now address new developments in: intellectual property health care international aspects of antitrust law

Post-Chicago Developments in Antitrust Law

Antonio Cucinotta,Roberto Pardolesi,Roger van den Bergh
Post Chicago Developments in Antitrust Law Book PDF

Author : Antonio Cucinotta,Roberto Pardolesi,Roger van den Bergh
Publisher : Edward Elgar Publishing
Page : 364 pages
File Size : 55,9 Mb
Release : 2002-01-01
Category : Law
ISBN : 1843767031

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Post-Chicago Developments in Antitrust Law by Antonio Cucinotta,Roberto Pardolesi,Roger van den Bergh Pdf

This work offers a critical evaluation of the Chicago approach to antitrust. The authors discuss the economic foundations of competition policy and the different ways in which both American and European competition law does - or does not - take account of economic insights.

How the Chicago School Overshot the Mark

Robert Pitofsky
How the Chicago School Overshot the Mark Book PDF

Author : Robert Pitofsky
Publisher : Oxford University Press
Page : 328 pages
File Size : 45,6 Mb
Release : 2008-10-14
Category : Law
ISBN : 9780199888245

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How the Chicago School Overshot the Mark by Robert Pitofsky Pdf

How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chicago School doctrine originated in academia and was popularized in books by brilliant and innovative law professors like Robert Bork and Richard Posner. Oddly, a response to that kind of conservative doctrine may be put together through collections of scores of articles but until now cannot be found in any one book. This collection of essays is designed in part to remedy that situation. The chapters in this book were written by academics, former law enforcers, private sector defense lawyers, Republicans and Democrats, representatives of the left, right and center. Virtually all agree that antitrust enforcement today is better as a result of conservative analysis, but virtually all also agree that there have been examples of extreme interpretations and misinterpretations of conservative economic theory that have led American antitrust in the wrong direction. The problem is not with conservative economic analysis but with those portions of that analysis that have "overshot the mark" producing an enforcement approach that is exceptionally generous to the private sector. If the scores of practices that traditionally have been regarded as anticompetitive are ignored, or not subjected to vigorous enforcement, prices will be higher, quality of products lower, and innovation diminished. In the end consumers will pay.

Economics and Antitrust Policy

Robert Larner,James Meehan
Economics and Antitrust Policy Book PDF

Author : Robert Larner,James Meehan
Publisher : Praeger
Page : 264 pages
File Size : 55,8 Mb
Release : 1989-01-23
Category : Business & Economics
ISBN : UOM:49015000672379

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Economics and Antitrust Policy by Robert Larner,James Meehan Pdf

As the economists and lawyers contributing to this volume demonstrate, an important element of the Reagan Revolution has been a fundamental shift in antitrust policy and enforcement away from the focus on market structure during the 1960s and early 1970s toward a greater emphasis on the effects of business conduct on economic efficiency and consumer welfare. This shift, caused both by a marked change in the political climate and changes in the thinking and research output of economists, has had an enormous impact on the volume and substance of antitrust activity during the 1980s. The articles collected here--each written especially for this volume--assess these changes in antitrust activity in key policy areas: mergers, vertical restraints, monopoly, and strategic behavior. The authors examine particularly the impact of the change in antitrust enforcement and policy on social welfare. They point out where changes have been beneficial, evaluate whether further changes in policy or law are desirable, and probe unresolved issues, such as whether current policy pays too little attention to the possible strategic or anticompetitive aspects of some forms of business conduct. Taken together, these essays offer a multifaceted explanation of the ways in which economics has contributed to changes in antitrust policy and law. By providing a more thorough understanding of developments in industrial economics during the last 30 years, the authors also provide lawyers, economists, business executives, and students of business administration with new insights into possible future trends in antitrust policy and law--and their impact on the structure of American businesses and markets.

Barriers to Competition

Ana Rosado Cubero
Barriers to Competition Book PDF

Author : Ana Rosado Cubero
Publisher : Routledge
Page : 245 pages
File Size : 50,5 Mb
Release : 2015-09-30
Category : Business & Economics
ISBN : 9781317315964

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Barriers to Competition by Ana Rosado Cubero Pdf

Focuses on the different methods that economic science has employed in order to detect and measure barriers to entry. This book presents a chronological analysis of competing Harvard and Chicago Schools' interpretations of this phenomenon.

The Antitrust Paradox

Robert Bork
The Antitrust Paradox Book PDF

Author : Robert Bork
Publisher : Unknown
Page : 536 pages
File Size : 48,8 Mb
Release : 2021-02-22
Category : Electronic
ISBN : 1736089714

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The Antitrust Paradox by Robert Bork Pdf

The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

The Organization of Industry

George J. Stigler
The Organization of Industry Book PDF

Author : George J. Stigler
Publisher : University of Chicago Press
Page : 336 pages
File Size : 43,7 Mb
Release : 1983-03-15
Category : Business & Economics
ISBN : 9780226774329

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The Organization of Industry by George J. Stigler Pdf

The Organization of Industry collects essays written over two decades—pieces prepared especially for this volume, previously unpublished material, and reprinted articles drawn from numerous sources, many which include additional commentary by the author. The essays are unified by George J. Stigler's careful analysis and by his clear and witty style. In part one, Stigler examines the nature of competition and monopoly. In part two he discusses the forces that determine the size structure of industry, including barriers to entry, economics of scale, and mergers. Part three contains articles on a wide range of topics, such as profitability, delivered price systems, block booking, the economics of information, and the kinky oligopoly demand curve and rigid price. Part four offers a discussion of antitrust policy and includes Stigler's recommendations for future policy as well as an examination of the effects of past policies. "Stigler's writings might well be subtitled 'The Joys of Doing Economics.' He, more than any other contemporary American economist, dispels the gloom surrounding economic theory. It is impossible to confront the subject treated with such humor and verve and come away still believing that economics is the dismal science."—Shirley B. Johnson, American Scholar

Antitrust and the Triumph of Economics

Marc Allen Eisner
Antitrust and the Triumph of Economics Book PDF

Author : Marc Allen Eisner
Publisher : UNC Press Books
Page : 320 pages
File Size : 47,5 Mb
Release : 2017-11-01
Category : Political Science
ISBN : 9781469639772

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Antitrust and the Triumph of Economics by Marc Allen Eisner Pdf

Some of the chief aims of President Ronald Reagan's economic agenda were to reduce the "regulatory burden," minimize state intervention, and reinvigorate market mechanisms. Toward these ends, his administration limited antitrust enforcement to technical cases of price-fixing, invoking the doctrine of the Chicago school of economics. In Antitrust and the Triumph of Economics, Marc Eisner shows that the so-called "Reagan revolution" was but an extension of well-established trends. He examines organizational and procedural changes in the Antitrust Division of the Department of Jusice and the Federal Trade Commission that predated the 1980 election and forced the subsequent redefinition of policy. During their early years, the Antitrust Division and the FTC gave little attention to economic analysis. In the period following World War II, however, economic analysis assumed an increasingly important role in both agencies, and economists rose in status from being members of support staff to being pivotal decision makers who, in effect, shaped the policies for which elected officials were generally assumed to be responsible. In the 1960s and 1970s, critical shifts in prevailing economic theory within the academic community were transmitted into the agencies. This had a profound effect on how antitrust was conceptualized in the federal government. Thus, when Ronald Reagan became president in 1981, the antitrust agencies were already pursuing a conservative enforcement program. Eisner's study challenges dominant explanations of policy change through a focus on institutional evolution. It has important implications for current debates on the state, professionalization, and the delegation of authority. Originally published in 1991. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.

Competition Law and Consumer Protection

Katalin Judit Cseres
Competition Law and Consumer Protection Book PDF

Author : Katalin Judit Cseres
Publisher : Kluwer Law International B.V.
Page : 466 pages
File Size : 50,8 Mb
Release : 2005-01-01
Category : Law
ISBN : 9789041123800

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Competition Law and Consumer Protection by Katalin Judit Cseres Pdf

The assumption that competition law and consumer protection are mutually reinforcing is rarely challenged. The theory seems uncontroversial. However, because a positive interaction between the two is presumed to be self-evident, the frequent conflicts that do in fact arise are often dealt with on an ad hoc basis, with no overarching legal authority. There is a clear need for a detailed and coherent understanding of exactly where the complements and tensions between the two policy areas exist. Dr Cseres in-depth analysis provides that understanding. Proceeding from the dual perspective of law and economics that is, of justice, fairness, and reasonableness on the one hand, and of efficiency of the other she fully considers such underlying issues as the following: the role of competition law and consumer law in a free market economy;the notion of consumer welfare;the effect of the modernisation of EC competition law for consumers;economics theories of information, bounded rationality, and transaction costs;the special significance of vertical agreements and merger control; and,how consumers are affected by information asymmetries. The ultimate focus of the book is on current and emerging EC law, in which a rapprochement between the two areas seems to be under way. Dr. Cseres provides a knowledgeable guide to the various strands of theory, policy, and jurisprudence that (she shows) ought to be taken into account in the process, including schools of thought and law and policy experience in both Europe and the United States. A special chapter on Hungary, where post-1989 law and practice reveal a fresh and distinctly forward-looking understanding of the matter, is one of the book's most extraordinary features. Competition Law and Consumer Protection stands alone as a committed contribution to bridging a gap in legal knowledge the significance of which grows daily. It will be of immeasurable value to a wide range of professionals from academics and researchers to officials, policymakers, and practitioners in competition law, consumer protection advocacy, economic theory and planning, business administration, and various pertinent government authorities.

European Competition Law and Economics

Roger van den Bergh,Peter D. Camesasca
European Competition Law and Economics Book PDF

Author : Roger van den Bergh,Peter D. Camesasca
Publisher : Intersentia nv
Page : 617 pages
File Size : 46,8 Mb
Release : 2001
Category : Antitrust law
ISBN : 9789050951616

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European Competition Law and Economics by Roger van den Bergh,Peter D. Camesasca Pdf

The aim of this book is to explore the economic fundamentals of European competition law.

The Influence of National Competition Policy on the International Competitiveness of Nations

Andreas Mitschke
The Influence of National Competition Policy on the International Competitiveness of Nations Book PDF

Author : Andreas Mitschke
Publisher : Springer Science & Business Media
Page : 285 pages
File Size : 47,9 Mb
Release : 2008-05-05
Category : Political Science
ISBN : 9783790820362

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The Influence of National Competition Policy on the International Competitiveness of Nations by Andreas Mitschke Pdf

This fascinating book offers up a window on one of today’s key areas relating to globalization. The matter in question is to what extent national competition policy has to be regarded as a factor of international competitiveness. Should national antitrust policy be given priority over international antitrust rules?

The Causes and Consequences of Antitrust

Fred S. McChesney,William F. Shughart
The Causes and Consequences of Antitrust Book PDF

Author : Fred S. McChesney,William F. Shughart
Publisher : University of Chicago Press
Page : 396 pages
File Size : 51,5 Mb
Release : 1995-03-15
Category : Business & Economics
ISBN : 0226556344

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The Causes and Consequences of Antitrust by Fred S. McChesney,William F. Shughart Pdf

Why has antitrust legislation not lived up to its promise of promoting free-market competition and protecting consumers? Assessing 100 years of antitrust policy in the United States, this book shows that while the antitrust laws claim to serve the public good, they are as vulnerable to the influence of special interest groups as are agricultural, welfare, or health care policies. Presenting classic studies and new empirical research, the authors explain how antitrust caters to self-serving business interests at the expense of the consumer. The contributors are Peter Asch, George Bittlingmayer, Donald J. Boudreaux, Malcolm B. Coate, Louis De Alessi, Thomas J. DiLorenzo, B. Epsen Eckbo, Robert B. Ekelund, Jr., Roger L. Faith, Richard S. Higgins, William E. Kovacic, Donald R. Leavens, William F. Long, Fred S. McChesney, Mike McDonald, Stephen Parker, Richard A. Posner, Paul H. Rubin, Richard Schramm, Joseph J. Seneca, William F. Shughart II, Jon Silverman, George J. Stigler, Robert D. Tollison, Charlie M. Weir, Peggy Wier, and Bruce Yandle.