The Causes And Consequences Of Antitrust

Author : Fred S. McChesney,William F. Shughart
Publisher : University of Chicago Press
Page : 426 pages
File Size : 51,5 Mb
Release : 1995-03-15
Category : Business & Economics
ISBN : 0226556352

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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.

Author : Robert Bork
Publisher : Unknown
Page : 536 pages
File Size : 47,6 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.

Author : Einer Elhauge
Publisher : Edward Elgar Publishing
Page : 425 pages
File Size : 44,6 Mb
Release : 2012
Category : Law
ISBN : 9780857938091

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Research Handbook on the Economics of Antitrust Law by Einer Elhauge Pdf

One might mistakenly think that the long tradition of economic analysis in antitrust law would mean there is little new to say. Yet the field is surprisingly dynamic and changing. The specially commissioned chapters in this landmark volume offer a rigorous analysis of the field's most current and contentious issues. Focusing on those areas of antitrust economics that are most in flux, leading scholars discuss topics such as: mergers that create unilateral effects or eliminate potential competition; whether market definition is necessary; tying, bundled discounts, and loyalty discounts; a new theory of predatory pricing; assessing vertical price-fixing after Leegin; proving horizontal agreements after Twombly; modern analysis of monopsony power; the economics of antitrust enforcement; international antitrust issues; antitrust in regulated industries; the antitrust-patent intersection; and modern methods for measuring antitrust damages. Students and scholars of law and economics, law practitioners, regulators, and economists with an interest in industrial organization and consulting will find this seminal Handbook an essential and informative resource.

Author : United States. Department of Justice
Publisher : Unknown
Page : 40 pages
File Size : 51,8 Mb
Release : 1995
Category : Antitrust law
ISBN : PURD:32754066024138

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Antitrust Enforcement Guidelines for International Operations by United States. Department of Justice Pdf

Author : Charles Rowley,Friedrich Schneider
Publisher : Springer Science & Business Media
Page : 1105 pages
File Size : 50,5 Mb
Release : 2008-01-25
Category : Business & Economics
ISBN : 9780306478284

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The Encyclopedia of Public Choice by Charles Rowley,Friedrich Schneider Pdf

The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

Author : Albert Sánchez Graells
Publisher : Bloomsbury Publishing
Page : 480 pages
File Size : 40,6 Mb
Release : 2011-01-29
Category : Law
ISBN : 9781782253594

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Public Procurement and the EU Competition Rules by Albert Sánchez Graells Pdf

Shortlisted for the 2012 Prix Vogel in Economic Law. Public procurement and competition law are both important fields of EU law and policy, intimately intertwined in the creation of the internal market. Hitherto their close connection has been noted, but not closely examined. This new work is the most comprehensive attempt to date to explain the many ways in which these fields, often considered independent of one another, interact and overlap in the creation of the internal market. In this process of convergence between competition and public procurement law , the need for this joint study is clearly apparent. As such the book asks whether competition law principles inform or condition public procurement rules, and whether they are adequate to ensure that competition is not distorted in markets where public procurement is particularly significant. The book moves away from the classical focus of public procurement on the activities of private actors, developing instead an analytical framework for the appraisal of the market behaviour of the public buyer from a competition perspective. The analysis is both legal and economic. Proceeding through a careful assessment of the general rules of competition and public procurement, the book constantly tests the efficacy of the rules in competition and public procurement against a standard of the proper functioning of undistorted competition in the market for public procurement.

Author : Lawrence R. Klein,Viktoria Dalko,Michael H. Wang
Publisher : John Wiley & Sons
Page : 403 pages
File Size : 40,8 Mb
Release : 2012-04-25
Category : Business & Economics
ISBN : 9781118236864

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Regulating Competition in Stock Markets by Lawrence R. Klein,Viktoria Dalko,Michael H. Wang Pdf

A guide to curbing monopoly power in stock markets Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective. Happiness is lost because of emotional and physical health deterioration resulting from the crisis. Therefore, the authors conclude that financial crisis prevention should be the focus of public policy. This book is the most comprehensive study so far on potential risks to the stock market, especially various forms of market manipulation that lead to mania and eventual crisis. Based on litigation cases from international stock markets, and borrowing multidisciplinary findings in the fields of finance, economics, accounting, media studies, criminology, legal studies, psychology, and medicine, this book is the first to provide thorough micro-level regulatory proposals rooted in financial reality. By focusing on securities trading, they apply antitrust measures to limiting monopolistic power that is used for the manipulation of investors' perception and monopolistic profit. These proposals are quantifiable, adjustable, inexpensive, and can be easily implemented by any securities regulating agency for real-time oversight and daily operations. The recommendations found here are intended to improve the fairness and transparency of the financial markets, thereby perfecting the market competition, protecting investors, stabilizing the market, and preventing crises Explores how avoiding crises can to contribute to a more scientific, health aware, and civilized economic and social development Written by a team of authors who have extensive experience in this dynamic field, including Nobel Laureate Lawrence R. Klein Since the founding of the first, organized stock exchange in Amsterdam 400 years ago, no systematic economic research results on stock markets have been implemented in stock market regulation around the world. Regulating Competition in Stock Markets aims to fill this void.

Author : Jens Meierhenrich,Devin Owen Pendas
Publisher : Cambridge University Press
Page : 451 pages
File Size : 52,7 Mb
Release : 2016
Category : Law
ISBN : 9781107079465

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Political Trials in Theory and History by Jens Meierhenrich,Devin Owen Pendas Pdf

This book presents an empirically rigorous and theoretically sophisticated account of political trials.

Author : Anu Bradford
Publisher : Oxford University Press
Page : 368 pages
File Size : 45,6 Mb
Release : 2020-01-27
Category : Law
ISBN : 9780190088606

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The Brussels Effect by Anu Bradford Pdf

For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.

Author : Eric A. Posner
Publisher : Oxford University Press
Page : 225 pages
File Size : 52,9 Mb
Release : 2021
Category : LAW
ISBN : 9780197507629

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How Antitrust Failed Workers by Eric A. Posner Pdf

"Antitrust law has very rarely been used by workers to challenge anticompetitive employment practices. Yet recent empirical research shows that labor markets are highly concentrated, and that employers engage in practices that harm competition and suppress wages. These practices include no-poaching agreements, wage-fixing, mergers, covenants not to compete, and misclassification of gig workers as independent contractors. This failure of antitrust to challenge labor-market misbehavior is due to a range of other failures-intellectual, political, moral, and economic. And the impact of this failure has been profound for wage levels, economic growth, and inequality. In light of the recent empirical work, it is urgent for regulators, courts, lawyers, and Congress to redirect antitrust resources to labor market problems. This book offers a strategy for judicial and legislative reform"--

Author : Adi Ayal
Publisher : Bloomsbury Publishing
Page : 235 pages
File Size : 40,5 Mb
Release : 2014-12-01
Category : Law
ISBN : 9781782254027

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Fairness in Antitrust by Adi Ayal Pdf

What drives popular support for state-enforced competition policy? What is it about antitrust law that garners approval from both the public and courts, to the point of demonizing large firms convicted of antitrust offenses? In this book Adi Ayal argues that the populist roots of antitrust are still with us, guiding sentiment towards a legal regime that has otherwise shifted towards economic analysis. Antitrust is very much about fairness and morality; this book assesses how modern policy has hijacked popular support - based on traditional conceptions of political and economic power - to combat market power in narrowly defined micro-markets. Beginning with history, but delving into moral and political philosophy, Professor Ayal shows how arguments concerning fairness in antitrust apply both to monopolists and their victims. Fairness thus requires a balancing test based on context and respecting the rights of all parties involved. While traditionally fairness arguments were used to justify intervention where economic analysis did not, this book assesses them from first principles, to show that pure efficiency analysis is flawed from a moral standpoint when the state intervenes. Protecting weak consumers from strong monopolists may carry rhetorical weight, but the reality of antitrust is that the state is much more powerful than almost all firms it regulates. Protecting the strong from the weak, especially when 'weak' consumers hold legal power and influence, might very well be a moral imperative. This book offers a philosophical account of the conundrum facing competition policy which challenges widely-held yet often implicit and unfounded beliefs.

Author : Maria Fernanda Caporale Madi
Publisher : Kluwer Law International B.V.
Page : 224 pages
File Size : 44,9 Mb
Release : 2020-10-09
Category : Law
ISBN : 9789403526515

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Regulating Vertical Agreements by Maria Fernanda Caporale Madi Pdf

Vertical agreements represent a variety of supply and distribution contracts involving different market players, such as suppliers of diverse inputs, manufacturers, distributors and retailers. They gain particular significance in a global economy where technological advances are dynamic and are changing all the time. Such agreements are signed among businesspeople on a daily basis, and antitrust experts around the world are often asked to advise on whether they have any negative impact on competition or whether they infringe antitrust law. Taking into consideration the complex economic impacts of these vertical alliances, and the different market conditions that firms face in a wide variety of situations, the author proposes an in-depth examination of the following topics: resale price-fixing; geo-blocking clauses; exclusive and selective distribution systems; the concept of ‘economic efficiency’ in the context of vertical restraints; self-assessment of potential anticompetitive effects and antitrust risks; ex post control of vertical restraints; digital economies and its policy impact; alternative enforcement models under various institutional frameworks; the role and influence of political pressure groups. The book offers very constructive theoretical and political insights at the frontier between the disciplines of Economics and Law. By comparing two world’s leading antitrust jurisdictions, this book explores the lessons to be learned from the legal rules in the European Union and in Brazil, considering their promises and drawbacks, and formulates policy recommendations.

Author : Reza R. Dibadj
Publisher : State University of New York Press
Page : 238 pages
File Size : 47,5 Mb
Release : 2012-02-01
Category : Law
ISBN : 9780791481097

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Rescuing Regulation by Reza R. Dibadj Pdf

The traditional debate on governmental regulation has run its course, with economically minded analysts pointing to regulation's inefficiency while those focused on justice purposefully avoid the economic paradigm to defend regulation's role in protecting consumers, workers, and society's disadvantaged. In Rescuing Regulation, Reza R. Dibadj challenges both camps. He squarely addresses the shortcomings of the conventional economic critique that portrays regulation as a waste, and also confronts those focused on justice to marshal economic arguments for public intervention against social inequities and abusive market behavior. Providing novel answers to the questions of why and how to regulate, Dibadj contends that the law and economics paradigm must not remain an apologist for laissez-faire public policy. He also demonstrates how incorporating the latest economics and revamping institutions can help improve our public agencies. Rescuing Regulation not only suggests ways to develop public institutions reflective of a democracy, but also broadly outlines how social science can inform normative legal discourse.

Author : Manfred Neumann,Jürgen Weigand
Publisher : Edward Elgar Publishing
Page : 431 pages
File Size : 43,6 Mb
Release : 2013-01-01
Category : Law
ISBN : 9781849806060

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The International Handbook of Competition by Manfred Neumann,Jürgen Weigand Pdf

ÔThis comprehensive Handbook demonstrates that academic thinking, new and old, has a role to play in shaping modern competition policy.Õ Ð Gunnar Niels, Oxera This indispensable Handbook examines the interface of competition policy, competition law and industrial economics. The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence and standards of legal evaluation with respect to monopolization of markets, exploitation of market power and mergers, among other issues. The International Handbook of Competition Ð Second Edition will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants, and business executives.

Author : Colin Robinson,Institute of Economic Affairs (Great Britain),London Business School
Publisher : Edward Elgar Publishing
Page : 259 pages
File Size : 42,6 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9781845426835

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Governments, Competition and Utility Regulation by Colin Robinson,Institute of Economic Affairs (Great Britain),London Business School Pdf

The book is written by a group of academic researchers and practitioners and, as such, provides insightful analyses from both theoretical as well as practical perspectives. It will be of value to policymakers, industry stakeholders, and regulators who are interested in utility regulation and policies to foster a competitive market environment. International Energy Law and Taxation Review Governments, Competition and Utility Regulation continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy. The book contains incisive chapters on competition policy and trade, antitrust and consumer welfare, merger control and efficiency, emissions trading, Ofcom and convergence, energy regulation and competition, regulating the London Underground, the future of water regulation and European merger control. Chapters on each topic are followed by comments from regulators, competition authority chairmen and other experts in the relevant fields. The book provides analysis of and commentaries on the most significant developments in regulation and competition policy, drawing on experiences in Britain, the United States and the European Union, as well as in international trade negotiations. It will be of value to practitioners, policymakers and academics who are concerned with regulation, deregulation and policies to promote competition.