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Political Discretion and Antitrust Policy : Evidence from the Assassination of President Mckinley

Baker, Richard B. - 2018

We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in American history occurred, and his administration did...

Persistent link: https://www.econbiz.de/10012908167

Antitrust and Regulation

Carlton, Dennis W. - 2007

Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …

Persistent link: https://www.econbiz.de/10012777652

The Competition between Competition Rules

Sinn, Hans-Werner - 2021

Open borders imply systems competition. This paper studies the implications of systems competition for the national competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since abolishing this law makes it possible for a single country...

Persistent link: https://www.econbiz.de/10013227744

Antitrust and Competition in Health Care Markets

Gaynor, Martin; Vogt, William B. - 2021

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a brief review of antitrust legislation. We then discuss whether and how health care is different from other industries in ways that might affect the optimality of competition. The...

Persistent link: https://www.econbiz.de/10013224318

Legal Monopoly : Patents and Antitrust Litigation in U.S. Manufacturing, 1970-1998

Khan, B. Zorina - 2022

This paper presents an empirical analysis of the relationship between patenting, innovation, and federal antitrust enforcement towards firms in the manufacturing sector. I examine whether the likelihood of antitrust litigation is influenced by patent histories and R&D expenditures, after...

Persistent link: https://www.econbiz.de/10013323461

U.S. V. Microsoft : Did Consumers Win?

Evans, David A.; Evans, David S.; Nichols, Albert L.; … - 2022

U.S. v. Microsoft and the related state suit filed in 1998 appear finally to have concluded. In a unanimous en banc decision issued in late June 2004, the D.C. Circuit Court of Appeals rejected challenges to the remedies approved by the District Court in November 2002. The wave of follow-on...

Persistent link: https://www.econbiz.de/10014061553

Why We Need to Measure the Effect of Merger Policy and How to Do it

Carlton, Dennis W. - 2010

In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust policy towards mergers. I then discuss the types of data that one must collect in order to be able to perform an analysis of the effectiveness of antitrust policy. There are two...

Persistent link: https://www.econbiz.de/10012757872

Antitrust

Kaplow, Louis - 2010

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10012760415

The Rise of the Regulatory State

Glaeser, Edward L.; Shleifer, Andrei - 2021

During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as … enforcement strategy between litigation and regulation based on the idea that justice can be subverted with sufficient expenditure … environment of significant inequality of wealth and political power. The switch to regulation can then be seen as an efficient …

Persistent link: https://www.econbiz.de/10013246364

How to Auction an Essential Facility When Underhand Integration is Possible

Engel, Eduardo; Galetovic P., Alexander; Fischer, Ronald - 2021

There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...

Persistent link: https://www.econbiz.de/10013235272