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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/10012480888

Antitrust Enforcement Increases Economic Activity

Babina, Tania; Barkai, Simcha; Jeffers, Jessica; … - National Bureau of Economic Research - 2023

We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we compare the economic outcomes of a non-tradable industry in states...

Persistent link: https://www.econbiz.de/10014337831

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/10012465754

The Competition Between Competition Rules

Sinn, Hans-Werner - 1999

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/10012471517

The Political Economy of the Decline of Antitrust Enforcement in the United States

Lancieri, Filippo Maria; Posner, Eric A.; Zingales, Luigi - National Bureau of Economic Research - 2022

Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue that this decline did not reflect a popular demand for weaker enforcement or any other kind of democratic sanction. The decline was engineered by unelected regulators and judges...

Persistent link: https://www.econbiz.de/10013361981

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

Carlton, Dennis W. - 2009

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/10012463928

Antitrust

Kaplow, Louis - 2007

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/10012465789

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

Evans, David S. - 2005

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/10012466945

Antitrust and Competition in Health Care Markets

Gaynor, Martin - 1999

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/10012471682

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

Khan, B. Zorina - 1999

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/10012471728