Cover -- Title Page -- Copyright -- Dedication -- Contents -- Introduction -- I. The Market Power Paroxysm and the Antitrust Paradigm -- 1. Market Power in an Era of Antitrust -- 2. The Faltering Political Consensus Supporting Antitrust -- 3. Preventing the Political Misuse of Antitrust -- 4....

This paper provides evidence of the necessity and success of antitrust enforcement. It begins with examples of socially beneficial antitrust challenges by the federal antitrust agencies to price-fixing and other forms of collusion; to mergers that appear likely to harm competition; and to...

Economic inequality recently has entered the political discourse in a highly visible way. This political impact is not a surprise. As the U.S. economy has begun to recover from the Great Recession since mid-2009, economic growth has effectively been appropriated by those already well off,...

This handbook chapter appears in Antitrust Law & Economics (Keith Hylton, ed. 2010). It describes the role of market concentration in the legal framework for the antitrust review of horizontal mergers and evaluates the extent to which modern economic analysis supports a role for concentration in...