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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …

Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to … clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust … just as relevant for antitrust analysis as the direct cost of a machine or a factory. …

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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …

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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …

control in antitrust policy, the regulation of non-competition agreements, and minimum wages. Monopsony power helps explain … how mergers and noncompetition agreements can lower wages, and how minimum wages can increase employment. Overall, the …