Intro -- Table of Contents -- Acknowledgments -- Introduction -- Part One The Definition of Economic Efficiency -- Chapter 1: The Correct Definition of the Impact of a Choice on Economic (Allocative) Efficiency -- Chapter 2: A Critique of the Definitions of and Tests for Economic Efficiency That...

This book is Volume I of a two-volume set on antitrust policy, analyzing the economic efficiency and moral desirability of various tests for antitrust legality, including those promulgated by US and EU antitrust law. The overall study consists of three parts. Part I (Chapters 1-8) introduces...

This book is Volume II of a two-volume set on antitrust policy, analyzing the economic efficiency and moral desirability of various kinds of antitrust-policy-coverable conduct and various possible government responses to such conduct, including US and EU antitrust law. The overall study consists...

Foreword to the Two-Volume Series -- Introduction to This Study -- Introduction to Part I: Basic Concepts and Approaches -- Chapter 1: The “Correct” Definition of “the Impact of a Choice on Economic Efficiency” -- Chapter 2: The Components of the Difference Between a Firm’s Price and...

Introduction to This Study: This Study’s Coverage and Distinctive Features -- Chapter 12: Horizontal Mergers and Acquisitions -- Chapter 13: Conglomerate Mergers and Acquisitions -- Chapter 14: Vertical Mergers and the Pricing Techniques, Contract-of-Sale Provisions, and Sales-Policies That...

After operationalizing the concept of "the effect of a choice on economic efficiency," this Article explains the basis of its author's conclusion that ours is a liberal, rights-based society as well as the implications of that conclusion for the structure and content of the analysis of moral...

Politicians and most economists seem to assume that from the perspective of allocative (economic) efficiency we currently devote too few resources to real investment in general and R&D in particular. They therefore support antitrust, tax, tort-law, and "innovation-law" policies that will tend to...

The "comparative negligence" doctrine provides that tort-law-covered losses that have been proximately caused by an injurer's negligence and a victim's contributory negligence are to be divided between them proportionate to their "fault." This Article analyzes the allocative efficiency and...

This Reply responds to various standard arguments economists have made in an attempt to justify their continued use of first-best allocative-efficiency analysis in the face of Second-Best Theory's demonstration that, in our Pareto-imperfect world, all arguments based on first-best analysis are...

This Article exemplifies third-best-allocative-efficiency analysis by showing the way in which the allocative (economic) efficiency of shifting from negligence to strict liability will be influenced by the fact that a wide variety of Pareto imperfections will generate divergences between the...