Manne, Geoffrey A.; Wright, Joshua D. - 2012
This paper offers an opportunity to reflect on Frank Easterbrook’s seminal work on the Limits of Antitrust and to … discuss its particular relevance to the problem of antitrust enforcement in the face of innovation. The error-cost framework … in antitrust originates with Easterbrook’s analysis, itself built on twin premises: first, that false positives are more …