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falsely defined antitrust's consumer welfare goal according to the strictures of neoclassical price theory, while ignoring …Commentators regularly criticize antitrust for its wobbly intellectual foundations and ineffectual results. To address … this malaise, this Article attempts a new path: a systemic deconstruction of antitrust, followed by a reconstruction of the …
Persistent link: https://www.econbiz.de/10014070494
the 1977 landmark case of Sylvania and its possible influence on China's antitrust enforcement on vertical restraints … (per se versus rule of reason) toward vertical restraints. But from an overview of China's recent antitrust cases, we find …
Persistent link: https://www.econbiz.de/10012968281
We focus on the question of why firms self-regulate to avoid more severe public regulation in the area of antitrust … compliance. We distinguish the effects of an antitrust authority's outreach and enforcement on firms' adoption of antitrust … compliance programs. Furthermore, we examine the mechanism that may drive an antitrust authority's actions on firms' decisions to …
Persistent link: https://www.econbiz.de/10012844429
Persistent link: https://www.econbiz.de/10012845039
This comment is submitted by the Global Antitrust Institute (GAI) at the Antonin Scalia Law School, George Mason …
Persistent link: https://www.econbiz.de/10012846445
Since the publication of Robert Bork's The Antitrust Paradox, lawyers, judges, and many economists have defended … “Consumer welfare” (CW) as a standard for decisions about antitrust goals and enforcement priorities. This paper argues that the … CW is actually an empty concept and is an inappropriate goal for antitrust. Welfare economists concede that there is no …
Persistent link: https://www.econbiz.de/10012846917
insurmountable barrier to entry. This led to calls for greater antitrust enforcement and regulation of big data practices. Since that … appropriate to revisit our understanding of big data's implications for antitrust. This paper contributes to the discussion by … far, big data alone has not fueled a theory of harm that has led to an agency challenge in the U.S. or Europe. All these …
Persistent link: https://www.econbiz.de/10012848127
Antitrust law is undergoing a transformation that is detrimental to the interest of the general public. “Romantics” are … taking over antitrust law—a fact evinced by recent public outreach instruments. This transformation is grounded in populist … opportunities antitrust authorities' top officials to benefit their own interests at the expense of the public. Presently, nothing …
Persistent link: https://www.econbiz.de/10012849113
willingness to pay for new technologies falls abruptly, diminishing private returns on future innovations. We consider antitrust …
Persistent link: https://www.econbiz.de/10012849917
America's failing antitrust system is, in large part, to blame for today's market power problem. Lax antitrust law and … antitrust laws, namely to protect competition wherever in the economy it has been compromised, including throughout supply … consolidation, the antitrust rules must be updated and strongly enforced. The paper provides a progressive blueprint for a robust 21 …
Persistent link: https://www.econbiz.de/10012850758