The failure to fully internalize externalities from production and consumption, including on future generations, is supposed to be the core of the perceived failure to ensure ecological sustainability within the realm of antitrust enforcement. As policymakers put increasing pressure on...

This paper studies the impact of buyer power on dynamic efficiency. We consider a bargaining model in which buyer power arises endogenously from size and may impact on a supplier's incentives to invest in lower marginal cost. We challenge the view frequently expressed in policy circles that the...