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Antitrust Perspectives for Durable-Goods Markets

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Author Info
Michael Waldman ()

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Abstract

Markets for durable goods constitute an important part of the economy. In this paper I first briefly review the microeconomic theory literature on durable-goods markets, focusing mostly on the last ten years. I then discuss a number of my own recent analyses concerning optimal antitrust policy in durable-goods markets that mostly build on ideas in the larger literature. Specific topics covered include: (i) optimal antitrust policy for durable-goods mergers; (ii) practices that eliminate secondhand markets; (iii) tying in markets characterized by upgrades and switching costs; and (iv) antitrust policy for aftermarket monopolization in durable-goods markets.

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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 1306.

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Date of creation: 2004
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Handle: RePEc:ces:ceswps:_1306

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L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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