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Antitrust economic analysis in food marketing channels: a global perspective

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  • Ronald W. Cotterill

Abstract

Antitrust enforcement concerning monopolies, mergers, and cartels is converging across all market‐oriented economies in the world. This convergence is based upon neoclassical economic analysis of industrial organization. The role of empirical economic analysis, however, has not converged as rapidly as the conceptual model because different countries have different enforcement institutions and strategies. This article explains how antitrust enforcement has evolved over time from public agencies to a market for enforcement that admits private parties. Private party law suits, and especially class action law suits on behalf of groups such as farmers and consumers, is a mechanism for redressing the often superior legal and economic resources that defendant corporations have and public agencies do not have. Enforcement and the role of empirical analysis are compared in the United States and other countries. Examples of enforcement from different countries illustrate the strengths and weaknesses of different approaches. Finally, some insights explain how economists function in enforcement and the attributes required for success.

Suggested Citation

  • Ronald W. Cotterill, 2010. "Antitrust economic analysis in food marketing channels: a global perspective," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 83-91, November.
    • Handle: RePEc:bla:agecon:v:41:y:2010:i:s1:p:83-91
    DOI: 10.1111/j.1574-0862.2010.00491.x
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    References listed on IDEAS

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    1. Cotterill, Ronald W & Haller, Lawrence E, 1992. "Barrier and Queue Effects: A Study of Leading U.S. Supermarket Chain Entry Patterns," Journal of Industrial Economics, Wiley Blackwell, vol. 40(4), pages 427-440, December.
    2. Cotterill, Ronald W., 1998. "Estimation of Cost Pass Through to Michigan Consumers in the ADM Price Fixing Case," Research Reports 25148, University of Connecticut, Food Marketing Policy Center.
    3. Ronald Cotterill & Leonard Egan & William Buckhold, 2001. "Beyond Illinois Brick: The Law and Economics of Cost Pass-Through in the ADM Price Fixing Case," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(1), pages 45-52, February.
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    6. Ronald W. Cotterill & Lawrence E. Haller, 1997. "An Econometric Analysis of the Demand for RTE Cereal: Product Market Definition and Unilateral Market Power Effects," Food Marketing Policy Center Research Reports 035, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
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    11. Lawrence E. Haller & Ronald W. Cotterill, 1996. "Evaluating Traditional Share-Price and Residual Demand Measures of Market Power in the Catsup Industry," Food Marketing Policy Center Research Reports 031, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    12. George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59(3), pages 185-185.
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