IDEAS home Printed from https://ideas.repec.org/a/ucp/jlawec/doi10.1086-701438.html
   My bibliography  Save this article

Trade Openness and Antitrust Law

Author

Listed:
  • Anu Bradford
  • Adam S. Chilton

Abstract

Openness to international trade and adoption of antitrust laws can both curb anticompetitive behavior. But scholars have long debated the relationship between the two. Some argue that greater openness to trade makes antitrust laws unnecessary, while others contend that antitrust laws are still needed to realize the benefits of trade liberalization. Limitations of data have made this debate largely theoretical to date. We study the relationship between trade and antitrust regimes empirically using new data on antitrust laws and enforcement activities. We find that openness to trade and stringency of antitrust laws are positively correlated from 1950 to 2010 overall, but the positive correlation disappears in the early 1990s as a large number of countries adopt antitrust laws. However, we find a positive correlation between openness to trade and resources and activities for antitrust enforcement for both early and late adopters of antitrust regimes during this period.

Suggested Citation

  • Anu Bradford & Adam S. Chilton, 2019. "Trade Openness and Antitrust Law," Journal of Law and Economics, University of Chicago Press, vol. 62(1), pages 29-65.
    • Handle: RePEc:ucp:jlawec:doi:10.1086/701438
    DOI: 10.1086/701438
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/701438
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/701438
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/701438?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Frensch, Richard & Horvath, Roman & Huber, Stephan, 2021. "Openness effects on the rule of law: Size and patterns of trade," International Review of Law and Economics, Elsevier, vol. 68(C).
    2. Anu Bradford & Adam Chilton & Katerina Linos & Alexander Weaver, 2019. "The Global Dominance of European Competition Law Over American Antitrust Law," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 16(4), pages 731-766, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jlawec:doi:10.1086/701438. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JLE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.