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Antitrust

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  • Kaplow, Louis
  • Shapiro, Carl

Abstract

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of current economic knowledge and use that knowledge to critically assess central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics where further analytical and empirical exploration would be useful.

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This chapter was published in:
  • A. Mitchell Polinsky & Steven Shavell (ed.), 2007. "Handbook of Law and Economics," Handbook of Law and Economics, Elsevier, edition 1, volume 2, number 2.
    • This item is provided by Elsevier in its series Handbook of Law and Economics with number 2-15.
    Handle: RePEc:eee:lawchp:2-15
    Contact details of provider: Web page: http://www.elsevierdirect.com/product.jsp?isbn=9780444512352

    Keywords: antitrust; competition policy; monopoly; market power; market definition; oligopoly; collusion; cartels; price-fixing; facilitating practices; mergers; horizontal mergers; unilateral effects; coordinated effects; monopolization; exclusionary practices; predatory pricing; exclusive dealing;

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    • K - Law and Economics

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    Cited by:

    1. Mikko Packalen, 2011. "Market Share Exclusion," Working Papers 1103, University of Waterloo, Department of Economics, revised Aug 2011.
    2. Russell Pittman, 2007. "Consumer Surplus as the Appropriate Standard for Antitrust Enforcement," EAG Discussions Papers 200709, Department of Justice, Antitrust Division.

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