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Antitrust Perspectives for Durable-Goods Markets

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  • Michael Waldman

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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  • Michael Waldman, 2004. "Antitrust Perspectives for Durable-Goods Markets," CESifo Working Paper Series 1306, CESifo.
    • Handle: RePEc:ces:ceswps:_1306
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    2. Sagasta, Amagoia & Saracho, Ana I., 2008. "Mergers in durable goods industries," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 691-701, December.

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