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Behavioral Antitrust

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  • Stephen Martin

Abstract

In this chapter, I review the rational economic man model and con- trast it with evidence of bounded rationality that has emerged since the last quarter of the previous century. I discuss the implications of bounded rationality for research in industrial economics, with par- ticular attention to the analysis of predation, collusion, and entry. I conclude by drawing implications for the antitrust rules toward domi- nant ?rm behavior that come out of the Matsushita and Brooke Group decisions.

Suggested Citation

  • Stephen Martin, 2017. "Behavioral Antitrust," Purdue University Economics Working Papers 1297, Purdue University, Department of Economics.
  • Handle: RePEc:pur:prukra:1297
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    References listed on IDEAS

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    More about this item

    Keywords

    behavioral economics; antitrust; predation; collusion; entry.;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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