Antitrust and Competition Policy

By: Andrew N. Kleit (Editor)

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Hardcover | 1 January 2005

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672 Pages

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The antitrust litigation process is, to a large and perhaps surprising degree, driven by the underlying economic literature. The articles in this volume have been chosen to provide a sense of both the history and the current state of thinking about antitrust. The opening section considers the flaws in the 1960s view on monopoly. Part II then examines economic thinking with respect to mergers. The next three sections contain selections on three specific sets of practices that have been frequent targets of antitrust scrutiny. Part VI examines perspectives on exclusionary behavior. Part VII studies the literature on network externalities. The final part explores works in the area of bureaucracy and politics. This insightful volume will be a valuable source of reference for both economists and lawyers concerned with antitrust and competition issues. 29 articles, dating from 1958 to 2001

Industry Reviews

'It is most welcome to see classic law and economics pieces by Harold Demsetz, Oliver Williamson, Lester Telser, George Stigler and other giants of the field together in one volume along with newer and more enforcement oriented voices. . . Antitrust and Competition Policy fills and important need for both attorneys and economists in their continuing collaboration in the competition field. . . provides a comprehensive collection of the major voices and views that have shaped our profession over the past 50 years.' -- Spencer Weber Waller, World Competition

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Non-Fiction Business & Management Business Strategy Law Laws of Specific Jurisdictions Company Law Commercial Law Business Competition Industry & Industrial Studies Competition Law & Antitrust Law

Introduction
Two systems of belief about monopoly	p. 3
On the misuse of accounting rates of return to infer monopoly profits	p. 24
Economics as an antitrust defense : the welfare tradeoffs	p. 43
The problem of geographic market delineation in antimerger suits	p. 62
Merger analysis, industrial organization theory, and merger guidelines	p. 99
Focusing market definition : how much substitution is necessary?	p. 134
Estimating the residual demand curve facing a single firm	p. 154
The effects of mergers in differentiated products industries : logit demand and merger policy	p. 172
A theory of oligopoly	p. 195
An empirical survey of price fixing conspiracies	p. 213
Most-favored-customer pricing and tacit collusion	p. 239
Why should manufacturers want fair trade?	p. 253
Vertical restraints as contract enforcement mechanisms	p. 273
Predatory price cutting : the Standard Oil (N.J.) case	p. 309
Injury to competition : the law's basic theories	p. 342
Predation, reputation, and entry deterrence	p. 370
Cost-raising strategies	p. 405
Understanding "raising rivals' costs"	p. 421
Equilibrum vertical foreclosure	p. 440
Equilibrium vertical foreclosure : comment	p. 456
Contracts as a barrier to entry	p. 460
Are vertical restraints pro- or anticompetitive? : lessons from Interstate Circuit	p. 474
Network externalities, competition, and compatibility	p. 505
Clio and the economics of QWERTY	p. 522
The fable of the keys	p. 528
Use of antitrust to subvert competition	p. 555
Is the theory behind U.S. v. AT&T applicable today?	p. 574
Bureaucracy and politics in FTC merger challenges	p. 602
Fight, fold or settle? : modelling the reaction to FTC merger challenges	p. 622
Table of Contents provided by Blackwell. All Rights Reserved.

Antitrust and Competition Policy

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