The antitrust enterprise : principle and execution
After thirty years, the debate over antitrust's ideology has quieted. Most now agree that the protection of consumer welfare should be the only goal of antitrust laws. Execution, however, is another matter. The rules of antitrust remain unfocused, insufficiently precise, and excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more heavily than principles. At bottom, antitrust is a defensible enterprise only if it can make the microeconomy work better, after accounting for the considerable costs of operating the system. This book is the first authoritative and compact exposition of antitrust law since Robert Bork's classic The Antitrust Paradox was published more than thirty years ago. It confronts not only the problems of poorly designed, overly complex, and inconsistent antitrust rules but also the current disarray of antitrust's rule of reason, offering a coherent and workable set of solutions. The result is an antitrust policy that is faithful to the consumer welfare principle but that is also more readily manageable by the federal courts and other antitrust tribunals
1 online resource (vi, 368 pages) : illustrations
9780674027411, 9780674038820, 0674027418, 0674038827
655704760
Limits and possibilities
The legal and economic structure of the antitrust laws
The design of antitrust rules
The promises and hazards of private antitrust enforcement
Expert testimony and the predicament of antitrust fact finding
Traditional antitrust rules
Unreasonable exercises of market power
Combinations of competitors
Dominant firms and exclusionary practices
Antitrust and distribution
The national policy on business mergers
Regulation, innovation, and connectivity
Antitrust under regulation and deregulation
The conflict between antitrust and intellectual property rights
Network industries and computer platform monopoly
In English
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