Antitrust Law

Scott Gilbert
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Scott Gilbert: Southern Illinois University

Chapter 1 in Multi-Market Antitrust Economics, 2018, pp 3-13 from Palgrave Macmillan

Abstract: Abstract Modern antitrust law seeks to protect consumers from anti-competitive business practices. Goods markets with lots of competition among sellers tend to have lower prices—good for consumers—but good deals tend to be fewer when there are fewer firms. A concentration of market power, among few firms, is anti-competitive if it raises prices faced by consumers. The courts and government agencies that enforce antitrust law must decide what sorts of business practices are significantly anti-competitive. Economic models and analysis play a key role in such decisions, and this book will discuss a variety of economic models in which antitrust issues can be cast.

Keywords: Antitrust; Anti-competitive; Law; Competition; Statute; Monopoly (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:qpochp:978-3-319-69386-6_1

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DOI: 10.1007/978-3-319-69386-6_1

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