How Many Cheers for Antitrust 100 Years

Harold Demsetz

Ekonomicheskaya Politika / Economic Policy, 2010, vol. 4, 189-202

Abstract: This article describes the ambiguity inherent is US antitrust policy, arguing it is necessary consequence of the true, but not commonly understood, task of antitrust policy. Competition is multidimensional in form, and its different dimensions cannot be maximized together. Therefore, antitrust policy cannot maximize competition per se, but aims to achieve an efficient mix of competitive forms. Inadequate knowledge of the technical and preference tradeoffs involved guarantees that question about appropriate competitive mix will remain open to debate.

Keywords: antitrust policy; competition; 100 years of antitrust (search for similar items in EconPapers)
Date: 2010
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Journal Article: How Many Cheers for Antitrust's 100 Years? (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:1043

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