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Lack of Market Power as a Condition of Exemption from Antitrust Prosecution

Valeriy Kizilov ()
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Valeriy Kizilov: NRU HSE

Ekonomicheskaya Politika / Economic Policy, 2011, vol. 1, 6 pages

Abstract: The article examines the proposed F. Easterbrook criterion according to which no firm has market power (understood as the ability to raise prices without further reducing the profit) — a sufficient condition, so as not to entertain antitrust suits against this company. The theoretical and practical problems of application of this criterion, proposed an alternative.

Keywords: antitrust; law and economics; market power (search for similar items in EconPapers)
Date: 2011
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