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Antitrust

Louis Kaplow and Carl Shapiro

Chapter 15 in Handbook of Law and Economics, 2007, vol. 2, pp 1073-1225 from Elsevier

Abstract: This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of current economic knowledge and use that knowledge to critically assess central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics where further analytical and empirical exploration would be useful.

Keywords: antitrust; competition policy; monopoly; market power; market definition; oligopoly; collusion; cartels; price-fixing; facilitating practices; mergers; horizontal mergers; unilateral effects; coordinated effects; monopolization; exclusionary practices; predatory pricing; exclusive dealing (search for similar items in EconPapers)
JEL-codes: K (search for similar items in EconPapers)
Date: 2007
ISBN: 978-0-444-53120-9
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Working Paper: Antitrust (2007) Downloads
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