International Trade

Scott Gilbert
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Scott Gilbert: Southern Illinois University

Chapter 5 in Multi-Market Antitrust Economics, 2018, pp 83-111 from Palgrave Macmillan

Abstract: Abstract Competition, and market concentration, are key themes in antitrust economics. A lack of competition, or excess of concentration, can have anti-competitive effects, lowering the amount of goods available to consumers while raising prices. In the case of mergers, a merger of pure duopoly firms into a single firm is anti-competitive, under the assumptions maintained in Chap. 4 , as is a merger of monopolies in industries that produce goods which consumers regard as substitutes. But a merger of monopolies in industries producing complement goods, or vertically linked goods, can be pro-competitive, raising output and lowering price. Sometimes, an increase in market concentration benefits consumers.

Keywords: Production possibilities; Efficiency; Fairness; Specialization; Coordinated production; Comparative advantage (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-69386-6_5

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