Old lady charm: a comment

Rodolfo Signorino

MPRA Paper from University Library of Munich, Germany

Abstract: I start from Nicola Giocoli’s acute rational reconstruction of current US antitrust debate which shows that there really is no shortage of plausible explanations to the Chicago persistent appeal puzzle. Each explanation, taken in isolation, is, at best, only partial. In my view, the persistent appeal of Chicago antitrust owes much to the enduring grip of the equilibrium end-state notion of competition within top US Economics Departments and to the (alleged) resilience of market competition, absent entry/exit barriers, in the face of Type II Errors committed by antitrust Agencies.

Keywords: Chicago school of law and economics; Type I and Type II Errors; entry barriers and horizontal merger regulation (search for similar items in EconPapers)
JEL-codes: D40 L4 (search for similar items in EconPapers)
Date: 2012-06-04
New Economics Papers: this item is included in nep-com and nep-hpe
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