Since Judge Hand\u27s pivotal opinion in United States v. Aluminum Company of America (Alcoa), the possession of monopoly power has been treated as presumptively legal. The focus of the antitrust laws since then has been on defining when that power is abused. This approach to market power cannot be squared with the prevailing view that antitrust law is grounded in economic theory. To understand why, one must see market power for what it is: the ability of a firm to raise prices above competitive levels and to profitably keep them there. Seen in this light, market power is indistinguishable from any other income generating asset. It can be bought and sold. Its ownership may be the result of an extended period of risk-taking and investment, o...
Transaction cost economics ( TCE ) has radically altered industrial organization\u27s explanation fo...
The objective of this paper is to survey the recent developments in economic theories of buyer power...
The focus of modern applications of economic reasoning to antitrust concerns has been on the more su...
Since Judge Hand\u27s pivotal opinion in United States v. Aluminum Company of America (Alcoa), the p...
The concept of market power is at the core of antitrust. Philosophically, antitrust policy is aimed ...
This article seeks an answer to a question that should be well settled: for purposes of antitrust an...
With many antitrust prohibitions, the existence of a violation depends upon whether the defendant po...
The antitrust laws of the United States have, from their inception, allowed firms to acquire signifi...
Antitrust regulation was established in the United States in response to growing public concern abou...
Published 21 April 2023Antitrust laws are concerned with controlling market power. Yet, substantial ...
The requirement that an antitrust plaintiff show market power in rule of reason cases has an uninspi...
Antitrust is back on the national agenda. The Democratic Party, leading Senators, progressive organi...
There are two very different sources of market power in antitrust cases. The first is traditional ma...
Market power – how it arises, and how it is measured – is an important topic for the eco...
Antitrust laws are concerned with controlling market power. In the course of history, the developmen...
Transaction cost economics ( TCE ) has radically altered industrial organization\u27s explanation fo...
The objective of this paper is to survey the recent developments in economic theories of buyer power...
The focus of modern applications of economic reasoning to antitrust concerns has been on the more su...
Since Judge Hand\u27s pivotal opinion in United States v. Aluminum Company of America (Alcoa), the p...
The concept of market power is at the core of antitrust. Philosophically, antitrust policy is aimed ...
This article seeks an answer to a question that should be well settled: for purposes of antitrust an...
With many antitrust prohibitions, the existence of a violation depends upon whether the defendant po...
The antitrust laws of the United States have, from their inception, allowed firms to acquire signifi...
Antitrust regulation was established in the United States in response to growing public concern abou...
Published 21 April 2023Antitrust laws are concerned with controlling market power. Yet, substantial ...
The requirement that an antitrust plaintiff show market power in rule of reason cases has an uninspi...
Antitrust is back on the national agenda. The Democratic Party, leading Senators, progressive organi...
There are two very different sources of market power in antitrust cases. The first is traditional ma...
Market power – how it arises, and how it is measured – is an important topic for the eco...
Antitrust laws are concerned with controlling market power. In the course of history, the developmen...
Transaction cost economics ( TCE ) has radically altered industrial organization\u27s explanation fo...
The objective of this paper is to survey the recent developments in economic theories of buyer power...
The focus of modern applications of economic reasoning to antitrust concerns has been on the more su...