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Antitrust Policy: A Century of Economic and Legal Thinking
Antitrust Policy Century Economic Legal Thinking
2014/11/27
This article follows the evolution of thinking about competition since 1890 as reflected by major antitrust decisions and research in industrial organization. We divide the U.S. antitrust experience i...
Does Antitrust Policy Improve Consumer Welfare ? Assessing the Evidence
To improve Consumer Welfare Antitrust policy Assessment evidence
2014/11/27
Should the United States pursue a vigorous antitrust policy? Soon after the passage of the Sherman Antitrust Act of 1890, economists led by John Bates Clark (1901) argued that the enforcement of such ...
Competition as an Evolutionary Process and Antitrust Policy
Competition Evolutionary Process Antitrust Policy
2014/11/27
The antitrust debate in the United States has been grounded and guided by principles derivedf rom equilibrium-basede conomics. However, these principles mischaracterizek eyelements of real economies. ...