The Case Against Antitrust
Blog: Cato at Liberty
The threat of abusive public power is far larger than the threat of private market power.
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Blog: Cato at Liberty
The threat of abusive public power is far larger than the threat of private market power.
Blog: Conversable Economist
Many years ago, I learned that “dilatancy” is a stage in the build-up before an earthquake, when rocks have been pushed together as tightly as possible under the pressures of shifting tectonic plates. Antitrust regulation may be experiencing its own dilatancy before an earthquake. The underlying problem here is that the actual antitrust laws (the … Continue reading Antitrust: Dilatancy Before the Earthquake?
The post Antitrust: Dilatancy Before the Earthquake? first appeared on Conversable Economist.
Blog: Capitalisn't
The second in a special 3-part series on antitrust law. Kate and Luigi talk with Lina Khan, author of the article "Amazon's Antitrust Paradox," and a member of the New Brandeis Movement, which believes that antitrust enforcement should be more broadly applied and not just rely on consumer welfare.
Blog: Legal Theory Blog
Manuel Wörsdörfer (University of Maine) has posted Apple's Antitrust Paradox (European Competition Journal, (Forthcoming)) on SSRN. Here is the abstract: This paper builds on Khan's work on Amazon's antitrust paradox by transferring her normative framework to Apple Inc. It explores...
Blog: Conversable Economist
Imagine that in the market for generic drugs, a group of companies form a cartel to raise prices on the products controlled by their group. Other companies were not involved. What pattern might you expect to see for the prices of drugs controlled by the cartel, or not controlled by the cartel. Amanda Starc and … Continue reading The Generic Drugs Antitrust Case
The post The Generic Drugs Antitrust Case first appeared on Conversable Economist.
Blog: Conversable Economist
Back in 2002, the private investment firm called Hicks Muse that owned the Vlasic Pickle Company sought to purchase the Claussen Pickle Company. The Federal Trade Commission blocked the merger. In the press release announcing the action, the FTC said: According to the FTC’s complaint, Hicks Muse’s proposed acquisition of Claussen would eliminate competition and … Continue reading The Pickle Poetry Antitrust Case
The post The Pickle Poetry Antitrust Case first appeared on Conversable Economist.
Blog: Capitalisn't
Our third and final episode on antitrust law looks at the E.U.'s recent $5 billion fine against Google. Kate and Luigi hear about double-sided markets from Nobel-winning economist Jean Tirole and explore the E.U. vs. U.S. approach to antitrust enforcement.
Blog: Capitalisn't
The first in a special 3-part series on antitrust law. In the wake of the approved merger between giants AT&T and Time Warner, Kate and Luigi talk with a leading expert, Carl Shapiro, about the evolving concept of consumer welfare and whether antitrust law needs to change with the times.
Blog: Legal Theory Blog
Samuel Bagg (University of South Carolina - Department of Political Science) has posted Whose Coordination? Which Democracy? On Antitrust as a Democratic Demand (Politics & Society) on SSRN. Here is the abstract: The growing movement seeking to revive an aggressive,...
Blog: Legal Theory Blog
Matt Blaszczyk (Georgetown University, Law Center) has posted Trustless Trust and Antitrust: A Synthesis on SSRN. Here is the abstract: Authors have written of antitrust's demise in the face of blockchain technology which, supposedly, achieves the goals of the law,...
Blog: Legal Theory Blog
Barak Orbach (University of Arizona) has posted The Neo-Brandeisians Are Wrong About Greedflation (ProMarket, The publication of the Stigler Center at the University of Chicago Booth School of Business (June 28, 2023)) on SSRN. Here is the abstract: Some progressive...
Blog: Reason.com
If you fail to see a problem with Apple's actions, you may not be an overzealous government lawyer.
Blog: Conversable Economist
The “merger guidelines” that have been published by the Federal Trade Commission and the US Department of Justice since 1969–with updates happening every 10-15 years–serve an unusual role. They are not federal regulations like, say, rules about what level of pollutants can be emitted from the Environmental Protection Administration. Instead, the merger guidelines seek to … Continue reading Antitrust and the Consumer Welfare Goal
The post Antitrust and the Consumer Welfare Goal first appeared on Conversable Economist.
Blog: Capitalisn't
In the wake of a blocked merger between the German and French rail giants Siemens and Alstom, Kate & Luigi debate the role of global antitrust regulators. How do they protect consumers while also helping domestic companies compete with state-supported rivals from China?
Blog: Reason.com
Among the allegations, the agency charges that Amazon Prime subscribers are incentivized to make the most of their subscription by buying more products.