Antitrust Policy in Transition: The Convergence of Law and Economics - Softcover

 
9780897071475: Antitrust Policy in Transition: The Convergence of Law and Economics

Synopsis

In the heyday of antitrust economics, this volume makes a vital contribution to the dialogue tat will shape antitrust policies for the years ahead. Highlighted by the Antitrust Section's previous publication, Industrial Concentration and the Market System, yesteryear's debates focused on the oligopoly-concentration model as a source of legal norms to rationalize antitrust intervention designed to prevent or break up industrial "structures" associated by economic theory with anticompetitive behavior. This volume can serve as a catalyst for critical thought, creative scholarship, and sound antitrust administration. Its contents dramatize how different economic theories yield different antitrust policy directions, how the choice of an economic model predetermines the outcome of important cases, and how economic theories may become means or ends of antitrust analysis and enforcement-depending on variant perceptions of the statutory purpose by antitrust scholars and policymakers.

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