2008. Paperback. The rules of antitrust remain unfocused, insufficiently precise, and excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more heavily than principles. Num Pages: 376 pages, 5 line illustrations. BIC Classification: LNL. Category: (P) Professional & Vocational. Dimension: 229 x 146 x 25. Weight in Grams: 499. . . . . .

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Bibliographic Details

Title: The Antitrust Enterprise: Principle and Execution
Publisher: Harvard University Press
Publication Date: 2008
Language: English
ISBN 10: 0674027418
ISBN 13: 9780674027411
Binding: Soft cover
Condition: New

About this title

Synopsis

After thirty years, the debate over antitrust's ideology has quieted. Most now agree that the protection of consumer welfare should be the only goal of antitrust laws. Execution, however, is another matter. The rules of antitrust remain unfocused, insufficiently precise, and excessively complex. The problem of poorly designed rules is severe, because in the short run rules weigh much more heavily than principles. At bottom, antitrust is a defensible enterprise only if it can make the microeconomy work better, after accounting for the considerable costs of operating the system.

The Antitrust Enterprise is the first authoritative and compact exposition of antitrust law since Robert Bork's classic The Antitrust Paradox was published more than thirty years ago. It confronts not only the problems of poorly designed, overly complex, and inconsistent antitrust rules but also the current disarray of antitrust's rule of reason, offering a coherent and workable set of solutions. The result is an antitrust policy that is faithful to the consumer welfare principle but that is also more readily manageable by the federal courts and other antitrust tribunals.

About the Author

Herbert Hovenkamp is Ben V. and Dorothy Willie Professor of Law and History, University of Iowa College of Law.

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