A Critical Evaluation of the Chicago School of Antitrust Analysis
The publication of this clinically analytical and trenchantly insightful volume is felicitously timed. By fortuitous coincidence, it comes at a time when the Chicago School enjoys a high-water mark of acceptance in U.S. legal circles, and at a time when the U.S. merger movement of the 1980s is crest...
Main Authors: | , |
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Format: | eBook |
Language: | English |
Published: |
Dordrecht
Springer Netherlands
1989, 1989
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Edition: | 1st ed. 1989 |
Series: | Studies in Industrial Organization
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Subjects: | |
Online Access: | |
Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I. The Perception of Competition as a Dynamic Process
- II. Premises and Assumptions of the Chicago School’s Concept of Competition
- 1. Rationality and Autonomy of Economic Agents
- 2. Perfectly Competitive Markets
- 3. Workability of the Market Mechanism
- 4. Lang-run Effectiveness of the Market Process (Time Horizon
- III. Antitrust Theory and Public Policy
- 1. Market Structure Interference
- 2. Market Behavior Interference
- IV. The Chicago School’s Approach to Antitrust Theory
- 1. Method of Competition Analysis
- 2. Consumer Welfare as Chicago’s Antitrust Goal
- V. Evaluating Concentration from the Chicago Point of View
- 1. Corporate Size and Industry Concentration as Evidence of Superior Efficiency
- 2. Causes of Monopoly Power
- 3. Measuring Monopoly Power
- 4. Determinants of Market Structure and the Effectiveness of Competition
- 5. The Economic Effects of Mergers
- 6. Anticoncentration Policy from the Chicago Point of View
- VI. The Evaluation of Anticompetitive Behavior
- 1. Explicit and Implicit Collusion
- 2. Exclusionary Practices
- 3. Tying Arrangements
- 4. Predatory Pricing
- 5. Resale Price Maintenance
- VII. A Critical Résumé of the Chicago Approach to Antitrust Policy
- 1. Underlying Assumptions and Methodology
- 2. The Goals of Antitrust Policy
- 3. The Role of Theory and Empirical Evidence
- 4. Policy Recommendations
- 5. The Chicago School Approach as a Basis for Antitrust Policy