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Antitrust Law

  • Scott Gilbert
Chapter
Part of the Quantitative Perspectives on Behavioral Economics and Finance book series (QPBEF)

Abstract

Modern antitrust law seeks to protect consumers from anti-competitive business practices. Goods markets with lots of competition among sellers tend to have lower prices—good for consumers—but good deals tend to be fewer when there are fewer firms. A concentration of market power, among few firms, is anti-competitive if it raises prices faced by consumers. The courts and government agencies that enforce antitrust law must decide what sorts of business practices are significantly anti-competitive. Economic models and analysis play a key role in such decisions, and this book will discuss a variety of economic models in which antitrust issues can be cast.

Keywords

Antitrust Anti-competitive Law Competition Statute Monopoly 

References

  1. Blair, R. D., & Kaserman, D. L. (2009). Antitrust economics (2nd ed.). New York: Oxford University Press.Google Scholar
  2. Bork, R. H. (1977). The antitrust paradox, a policy at war with itself. New York, NY: Basic Books.Google Scholar
  3. Elhauge, E. (2008). United States antitrust law and economics. New York: Foundation Press.Google Scholar
  4. Posner, R. A. (1975). The social costs of monopoly and regulation. The Journal of Political Economy, 83(4), 807–828.CrossRefGoogle Scholar
  5. Posner, R. A. (1976). Antitrust law: An American perspective. Chicago, IL: The University of Chicago Press.Google Scholar
  6. Skitol, R. A., & Vorasi, K. M. (2012), The remarkable 50-year legacy of Brown Shoe Co. v. United States. Antitrust, 26(2), 47–53.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Scott Gilbert
    • 1
  1. 1.Southern Illinois UniversityCarbondaleUSA

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