By Roger D. Blair, D. Daniel Sokol
Greater than the other region of legislation, antitrust economics shapes legislation and coverage within the usa, the Americas, Europe, and Asia. In a couple of diversified components of antitrust, advances in thought and empirical paintings have triggered a basic reevaluation and shift of a few of the assumptions at the back of antitrust coverage. This reevaluation has profound implications for the way forward for the field.
The Oxford guide of foreign Antitrust Economics has amassed chapters from some of the best figures in antitrust. In doing so, this quantity instruction manual offers a big reference consultant for students, academics, and practitioners. even though, it's greater than a in simple terms reference advisor. fairly, it has a few assorted ambitions. First, it takes inventory of the present country of scholarship throughout a couple of varied antitrust issues. In doing so, it is predicated basically upon the economics scholarship. In a few occasions, even though, there's additionally assurance of felony scholarship, case legislations advancements, and felony policies.
The moment aim of the guide is to supply a few principles approximately destiny instructions of antitrust scholarship and coverage. Antitrust economics has advanced during the last 60 years. It has either formed coverage and been formed by means of coverage. The Oxford instruction manual of overseas Antitrust Economics will function a coverage and examine advisor of subsequent steps to think about while shaping the way forward for the sphere of antitrust.
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Additional resources for The Oxford Handbook of International Antitrust Economics, Volume 1
Commentators have made similar observations about economic regulation legislation generally. , Breyer, 1982, 189–314. In general, economic analysis does not appear to have guided or informed Congress’s crafting of specific exemption legislation. 34 Peter Carstensen competition policy in some industries even though the fundamental policy goal is a fully competitive market. The economic justifications for statutory exemptions fall into five main types. 1. If an industry has a natural monopoly that prevents durable competition, then competition rules may be preempted in favor of some other method of overseeing the market.
The second category, as the following discussion will demonstrate, incorporates a number of quite distinct economic theories that in turn call for specific kinds of market or institutional failures to be relevant. They share, however, the common characteristic of a generalized acceptance of having as competitive a market as is feasible and in theory, at least, using the exemption or modification of competition law as a means to achieve enhanced market performance. The third category reflects the positive framing of rent seeking by special interests.
1992. The Legislative History of the Sherman Act Re-examined. Economic Inquiry 30: 263. Hicks, John R. 1935. Annual Survey of Economic Theory: The Theory of Monopoly. Econometrica 3. Hovenkamp, Herbert. 1988. Antitrust’s Protected Classes. Michigan Law Review 88: 1. Hovenkamp, Herbert. 2001. Post-Chicago Antitrust: A Review and Critique. Columbia Business Law Review 2001: 257. Hovenkamp, Herbert. 2005. The Antitrust Enterprise: Principle and Execution. Cambridge, MA: Harvard University Press. Lande.
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