A world of uncertainty: economics and the globlization of antitrust
U.S. Dept. of Justice, Antitrust Division, 2004 - Business & Economics - 41 pages
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ability agreement and/or anticompetitive mergers antitrust agencies antitrust analysis antitrust authorities antitrust decision-making antitrust enforcement Antitrust Law Journal antitrust policy assets Barry Nalebuff block bright line rules Bruce McDonald business conduct business uncertainty buyer certainty competitive effects competitors consumer surplus consumer welfare costs and benefits courts deadweight loss Demsetz Department of Justice economic analysis economists efficient employed EU's example exclusive dealing explicitly False Negatives False Positives Ficco firm's firms with monopoly Frank Easterbrook goals of antitrust greater Harold Demsetz imperfectly performing marketplace implications Industrial inefficiencies inherent in antitrust innovation Intellectual Property jurisdictions less market power merger analysis merger simulation merging firms microeconomic Microsoft monopolist monopoly power Oligopoly Ordover outcome particular permitted practices pre-merger predict price discrimination procompetitive profits prohibition proposed mergers reduce relevant remedy result Richard Posner Robert Bork short run structural relief tying U.S. antitrust U.S. authorities U.S. Department underlying vertical restrictions Whinston wrong decisions