Antitrust ParadoxShows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. Bork sees antitrust law as a microcosm which reflects the larger movements of our society, such as the tension between liberty and equality. |
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Page 147
... capital is included . It is common to hear objections that the victim will not be able to find outside capital because " the capital market is imperfect . " George Stigler aptly characterizes this as a " Gabriel - horn phrase " : " Not ...
... capital is included . It is common to hear objections that the victim will not be able to find outside capital because " the capital market is imperfect . " George Stigler aptly characterizes this as a " Gabriel - horn phrase " : " Not ...
Page 148
... capital , of course , and a major cost is likely to be the provision of information to potential investors . That cost is likely to loom largest when the amount of capital required is small and the industry is little known . The cost of ...
... capital , of course , and a major cost is likely to be the provision of information to potential investors . That cost is likely to loom largest when the amount of capital required is small and the industry is little known . The cost of ...
Page 322
... capital will be unavail- able ? Capital suppliers , like all other suppliers , are interested in maximiz- ing their returns , and an industry where greater - than - competitive returns are available should be particularly attractive ...
... capital will be unavail- able ? Capital suppliers , like all other suppliers , are interested in maximiz- ing their returns , and an industry where greater - than - competitive returns are available should be particularly attractive ...
Contents
THE CRISIS IN ANTITRUST | 3 |
The Historical Foundations of Antitrust Policy | 15 |
The Intentions of Congress | 50 |
Copyright | |
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advertising agreement analysis anticompetitive antitrust laws antitrust policy argument attempt barriers to entry behavior boycott Brown Shoe cartel Chapter Clayton Act competition competitors conglomerate mergers Congress consumer welfare contracts create customers dealers decision defense distributor doctrine Econ economic effect elimination enforcement entrant exclusive dealing fact Federal Trade Commission firm goal horizontal mergers illegal industry internal growth Judge judicial Justice Klor's law's legislative litigation lower prices manufacturer marginal cost market division market power market share means ment merely monopolist monopoly oligopolistic oligopoly opinion percent predation predatory price price cutting price discrimination price fixing problem profits purchase reason reciprocal dealing refuse to deal resale price maintenance resellers restraints restrict output restriction of output result retailers rivalry rivals Robinson-Patman Act rule Section sell seller Sherman Act statute suggested sumers superior efficiency Supreme Court theory tie-in tion tying arrangements United unlawful vertical integration vertical mergers widget