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Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop
Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
Economic inequality recently has entered the political discourse in a highly visible way. This political impact is not a surprise. As the U.S. economy has begun to recover from the Great Recession since mid-2009, economic growth has effectively been appropriated by those already well off, leaving the median household less well off. The serious economic, political and moral issues raised by inequality can be addressed through a panoply of public policies including competition policy, the focus of this article. The article describes the channels through which market power contributes to inequality, and sets forth a range of possible antitrust policy …