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Observations: Sylvania In Retrospect, George A. Hay
Observations: Sylvania In Retrospect, George A. Hay
Cornell Law Faculty Publications
No abstract provided.
Market Power In Antitrust, George A. Hay
Market Power In Antitrust, George A. Hay
Cornell Law Faculty Publications
The concept of market power is at the core of antitrust. Philosophically, antitrust policy is aimed primarily at preventing firms from achieving, retaining, or abusing market power. Operationally, assessing whether a firm or firms have market power or any reasonable prospect for achieving it is often the first (and sometimes, the only) step in performing an antitrust analysis.
Few would dispute that market power should play a prominent role in antitrust analysis. Nevertheless, important questions remain. Some of these questions quite naturally focus on the precise degree of importance given to market power. Is it an essential ingredient in antitrust …