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Reflections On The Fcc's Recent Approach To Structural Regulation Of The Electronic Mass Media, Lili Levi
Reflections On The Fcc's Recent Approach To Structural Regulation Of The Electronic Mass Media, Lili Levi
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The First Principles Approach To Antitrust, Kodak, And Antitrust At The Millenium, Steven C. Salop
The First Principles Approach To Antitrust, Kodak, And Antitrust At The Millenium, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
In this essay, I reflect on an important contribution to the development of antitrust reasoning and law that arises out of the Supreme Court's decision in Eastman Kodak Co. v. Technical Services, Inc. In particular, I discuss the decision's relationship to what I have termed the "first principles" approach to market power and antitrust. In my view, one reason that Kodak is important is that it does not take a wooden approach in its economic reasoning. Instead, the opinion nimbly applies the basic principles of competitive analysis to a difficult dynamic context. This enables the majority to avoid rigid adherence …
Competitive Effects Of Partial Ownership: Financial Interest And Corporate Control, Steven C. Salop, Daniel P. O'Brien
Competitive Effects Of Partial Ownership: Financial Interest And Corporate Control, Steven C. Salop, Daniel P. O'Brien
Georgetown Law Faculty Publications and Other Works
In this article, we set up an economic framework for analyzing the competitive effects of partial ownership interests. We have three main goals. First, we conceptually derive and explain the competitive effects of partial ownership, explaining its key elements and drawing analogies to the key ideas behind the analysis of horizontal mergers. Second, we present a general framework for evaluating the competitive effects of partial ownership that is analogous to, but at the same time recognizes key differences in the standard analysis for evaluating horizontal mergers. Third, we examine several methods of quantifying these competitive effects.