Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- Monopolies (4)
- Chicago School of antitrust (3)
- Competition (3)
- Consumers (3)
- Economics (3)
-
- Markets (3)
- Regulation (3)
- International Trade (2)
- Law and Economics (2)
- AMI decision (1)
- Antitrust law (1)
- Antitrust regulation (1)
- Brown Shoe (1)
- Business law (1)
- Comparative law (1)
- Efficiency (1)
- German Law (1)
- LTV Republic merger case (1)
- Law and economics (1)
- Legislation (1)
- Merger Control Law (1)
- Merger Law (1)
- Merger analysis (1)
- Philadelphia Bank (1)
- Proctor & Gamble (1)
- Section 7 Clayton Act (1)
- West Germany (1)
- Williamson's Tradeoff Theory (1)
- Publication
- Publication Type
Articles 1 - 7 of 7
Full-Text Articles in Law and Economics
Workable Antitrust Policy, Frank H. Easterbrook
Workable Antitrust Policy, Frank H. Easterbrook
Michigan Law Review
One of the schools of thought in the economics of antitrust was called "workable competition." The adherents to this school believed that markets were prone to cartelization and that concentration was death on competition, but that occasionally competition might prove "workable." These scholars were suspicious of almost every industrial practice they saw. One of the manifestations of their work came to be known as the "structure-conduct-performance paradigm." The thesis was that you could tell whether competition was feasible from the structure of the market. If the top four firms had fifty percent or so of the sales, we should abandon …
Consumer Beware Chicago, Eleanor M. Fox
Consumer Beware Chicago, Eleanor M. Fox
Michigan Law Review
Professor Hovenkamp's article, Antitrust Policy After Chicago, reveals an important truth. Chicago School economics does not provide a superior roadmap to efficiency. I would take the critique one step further and assert: The main gap between Chicago and its critics is not even the design of the roadmap to efficiency. The main gap is social and political philosophy.
Rhetoric And Skepticism In Antitrust Argument, Herbert Hovenkamp
Rhetoric And Skepticism In Antitrust Argument, Herbert Hovenkamp
Michigan Law Review
In his essay on Workable Antitrust Policy Judge Easterbrook professes an extraordinary skepticism about economic models in general, and particularly about the ability of courts to use economic models to distinguish the competitive from the anticompetitive. But a profession of skepticism is itself a very powerful rhetorical device; it creates a perception of tough-mindedness, of refusal to yield real-world observations to analytic models or other abstractions, of extreme reluctance to accept any proposition that has not been clearly proven. Further, it is always very easy to be a skeptic, because every position ever taken except perhaps for a few tautologies …
An Economic Analysis Of Antitrust Law's Natural Monopoly Cases, John Cirace
An Economic Analysis Of Antitrust Law's Natural Monopoly Cases, John Cirace
West Virginia Law Review
No abstract provided.
The Role Of Efficiency Justifications In U.S.-American And West German Merger Control Law: A Comparison, Christian Westerhausen
The Role Of Efficiency Justifications In U.S.-American And West German Merger Control Law: A Comparison, Christian Westerhausen
LLM Theses and Essays
When merger control laws first emerged in the United States and West Germany in the early 1900s, some businessmen and economists argued that the efficiency of businesses was impeded by antimerger laws. They contended that only very large businesses could realize significant efficiencies, be internationally competitive, and attain technological progress. This paper analyzes the role that these efficiency arguments had on the laws in West Germany and the United States, respectively. German law mainly upheld the idea that preservation of competition was most important for business efficiency, but also included a provision that firms could put forward the social desirability …
Duties To Offset Competitive Advantages, Richard B. Dagen, Michael S. Knoll
Duties To Offset Competitive Advantages, Richard B. Dagen, Michael S. Knoll
All Faculty Scholarship
No abstract provided.
Gray-Market Imports: Causes, Consequences And Responses, Michael S. Knoll
Gray-Market Imports: Causes, Consequences And Responses, Michael S. Knoll
All Faculty Scholarship
This article explores the issue of gray-market imports. The author explains the four causes of gray-market imports and explores the possibility of private remedies in order to stem the flow of these imports. The article then turns to the possibility of protection in the public sector by discussing pertinent statutory provisions and the development of the case law in this area.