Post-Chicago Developments in Antitrust Law

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"This book offers a timely and critical evaluation of the Chicago School approach to antitrust law. The authors discuss the economic foundations of competition policy and the different ways in which both American and European competition law does - or does not - take account of economic insights. Although the book makes no claim to provide a definitive answer to the host of questions arising from the complexities of antitrust, it does offer an important contribution to a better understanding of the many 'interfaces' between economic thinking and sound legal policy." This book provides a timely appraisal of developments in antitrust law. It will be a challenging read for a host of academics, practitioners and policymakers including industrial and political economists, lawyers, regulators and corporate strategists.
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Product Details

Table of Contents

List of figures and tables
List of contributors
1 The reckoning of post-Chicago antitrust 1
2 The difficult reception of economic analysis in European competition law 34
3 A preface to post-Chicago antitrust 60
4 Post-Chicago, post-Seattle and the dilemma of globalization 76
5 The bounds approach to antitrust 87
6 Dynamic efficiency and US antitrust policy 108
7 'Obvious' consumer harm in antitrust policy: the Chicago School, the post-Chicago school and the courts 129
8 Second order oligopoly problems with international dimensions: sequential mergers, maverick firms and buyer power 161
9 Rule fixing: an overlooked but general category of collusion 183
10 Raising consumers' costs as an antitrust problem: a sketch of the argument from Kodak to Microsoft (the European proceedings) 197
11 How safe is the king's throne? Network externalities on trial 213
12 The vertical price fixing controversy 251
13 The competitive dynamics of distribution restraints: efficiency versus rent seeking 280
14 Cooperation, competition and collusion among firms at successive stages 296
Index 317
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