antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …

antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of … precluding private antitrust enforcement as one salient choice in antitrust design depends on whether antitrust enforcement is … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of …

We modify the UPP test of Farrell and Shapiro (2010) to take into account the possibility that a merger weakens (or … eliminates) a vertical supply relationship. After deriving a general effect of the merger, we provide an example of simple …

We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple …

This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are …

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple …