In March 2009, China’s Ministry of Commerce (MOFCOM) vetoed the proposed acquisition by Coca-Cola of Huiyuan, a company with an important presence in the Chinese fruit juice market. This is the first time that MOFCOM has prohibited a transaction under the Anti-Monopoly Law (AML), in effect...

The recent Baidu Inc. decision provides insight into how Chinese courts might apply antitrust principles and assess evidence in private antitrust litigation in the future. As in the U.S., the Baidu court appears to have been interested in rigorous economic analysis of the antitrust allegations

The allocation of scarce resources is a central concern of economics as well as antitrust law. The two fundamental welfare theorems of economics demonstrate that, in the absence of market imperfections, competitive outcomes and efficient outcomes are linked. Even when market imperfections exist,...