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This introductory essay for a symposium on antitrust enforcement during economic crises provides a brief historical overview of the failures of antitrust enforcement during major economic crises and wars in the first half of the twentieth century. It then considers the reasons that historical...
Persistent link: https://www.econbiz.de/10014198241
This article examines the role of antitrust in the causes and consequences of the crisis. If market turmoil and financial upheaval can shatter the groundwork of competitive markets that antitrust seeks to protect, the shockwaves are sure to be felt in the intellectual foundations of competition...
Persistent link: https://www.econbiz.de/10013061192
The U.S. financial crisis of 2007-2008 has been a searing experience. The popping of a housing bubble exposed the subprime lending debacle, which in turn created a wider financial crisis. In its response to this crisis, the federal government has provided financial assistance to a number of...
Persistent link: https://www.econbiz.de/10013158068
The Neal Report, which was commissioned by Lyndon Johnson and published in 1967, is rightfully criticized for representing the past rather than the future of antitrust. Its authors completely embraced a theory of competition and industrial organization that had dominated American economic...
Persistent link: https://www.econbiz.de/10012718956
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Against the background of growing discontent over excessive leniency of US and EU competition policy, this article argues that the policy displays characteristics corresponding to those that brought about the social capture of financial policy co-responsible for the late 2000s global crisis. The...
Persistent link: https://www.econbiz.de/10013238761
The Trojan Horse Hypothesis, an unwritten antitrust myth, states that through the purposeful use of confusing terminology Robert Bork was able to disguise his conservative agenda as a “pro-consumer policy,” enlist people who did not endorse this agenda to promote it, and turn it into the law...
Persistent link: https://www.econbiz.de/10013062869
The U.S. financial crisis of 2007-2008 has been a searing experience. The popping of a housing bubble exposed the subprime lending debacle, which in turn created a wider financial crisis. In its response to this crisis, the federal government has provided financial assistance to a number of...
Persistent link: https://www.econbiz.de/10013158557