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good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass … examples. This advertising cost is added into the sales price of the product, resulting in consumers being harmed by the … embedded advertising costs in the products or services purchased. We argue here, using Bork's own criterion - except to expand …
Persistent link: https://www.econbiz.de/10012804859
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
The Department of Justice ("DOJ") monopoly report is enormously disappointing for a number of reasons. The Federal …
Persistent link: https://www.econbiz.de/10014213172
Complexity science is widely used across the policy spectrum but not in antitrust. This is unfortunate. Complexity science enables a rich understanding of competition beyond the simplistic descriptions of markets and firms proposed by neoclassical models and their contemporary neo-Brandeisian...
Persistent link: https://www.econbiz.de/10013296286
Large platforms are often accused of refusing to serve (or discriminating against) competing sellers in adjacent product markets. Antitrust law labels such activity a unilateral “refusal to deal” (RTD) and evaluates it under a predation-like framework shaped by the two leading RTD cases,...
Persistent link: https://www.econbiz.de/10014345234
competition-centered issues like targeting new market entrants.Antitrust has dismissed false advertising that entrenches monopoly …Federal law presumes that false advertising harms competition. Federal law also presumes that false advertising is ….Courts’ treatment of false advertising in antitrust cases makes no sense. While courts have reasonably evidenced concern that not all …
Persistent link: https://www.econbiz.de/10013231469
surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like …, we discuss how much monopoly is unavoidable in premier-level European football and how its powers can be limited and …
Persistent link: https://www.econbiz.de/10013367751
In 2013, I served as a court-appointed expert in consolidated class and individual plaintiff antitrust litigation against Visa and Mastercard in the Eastern District of New York. The litigation involved a challenge to default interchange fees established by Visa and Mastercard, and to certain...
Persistent link: https://www.econbiz.de/10012937650
entry barriers of the search engine market. The Essay next discusses behavioral exploitation to maintain a monopoly. The …
Persistent link: https://www.econbiz.de/10014175581
A small number of firms hold significant market power in a wide variety of sectors of the economy, leading commentators across the political spectrum to call for a reinvigoration of antitrust enforcement. But the antitrust agencies have been surprisingly timid in response to this challenge, and...
Persistent link: https://www.econbiz.de/10012897575