Section 2 of the Sherman Act bans monopolization of any part of interstate commerce. This essay draws on macroeconomic theory and the New Deal experience with partial repeal of the antitrust laws and cartelization of labor to examine the relationship between macroeconomic stability and the...

This paper examines temporal aspects of market power. It explores an industry - the Israeli PVC industry - in which the dominant firm's market power fluctuates cyclically, and identifies the conditions that result in such phenomena. The existence of cyclical market power may lead the market...