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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...
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of collusive/cooperative behaviour varies across markets. These issues are investigated within a structural oligopoly …
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The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …
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