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While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...
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with regulatory capture and oversized corporate influence on regulation and market outcomes. We share those concerns. Yet … theory and trades the current antitrust regime, which promotes consumer welfare, for one that invariably benefits businesses …
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floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …
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