than innovation. Economic theory shows the ways that price competition benefits consumers; and courts, antitrust agencies …, and innovation. He describes examples of merger enforcement by US and European antitrust agencies; examines cases brought …A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on …

This article discusses the application of transaction cost economics (TCE) to the specification of antitrust legal … rules and antitrust remedies and explains why the application of TCE analysis may lead to very different legal rules and … remedies from approaches that ignore TCE considerations. Antitrust legal rules must be sensitive to the attributes of the …

This article analyzes the implication of transaction costs for antitrust analysis and explains why the usual antitrust … article shows how the relevant transaction costs can be altered by conduct subject to antitrust review, such as loyalty … discounts or merger, and thereby influence the pricing mechanism used. When conduct alters the pricing mechanism, a correct …

This paper briefly examines the contributions of Transaction Cost Economics (TCE) to antitrust analysis, focusing on … obtaining higher prices. Sensible antitrust policy recognizes that both advantageous contracting and monopoly can be profitable …

This paper discusses the application of transaction cost economics (TCE) to the specification of antitrust legal rules … and antitrust remedies and explains why the application of TCE analysis may lead to very different legal rules and … remedies from approaches that ignore TCE considerations. Antitrust legal rules must be sensitive to the attributes of the …