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“Consumer welfare” (“CW”) is the stated goal of antitrust law. Among the cognoscenti, the CW standard is a proxy for … the transformation of antitrust law over the past four decades and Robert Bork's deep imprint on antitrust law. In recent … should be addressed. The goal of antitrust law, I argue, should align with antitrust's core task: protecting the competitive …
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This paper integrates several areas of the literature by more fully developing the linkage between demand estimates and the welfare effects of food labels and bans for three common survey/experimental approaches used to elicit consumer preferences. We present empirical applications related to...
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After globalization of economies around the world, markets became more and more competitive. International players also jumped into the field called local or national market of a country. Entry of so many players gives birth to unfair means and malafide practices which leads to unhealthy...
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In antitrust enforcement as in cost-benefit analysis, neoclassical economics may be interpreted as arguing for the use … call for antitrust agencies to move in the direction of this version of a total welfare standard for enforcement. However … may be appropriate for antitrust. Two common arguments against this standard - that most mergers are in markets for …
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sustainability and accessibility. Documentary examination shows, to date, present pharmaceutical market structure divided between …
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