How the Chicago School Overshot the Mark : The Efect of Conservative Economic Analysis on U. S. Antitrust.
- 1st ed.
- 1 online resource (324 pages)
Intro -- Contents -- Contributors -- Introduction: Setting the Stage -- 1 Conservative Economic Analysis and Its Effects -- Thoughts on the Chicago Legacy in U.S. Antitrust -- Some Practical Thoughts About Entry -- Conservative Economics and Antitrust: A Variety of Influences -- Influence of Conservative Economic Analysis on the Development of the Law of Antitrust -- On the Foundations of Antitrust Law and Economics -- 2 Is Efficiency All That Counts? -- The Efficiency Paradox -- The Chicago School's Foundation Is Flawed: Antitrust Protects Consumers, Not Efficiency -- 3 Chicago School and Dominant Firm Behavior -- The Harvard and Chicago Schools and the Dominant Firm -- Comment on Herbert Hovenkamp and the Dominant Firm: The Chicago School Has Made Us Too Cautious About False Positives and the Use of Section 2 of the Sherman Act -- 4 Can Vertical Arrangements Injure Consumer Welfare? -- Economic Analysis of Exclusionary Vertical Conduct: Where Chicago Has Overshot the Mark -- Wrong Turns in Exclusive Dealing Law -- 5 Has the Free Rider Explanation for Vertical Arrangements Been Unrealistically Expanded? -- The Sylvania Free Rider Justification for Downstream-Power Vertical Restraints: Truth or Invitation for Pretext? -- Free Riding: An Overstated, and Unconvincing, Explanation for Resale Price Maintenance -- 6 Reinvigorating Merger Enforcement That Has Declined as a Result of Conservative Economic Analysis -- Reinvigorating Horizontal Merger Enforcement -- Appendix -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W.
A collection of fifteen essays, How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. For the past 40 years, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis whose advocates are known as "The Chicago School". A response to that anti-regulation, pro-free-market kind of conservative doctrine may be compiled through collections of scores of articles but until now cannot be found in any one book. The voices contributing to these articles come from across the political spectrum, but virtually all agree that while enforcement today is the better off for this school, examples of extreme interpretations and misinterpretations of conservative economic theory have led American antitrust in the wrong direction.
9780199706754
Antitrust law -- Economic aspects -- United States. Antitrust law -- United States. Competition -- United States. Industrial concentration -- United States.