Lectures on Antitrust Economics

摘要: Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust focuses more broadly on maintaining certain basic rules competition. In these lectures Michael Whinston offers an accessible lucid account economics behind law, looking at some most recent developments highlighting areas that require further research. He three areas: price fixing, which competitors agree to restrict output raise price; horizontal mergers, merge their operations; exclusionary vertical contracts, a competitor seeks exclude rival. commentators widely regard prohibition fixing as settled economically sound area antitrust. Whinston's discussion unsettle this view, suggesting fundamental issues are, fact, not well understood. his describes substantial advances theoretical empirical work suggests fruitful directions for The complex contracts perhaps controversial influential "Chicago School" cast doubt arguments could be profitably used rivals. Recent work, has made important contributions, instead shows such can profitable tools exclusion. sheds light controversy nature those contributions.