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The Antitrust Analysis of Multisided Platform Businesses  

David Evans and Richard Schmalensee

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter provides a survey of the economics literature on multisided platforms with particular focus on competition policy issues, including market definition, mergers, monopolization, ... More

Antitrust Corporate Governance and Compliance  

D. Daniel Sokol and Rosa Abrantes-Metz

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Both theoretical and empirical work in a number of different fields, including economics, accounting, finance, organizational theory, and sociology provides important insights indicating ... More

Antitrust Enforcement Regimes: Fundamental Differences  

Keith N. Hylton

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Since China has modeled its antitrust regime on that of the EU, there are essentially two antitrust regime types: the United States and the EU. This chapter is a brief comparative study of ... More

Antitrust Settlements  

Daniel L. Rubinfield

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Antitrust litigation has been experiencing a growth spurt in the past several decades as the result of expanding public enforcement worldwide, active private enforcement in the United ... More

Antitrust, the Internet, and the Economics of Networks  

Daniel Spulber and Christopher Yoo

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Network industries, including the Internet, have shown significant growth, substantial competition, and rapid innovation. This chapter examines antitrust policy towards network industries. ... More

Auctions and Bid Rigging  

R. Preston McAfee, Michael Williams, and Kenneth Hendricks

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter surveys the theoretical and empirical literature on bid rigging in auctions. In particular, it reviews the theory and practice of bidding rings in one-shot auctions and in ... More

Baseball's Antitrust Exemption: History And Current Relevance  

Roger D. Blair and Jessica S. Haynes

Print publication date:
Apr 2012
Online publication date:
Sep 2012
This chapter explores Major League Baseball (MLB)'s antitrust exemption and its current relevance, starting by presenting a brief overview of the antitrust laws in the United States. Next, ... More

Bilateral Monopoly: Economic Analysis and Antitrust Policy  

Roger D. Blair and Christina DePasquale

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter examines the antitrust implications of bilateral monopoly. Section 16.2 presents the economic model of bilateral monopoly. This section compares monopoly, monopsony, and ... More

Business Strategy and Antitrust Policy  

Michael Mazzeo and Ryan McDevitt

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Business strategy is fundamentally about firm decision-making. Antitrust policy and enforcement, in turn, evaluate the decisions made by firms and the market outcomes that result. To the ... More

Buyer Power in Merger Review  

Dennis Carlton, Mark Israel, and Mary Coleman

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Merger analysis has generally developed with a focus on mergers among sellers and whether a merger will create or enhance seller market power. The issue of buyer power, however, can be ... More

Cartels and Collusion: Economic Theory and Experimental Economics  

Jay Pil Choi and Heiko Gerlach

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter provides a selective review of economic theory and experimental evidence on cartels and collusion. In particular, it highlights the role of incentives in collusion and cartel ... More

Cartels and Collusion: Empirical Evidence  

Margaret Levenstein and Valerie Suslow

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Cartels occur in a wide range of products and industries and engage in a range of behaviors in their efforts to increase profits. This chapter discusses the variety of techniques that ... More

A Competition Law Analysis of Private Equity “Club Deals”  

Faysal Barrachdi

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article explains how syndicate relationships in certain market structures have implications for competition policy. It studies the legal position of private equity club deals and ... More

Competition Policy for Industry Standards  

Richard Gilbert

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Compatibility standards create consumer benefits by enabling components to interoperate and allowing suppliers of compatible components to achieve efficiencies from scale and network ... More

Competition Policy in Public Choice Perspective  

Fred McChesney, William Shughart, and Michael Reksulak

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Antitrust (competition) policy in the United States and Europe commonly is seen as well intentioned in the abstract, but flawed in practice. This chapter applies public choice reasoning to ... More

Competitive Discounts and Antitrust Policy  

Kevin Murphy, Robert Topel, and Edward Snyder

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter deals with a broad class of quasi-exclusive, vertical agreements that we refer to as “quantity commitment discounts” (QCDs), though they are often referred to as “loyalty ... More

Continental Drift in the Treatment of Dominant Firms: Article 102 TFEU in Contrast to Section 2 Sherman Act  

Maarten Pieter Schinkel and Pierre LaRocuhe

Print publication date:
Dec 2014
Online publication date:
Apr 2015
This chapter compares the concepts of monopolization and abuse of dominance as in Section 2 of the Sherman Act and Article 102 of the TFEU, respectively. After identifying a number of ... More

Coordinated Effects: Evolution of Practice and Theory  

Janusz Ordover and Jith Jayaratne

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Coordinated effects analysis focuses on the impact of mergers on the potential for tacit collusion, which is not necessarily deterred through antitrust enforcement by the application of ... More

Economic Analysis of Antitrust Exemptions  

Peter Carstensen

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Various economic theories can justify exemption from antitrust law. This survey describes most of these theories. While offering only a limited critique, the chapter does point up the ... More

The Economics of Antitrust Class Actions  

Roger D. Blair and Christine Durrance

Print publication date:
Dec 2014
Online publication date:
Apr 2015
Section 4 of the Clayton Act provides a private right of action for victims of antitrust violations. In cases where the individual injury is too small to be worth pursuing, the individual ... More

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