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Economic Analysis of Exclusionary Vertical Conduct: Where Chicago Has Overshot the Mark: Economic Analysis of Exclusionary Vertical Conduct: Where Chicago Has Overshot the Mark

Steven C. Salop

in How the Chicago School Overshot the Mark: The Effect of Conservative Economic Analysis on U.S. Antitrust

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195372823
eISBN:
9780199871773
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195372823.003.0011
Subject:
Economics and Finance, Behavioural Economics

This chapter presents two papers that take issue with Chicago School thinking at the most basic levels, rejecting the ideas that vertical arrangements rarely if ever can harm consumers, exclusionary ... More


Some Economics of Abuse of Dominance

John Vickers

in Competition Policy in the EU: Fifty Years on from the Treaty of Rome

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199566358
eISBN:
9780191722790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199566358.003.0004
Subject:
Economics and Finance, Public and Welfare, International

This chapter offers an economic appraisal of selected aspects of EC law and policy towards abuse of dominance (Article 82). After a brief discussion of thresholds for dominance, five theories of ... More


The Atlantic Divide in Antitrust: An Examination of US and EU Competition Policy

Daniel J. Gifford and Robert T. Kudrle

Published in print:
2015
Published Online:
September 2015
ISBN:
9780226176109
eISBN:
9780226176246
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226176246.001.0001
Subject:
Law, Company and Commercial Law

This book aims to resolve a puzzle: how can two systems of competition law and policy, whose enforcement and judicial institutions employ similar concepts and legal language, reach very different ... More


Some Practical Thoughts About Entry

Irwin M. Stelzer

in How the Chicago School Overshot the Mark: The Effect of Conservative Economic Analysis on U.S. Antitrust

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195372823
eISBN:
9780199871773
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195372823.003.0003
Subject:
Economics and Finance, Behavioural Economics

This paper characterizes the conservative view as follows: it looks at antitrust as inefficient, contributing unwisely to an excess of government regulation, and unnecessary because market power is ... More


Bundled Discounts

Daniel J. Gifford and Robert T. Kudrle

in The Atlantic Divide in Antitrust: An Examination of US and EU Competition Policy

Published in print:
2015
Published Online:
September 2015
ISBN:
9780226176109
eISBN:
9780226176246
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226176246.003.0008
Subject:
Law, Company and Commercial Law

This chapter explores the U.S. approaches to bundled discounts as illustrated by the LePage’s decision, the earlier Ortho decision and the disapproval of the LePage’s decision by the Antitrust ... More


11 The Chicago School

Herbert Hovenkamp

in The Making of Competition Policy: Legal and Economic Sources

Published in print:
2013
Published Online:
April 2015
ISBN:
9780199782796
eISBN:
9780190261351
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199782796.003.0011
Subject:
Economics and Finance, History of Economic Thought

This chapter considers the Chicago school of antitrust analysis. It provides the accounts of Edward Levi, Aaron Director, George Stigler, Robert Bork, and Richard Posner as representatives of the ... More


Tying to Mitigate the Deadweight Loss of Monopoly Pricing

Richard S. Higgins and Mark Perelman

in The Regulatory Revolution at the FTC: A Thirty-Year Perspective on Competition and Consumer Protection

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199989287
eISBN:
9780199346325
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199989287.003.0011
Subject:
Law, Competition Law

This chapter looks at tying and the deadweight losses associated with monopoly pricing. It addresses both the welfare effects and the profitability of full-requirements tying contracts designed to ... More


Why Regulate?

Robert Baldwin, Martin Cave, and Martin Lodge

in Understanding Regulation: Theory, Strategy, and Practice

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199576081
eISBN:
9780191806698
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199576081.003.0002
Subject:
Business and Management, Political Economy

This chapter examines the motives underlying regulation, first by considering the technical justifications for regulating that may be given by a government that is assumed to be acting in pursuit of ... More


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