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Normative Theory of Competition Law

Renato Nazzini

in The Foundations of European Union Competition Law: The Objective and Principles of Article 102

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199226153
eISBN:
9780191730856
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226153.003.0002
Subject:
Law, EU Law, Competition Law

This chapter examines potential objectives of competition law. It discusses the non-welfare objectives that have been assigned to competition law in the literature and the law and argues that none of ... More


Introduction: Setting the Stage

Robert Pitofsky

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/9780195372823.003.0001
Subject:
Economics and Finance, Behavioural Economics

This chapter presents four papers from some of the most eminent people in the antitrust field. It analyzes “barriers to entry” from a practical rather than theoretical point of view, and concludes ... More


Social Welfare

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0008
Subject:
Economics and Finance, Economic History

This chapter examines the social welfare consequences of coordinated oligopolistic price elevation. From the outset, it is notable that none of the pertinent theory directly distinguishes between ... More


The Foundations of European Union Competition Law: The Objective and Principles of Article 102

Renato Nazzini

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199226153
eISBN:
9780191730856
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226153.001.0001
Subject:
Law, EU Law, Competition Law

Article 102 of the Treaty on the Functioning of the European Union prohibits the abuse of a dominant position as incompatible with the internal market. Its application in practice has been ... More


Welfare, Monopolization, Dominance, and Judicial Review

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/9780226176246.003.0002
Subject:
Law, Company and Commercial Law

This chapter explains the complications of total versus consumer welfare standards; the differences between monopolization and abuse of dominance; the varying meanings of market power and monopoly ... More


Come Together? Producer Welfare, Consumer Welfare, and WTO Rules

Petros C. Mavroidis

in Reforming the World Trading System: Legitimacy, Efficiency, and Democratic Governance

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199282623
eISBN:
9780191700224
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199282623.003.0013
Subject:
Law, Public International Law

This chapter explains why the dynamic of World Trade Organization (WTO) negotiations tends to lead to the progressive liberalization of market-access barriers promoting consumer welfare. As all ... More


The Emerging Principles of International Competition Law

Chris Noonan

in The Emerging Principles of International Competition Law

Published in print:
2008
Published Online:
January 2009
ISBN:
9780199207527
eISBN:
9780191708817
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207527.003.0014
Subject:
Law, Public International Law, Competition Law

This chapter briefly summarizes the conclusions of this study and presents a set of emerging principles of international competition law. The emerging principles seek to align the components of the ... More


WTO Negotiators and Academics Analyse the Doha Development Round of the WTO: Overview and Summary of the Book

Ernst-Ulrich Petersmann

in Reforming the World Trading System: Legitimacy, Efficiency, and Democratic Governance

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199282623
eISBN:
9780191700224
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199282623.003.0001
Subject:
Law, Public International Law

This book examines some of the defects and needs for reform in the current world trading system, which focuses on the World Trade Organization (WTO). The subtitle of this book — Legitimacy, ... More


Abiding Issues

Adrian Kuenzler

in Restoring Consumer Sovereignty: How Markets Manipulate Us and What the Law Can Do About It

Published in print:
2017
Published Online:
August 2017
ISBN:
9780190698577
eISBN:
9780190698607
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190698577.003.0002
Subject:
Law, Company and Commercial Law

A brief historical overview of advertising documents that advertising traditionally performed two different functions: to inform and to persuade. Over time, the law has adopted the view that all ... More


The Determinants of Progressive Era Reform: The Pure Food and Drugs Act of 1906

Marc T. Law and Gary D. Libecap (eds)

in Corruption and Reform: Lessons from America's Economic History

Published in print:
2006
Published Online:
February 2013
ISBN:
9780226299570
eISBN:
9780226299594
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226299594.003.0011
Subject:
Economics and Finance, Economic History

This chapter explores the origins and effects of the Pure Food and Drugs Act of 1906 in the U.S. It explains that the Act provided regulators unprecedented authority over interstate trade in food and ... More


The Incompatibles: Shareholder Maximization and Consumer Sovereignty

Colin Crouch

in Corporate Governance in Contention

Published in print:
2018
Published Online:
July 2018
ISBN:
9780198805274
eISBN:
9780191843402
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198805274.003.0012
Subject:
Business and Management, Corporate Governance and Accountability, Finance, Accounting, and Banking

It is essential to the wider public legitimacy of the shareholder value maximization approach to corporate governance that share values can be maximized only by meeting consumers’ preferences and by ... More


The Microsoft Case: Antitrust, High Technology, and Consumer Welfare

William H. Page and John E. Lopatka

Published in print:
2007
Published Online:
March 2013
ISBN:
9780226644639
eISBN:
9780226644653
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226644653.001.0001
Subject:
Law, Company and Commercial Law

In 1998, the United States Department of Justice and state antitrust agencies charged that Microsoft was monopolizing the market for personal computer operating systems. More than ten years later, ... More


Quality, Valuation, and Welfare

Robert G. Chambers

in Competitive Agents in Certain and Uncertain Markets

Published in print:
2021
Published Online:
December 2020
ISBN:
9780190063016
eISBN:
9780190063047
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190063016.003.0010
Subject:
Economics and Finance, Econometrics, Microeconomics

The analytic structure developed in the first six chapters is applied to quality-differentiated production, quality-differentiated pricing, and consumer welfare analysis. The quality-differentiated ... More


Competition Law in Developing Nations: The Absolutist View

George L. Priest

in Competition Law and Development

Published in print:
2013
Published Online:
January 2014
ISBN:
9780804785716
eISBN:
9780804787925
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804785716.003.0006
Subject:
Law, Competition Law

This chapter provides an “absolutist” view: that, after a century of study and application of competition law, there is widespread agreement that there is a set of competition law principles that if ... More


Medical Care Output and Productivity

David M. Cutler and Ernst R. Berndt (eds)

Published in print:
2001
Published Online:
February 2013
ISBN:
9780226132266
eISBN:
9780226132303
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226132303.001.0001
Subject:
Economics and Finance, Econometrics

With the United States and other developed nations spending as much as 14 percent of their GDP on medical care, economists and policy analysts are asking what these countries are getting in return. ... More


The Goals and Uses of Competition Law

David J. Gerber

in Competition Law and Antitrust

Published in print:
2020
Published Online:
October 2020
ISBN:
9780198727477
eISBN:
9780191793622
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198727477.003.0003
Subject:
Law, Competition Law

All competition laws have goals, and these goals direct decisions about what the law is and how it should be enforced. Some goals are set out in statutes; others are set by competition law ... More


Anticompetitive Agreements

David J. Gerber

in Competition Law and Antitrust

Published in print:
2020
Published Online:
October 2020
ISBN:
9780198727477
eISBN:
9780191793622
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198727477.003.0005
Subject:
Law, Competition Law

Chapters 5, 6, and 7 examine the targets of competition law. Key questions: Why is the conduct considered harmful? How is it pursued—for example, which remedies are used? What are the incentives and ... More


Public Interest Issues in Cross-Border Mergers: Is There a Role for Competition Authorities?

Yongama Njisane and Hardin Ratshisusu

in Competition Policy for the New Era: Insights from the BRICS Countries

Published in print:
2017
Published Online:
January 2018
ISBN:
9780198810674
eISBN:
9780191847882
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198810674.003.0011
Subject:
Law, Competition Law, Comparative Law

Global developments in merger control have shown varied approaches across jurisdictions regarding public interest issues in cross-border mergers. In developed countries, the domestic impact of ... More


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