Description
Book SynopsisIs it the central purpose of American antitrust policy to encourage decentralization of economic power? Or is it to promote "consumer welfare"? Is there a painful trade-off between market dominance and economic "efficiency"? What is the proper role of government in this area? In recent years the public policy debate on these core questions has been
Trade Review"Critically examines, in an innovative and lighthearted fashion, the economic justification of the Chicago style approach to antitrust... The book is extremely well documented... Its fast pace and wit make for quite enjoyable reading."--Southern Economic Journal
Table of Contents*FrontMatter, pg. i*CONTENTS, pg. vii*LIST OF EXHIBITS, pg. ix*INTRODUCTION, pg. xi*DAY 1. THE TRIAL BEGINS; THE WITNESS DEFINES PRICE THEORY, pg. 3*DAY 2. THE EXAMINATION TURNS TO HORIZONTAL AND VERTICAL MERGERS, pg. 43*DAY 3. TAKEOVER ISSUES TAKE OVER, pg. 81*DAY 4. THE IMPACT OF ECONOMIC POWER IS DISCUSSED; PUBLIC POLICY INTERESTS IN ECONOMIC LIBERTY AND DEMOCRATIC PROCESS YIELD A CONUNDRUM, pg. 115*INDEX, pg. 129
