Attached please find NBER Working Paper 12867, "Antitrust," by Louis Kaplow
and Carl Shapiro. The paper was subsequently published in the Handbook of
Law and Economics, Vol. 2, A. Mitchell Polinsky and Steven Shavell, eds.,
North-Holland (2007).
Abstract: This is a survey of the economic principles that underlie
antitrust law and how those principles relate to competition policy. We
address four core subject areas: market power, collusion, mergers between
competitors, and monopolization. In each area, we select the most relevant
portions of current economic knowledge and use that knowledge to critically
assess central features of antitrust policy. Our objective is to foster the
improvement of legal regimes and also to identify topics where further
analytical and empirical exploration would be useful.
Laura Bethard
Publications/Working Papers
National Bureau of Economic Research
Cambridge, MA 02138
(617) 588-1403
Received on Fri Feb 29 2008 - 11:49:23 EST
