Authors: John E. Kwoka (Editor), Lawrence J. White
ISBN-13: 9780195322972, ISBN-10: 0195322975
Format: Paperback
Publisher: Oxford University Press, USA
Date Published: July 2008
Edition: 5th Edition
George Washington University
New York University
he Antitrust Revolution: Economics, Competition, and Policy, Fifth Edition, examines the critical role of economic analysis in recent antitrust case decisions and policy. The book consists of economic studies of twenty-one of the most significant antitrust cases of recent years, twelve of them new to this edition and nine updated from the fourth edition. These cases include alleged anticompetitive practices by Visa and MasterCard, Microsoft, and Kodak; mergersproposed or consummatedby Staples and Office Depot, PSEG and Exelon, EchoStar and DirecTV, and Heinz and Beech-Nut; and other competitive issues such as predatory pricing in the airline industry, "reverse-payments" in settlements of patent litigation, the use of bundled rebates by dominant firms, exclusive dealing, and retailer-instigated restraints on supplier sales. New overview essays precede the four sections of the book: Horizontal Structure; Horizontal Practices; Vertical and Related Market Issues; and Network Issues.
Commissioned and edited by John E. Kwoka, Jr., and Lawrence J. White, the case studies are written by prominent economists who participated in the proceedings. These economists were responsible for helping to formulate the economic issues, undertake the necessary research, and offer arguments in court. As a result, they are uniquely qualified to describe and analyze the cases. Fully updated with the most current examples, this volume provides detailed and comprehensive insight into the central role that is now played and will continue to be played by economists in the antitrust process.
The Antitrust Revolution, Fifth Edition, is ideal for undergraduate and graduate classes in industrial organization, government policy, and antitrust/regulation law and economics. It is also a useful reference book for lawyers and economists-both academics and practitioners-who are interested in the types of economic analyses that have been applied in recent antitrust cases.
A companion website featuring cases from the previous four editions is available at www.oup.com/us/antitrustrevolution.
Preface | ||
Contributors | ||
Introduction | 1 | |
Case 1 | Manifest Destiny? The Union Pacific and Southern Pacific Railroad Merger (1996) | 27 |
Case 2 | Prices, Market Definition, and the Effects of Merger: Staples-Office Depot (1997) | 52 |
Case 3 | Potential Competition and Local Telephone Service: The Bell Atlantic-NYNEX Merger (1997) | 73 |
Case 4 | The Long-Distance Industry: One Merger Too Many? MCI WorldCom and Sprint (2000) | 101 |
Case 5 | The BP Amoco-ARCO Merger: Alaskan Crude Oil (2000) | 128 |
Case 6 | Efficiencies and High Concentration: Heinz Proposes to Acquire Beech-Nut (2001) | 150 |
Case 7 | Antitrust and Higher Education: MIT Financial Aid (1993) | 188 |
Case 8 | Bidding, Bid Rigging, and School Milk Prices: Ohio v. Trauth (1994) | 211 |
Case 9 | Rapid Price Communication and Coordination: The Airline Tariff Publishing Case (1994) | 233 |
Case 10 | Global Cartels Redux: The Amino Acid Lysine Antitrust Litigation (1996) | 252 |
Case 11 | Sports League Issues: The Relocation of the Los Angeles Rams to St. Louis (1998) | 277 |
Case 12 | The Brand Name Prescription Drugs Antitrust Litigation (1999) | 301 |
Case 13 | Revisiting Maximum Resale Price Maintenance: State Oil v. Khan (1997) | 334 |
Case 14 | Technology Cross-Licensing Practices: FTC v. Intel (1999) | 350 |
Case 15 | Retailer-Instigated Restraints on Suppliers' Sales: Toys "R" Us (2000) | 373 |
Case 16 | Bundling: GE-Honeywell (2001) | 388 |
Case 17 | Links between Markets and Aftermarkets: Kodak (1997) | 428 |
Case 18 | Access and Network Effects in the "New Economy": AOL-Time Warner (2000) | 453 |
Case 19 | Maintenance of Monopoly: U.S. v. Microsoft (2001) | 476 |
Case 20 | The American Airlines Case: A Chance to Clarify Predation Policy (2001) | 502 |