Antitrust Policy: A Century of Economic and Legal Thinking | Zendy

William E. Kovacic | Zendy; Carl Shapiro | Zendy

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Antitrust Policy: A Century of Economic and Legal Thinking

Author(s) -

William E. Kovacic,

Carl Shapiro

Publication year - 2000

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.14.1.43

Subject(s) - monopolization , statute , supreme court , consent decree , monopoly , competition (biology) , enforcement , rule of reason , law , collusion , predatory pricing , economics , law and economics , political science , market economy , ecology , biology , microeconomics

This article follows the evolution of thinking about competition since the passage of the Sherman Act in 1890 as reflected by major antitrust decisions and research in industrial organization. We divide the U.S. antitrust experience into five periods and discuss each period's legal trends and economic thinking in three core areas of antitrust: cartels, cooperation, or other interactions among independent firms; abusive conduct by dominant firms; and mergers.

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