Market Dominance and Antitrust Policy by M. A. Utton

Posted by

By M. A. Utton

Industry dominance - encompassing single-firm dominance, overt and tacit collusion, mergers and vertical restraints - increases many complicated analytical and coverage matters, all of which stay the topic of theoretical examine and coverage reform. This moment variation of this article extends the arguments and combines an research of the problems with a dialogue of exact coverage and case experiences. It addresses the basic alterations in anti-trust legislations, in particular within the united kingdom and the ecu, and reports a few excessive profile and arguable instances akin to the Boeing-McDonnell Douglas merger and the Microsoft monopoly. the writer strikes directly to take care of a number of unresolved questions together with the conflicts among exchange and anti-trust coverage, the overseas take-over of family resources and extra-territorial claims made via sure nations.

Show description

Read Online or Download Market Dominance and Antitrust Policy PDF

Similar industries books

Julius Rosenwald: The Man Who Built Sears, Roebuck And Advanced the Cause of Black Education in the American South (Philanthropic and Nonprofit Studies)

"This is the 1st severe biography of the exuberant guy who remodeled the Sears, Roebuck corporation into the country's such a lot very important save. He was once additionally one of many early twentieth century's striking philanthropists. . . . The richness of basic facts always delights. " --Judith Sealander, writer of personal Wealth and Public lifestyles "[No] mere philanthropist [but a] sophisticated, stinging critic of our racial democracy.

Behind the Scenes at the Science Museum

What is going on in the back of closed doorways at museums? How are judgements approximately exhibitions made and who, or what, fairly makes them? Why are convinced gadgets and forms of exhibit selected while others are rejected, and what components impression how museum exhibitions are produced and skilled? This e-book solutions those looking out questions through giving a privileged glance ‘behind the scenes’ on the technological know-how Museum in London.

Locality and inequality : farm and industry structure and socioeconomic conditions

This e-book explores how the new restructuring of farming and has affected monetary and social equality within the usa. the writer explains how the farm area has passed through a dramatic restructuring with profound results. Moderate-size relatives farms, the mainstay of yankee agriculture, have declined in the course of the postwar interval and are actually lower than serious monetary pressure.

Extra resources for Market Dominance and Antitrust Policy

Sample text

III Some evidence on market dominance Given the importance of market dominance in economic analysis and to antitrust policy, it is hardly surprising that considerable effort has gone into its measurement, both for single years and over time. The main purpose of this section is thus to discuss some of these estimates, largely derived from the UK. A useful starting-point in an enquiry into possible positions of market dominance is to observe the extent to which sales are concentrated in the hands of a few sellers.

If the working of an economy allows the emergence of such rents, many individuals will find it profitable to expend resources for The economic analysis of market dominance 23 this purpose. Some advertising may have this objective but so also may expenditures on lobbying, public relations, political contributions and even bribery. To the extent that the Cowling and Mueller estimates effectively draw attention to the potential waste involved in these activities they have served their purpose. However, the argument can be taken one stage further.

In this case, the firm could be classed as a natural monopoly; see Stigler (1968, ch. 6). 2. f. Leibenstein, 1978, with Stigler, 1976). 26 Market dominance and antitrust policy 3. For an early airing of the controversy, see Rowley (1969) and Sutherland (1971). More recent and opposing views appear in Fisher and McGowan (1983) and Kay (1987). 4. This line of reasoning has led two distinguished US authorities to argue that where appropriate all sales of ‘distant’ producers including foreign firms should be included in the calculation of market shares in antitrust cases.

Download PDF sample

Rated 4.83 of 5 – based on 16 votes