A critical evaluation of the Chicago school of antitrust analysis:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English German |
| Published: |
Dordrecht u.a.
Kluwer
1989
|
| Series: | Studies in industrial organization
9 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVII, 132 S. |
| ISBN: | 9024737923 |
Staff View
MARC
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Record in the Search Index
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| adam_text | A Critical Evaluation of the
Chicago School of
Antitrust Analysis
by
INGO L O SCHMIDT
European Association for Law and Economics
and
JAN B RITTALER
European Association for Research in Industrial Economics
Kluwer Academic Publishers
Dordrecht / Boston / London
CONTENTS
Preface ix
Introduction xi
I The Perception of Competition as a Dynamic Process 1
II Premises and Assumptions of the Chicago School s Concept
of Competition 3
1 Rationality and Autonomy of Economic Agents 3
2 Perfectly Competitive Markets 7
3 Workability of the Market Mechanism 10
4 Long-run Effectiveness of the Market Process (Time
Horizon) 13
III Antitrust Theory and Public Policy 17
1 Market Structure Interference 17
2 Market Behavior Interference 18
IV The Chicago School s Approach to Antitrust Theory 21
1 Method of Competition Analysis 21
2 Consumer Welfare as Chicago s Antitrust Goal 26
a Measuring Consumer Welfare: The Efficiency
Criterion (Welfare Indicator) 33
i Allocative Efficiency 35
ii Productive Efficiency 36
vi
(1) Economies of Scale 37
(2) Transaction-Cost Efficiencies 43
iii Monopoly Power and Productive Efficiency:
Williamson s Trade-Off Model 44
b Allocative and Productive Efficiency as the Sole
Criterion for Consumer Welfare: A Critique 48
i The Omission of Other Objectives 48
ii The State of Perfect Competition as a Standard of
Reference (Theory of Second Best) 49
iii The Failure to Consider External Effects 50
iv The Profitability Approach as an Alternative
Concept of Efficiency Measurement 51
c The Omission of Dynamic Efficiency Aspects: The
Case of Technological Progress 57
i Firm Size and Technological Progress 58
ii Concentration and Technological Progress 61
iii The Chicago School and Technological Progress 63
V Evaluating Concentration from the Chicago Point of View 65
1 Corporate Size and Industry Concentration as Evidence of
Superior Efficiency 65
2 Causes of Monopoly Power 69
a Control of a Scarce Input 70
b Legal Protection of Monopoly Power 71
c Monopoly Power in the Long Run 72
3 Measuring Monopoly Power 72
4 Determinants of Market Structure and the Effectiveness of
Competition 74
a Barriers to Entry 74
b Advertising 81
c The Lack of an Oligopoly Theory 82
5 The Economic Effects of Mergers 84
a Horizontal Mergers 84
b Vertical Mergers 85
c Conglomerate Mergers 86
6 Anticoncentration Policy from the Chicago Point of View 87
a Merger Control 87
b Divestiture 89
c Deregulation 90
vii
VI The Evaluation of Anticompetitive Behavior 93
1 Explicit and Implicit Collusion 93
2 Exclusionary Practices 95
3 Tying Arrangements 96
4 Predatory Pricing 99
5 Resale Price Maintenance 101
VII A Critical Risumi of the Chicago Approach to Antitrust
Policy 105
1 Underlying Assumptions and Methodology 105
2 The Goals of Antitrust Policy 107
3 The Role of Theory and Empirical Evidence 110
4 Policy Recommendations 112
5 The Chicago School Approach as a Basis for Antitrust
Policy? 114
Bibliography 119
Index 129
|
| any_adam_object | 1 |
| author | Schmidt, Ingo 1932-2020 Rittaler, Jan B. |
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| dewey-search | 338.8 |
| dewey-sort | 3338.8 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-09T15:36:16Z |
| institution | BVB |
| isbn | 9024737923 |
| language | English German |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-001214600 |
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| physical | XVII, 132 S. |
| publishDate | 1989 |
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| publisher | Kluwer |
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| series | Studies in industrial organization |
| series2 | Studies in industrial organization |
| spelling | Schmidt, Ingo 1932-2020 Verfasser (DE-588)119494639 aut Die Chicago School of Antitrust Analysis A critical evaluation of the Chicago school of antitrust analysis by Ingo L. O. Schmidt and Jan B. Rittaler Dordrecht u.a. Kluwer 1989 XVII, 132 S. txt rdacontent n rdamedia nc rdacarrier Studies in industrial organization 9 Antitrustwetgeving gtt Chicago school (economie) gtt Economische filosofie gtt Libre entreprise École de Chicago (Économie politique) Chicago school of economics Free enterprise Antitrustpolitik (DE-588)4128555-4 gnd rswk-swf Chicago-Schule Wirtschaftswissenschaften (DE-588)4127089-7 gnd rswk-swf Wettbewerbstheorie (DE-588)4117638-8 gnd rswk-swf Wettbewerbstheorie (DE-588)4117638-8 s Chicago-Schule Wirtschaftswissenschaften (DE-588)4127089-7 s DE-604 Antitrustpolitik (DE-588)4128555-4 s Rittaler, Jan B. Verfasser aut Studies in industrial organization 9 (DE-604)BV000013681 9 HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=001214600&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Schmidt, Ingo 1932-2020 Rittaler, Jan B. A critical evaluation of the Chicago school of antitrust analysis Studies in industrial organization Antitrustwetgeving gtt Chicago school (economie) gtt Economische filosofie gtt Libre entreprise École de Chicago (Économie politique) Chicago school of economics Free enterprise Antitrustpolitik (DE-588)4128555-4 gnd Chicago-Schule Wirtschaftswissenschaften (DE-588)4127089-7 gnd Wettbewerbstheorie (DE-588)4117638-8 gnd |
| subject_GND | (DE-588)4128555-4 (DE-588)4127089-7 (DE-588)4117638-8 |
| title | A critical evaluation of the Chicago school of antitrust analysis |
| title_alt | Die Chicago School of Antitrust Analysis |
| title_auth | A critical evaluation of the Chicago school of antitrust analysis |
| title_exact_search | A critical evaluation of the Chicago school of antitrust analysis |
| title_full | A critical evaluation of the Chicago school of antitrust analysis by Ingo L. O. Schmidt and Jan B. Rittaler |
| title_fullStr | A critical evaluation of the Chicago school of antitrust analysis by Ingo L. O. Schmidt and Jan B. Rittaler |
| title_full_unstemmed | A critical evaluation of the Chicago school of antitrust analysis by Ingo L. O. Schmidt and Jan B. Rittaler |
| title_short | A critical evaluation of the Chicago school of antitrust analysis |
| title_sort | a critical evaluation of the chicago school of antitrust analysis |
| topic | Antitrustwetgeving gtt Chicago school (economie) gtt Economische filosofie gtt Libre entreprise École de Chicago (Économie politique) Chicago school of economics Free enterprise Antitrustpolitik (DE-588)4128555-4 gnd Chicago-Schule Wirtschaftswissenschaften (DE-588)4127089-7 gnd Wettbewerbstheorie (DE-588)4117638-8 gnd |
| topic_facet | Antitrustwetgeving Chicago school (economie) Economische filosofie Libre entreprise École de Chicago (Économie politique) Chicago school of economics Free enterprise Antitrustpolitik Chicago-Schule Wirtschaftswissenschaften Wettbewerbstheorie |
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