The Antitrust Revolution: Economics, Competition, and Policy

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Author: John E. Kwoka

ISBN-10: 0195322975

ISBN-13: 9780195322972

Category: Antitrust Law

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; mergers—proposed or consummated—by...

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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; mergers—proposed or consummated—by 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.

PrefaceContributorsIntroduction1Case 1Manifest Destiny? The Union Pacific and Southern Pacific Railroad Merger (1996)27Case 2Prices, Market Definition, and the Effects of Merger: Staples-Office Depot (1997)52Case 3Potential Competition and Local Telephone Service: The Bell Atlantic-NYNEX Merger (1997)73Case 4The Long-Distance Industry: One Merger Too Many? MCI WorldCom and Sprint (2000)101Case 5The BP Amoco-ARCO Merger: Alaskan Crude Oil (2000)128Case 6Efficiencies and High Concentration: Heinz Proposes to Acquire Beech-Nut (2001)150Case 7Antitrust and Higher Education: MIT Financial Aid (1993)188Case 8Bidding, Bid Rigging, and School Milk Prices: Ohio v. Trauth (1994)211Case 9Rapid Price Communication and Coordination: The Airline Tariff Publishing Case (1994)233Case 10Global Cartels Redux: The Amino Acid Lysine Antitrust Litigation (1996)252Case 11Sports League Issues: The Relocation of the Los Angeles Rams to St. Louis (1998)277Case 12The Brand Name Prescription Drugs Antitrust Litigation (1999)301Case 13Revisiting Maximum Resale Price Maintenance: State Oil v. Khan (1997)334Case 14Technology Cross-Licensing Practices: FTC v. Intel (1999)350Case 15Retailer-Instigated Restraints on Suppliers' Sales: Toys "R" Us (2000)373Case 16Bundling: GE-Honeywell (2001)388Case 17Links between Markets and Aftermarkets: Kodak (1997)428Case 18Access and Network Effects in the "New Economy": AOL-Time Warner (2000)453Case 19Maintenance of Monopoly: U.S. v. Microsoft (2001)476Case 20The American Airlines Case: A Chance to Clarify Predation Policy (2001)502