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http://ssrn.com/abstract=1031166
 
 

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Rethinking Antitrust Law in an Age of Network Industries


George L. Priest


Yale University - Law School

2007

Yale Law & Economics Research Paper No. 352

Abstract:     
Economists have recognized the increasing role of network industries in our modern economy and have substantially advanced the understanding of network economics. This paper discusses how the special economic features of networks and, in particular, practices that networks adopt to enhance network benefits, requires a reconceptualization of modern antitrust analysis. The proposition is demonstrated by the example of several recent antitrust prosecutions of network practices where the economics of networks were largely ignored. The paper also discusses many cases in the antitrust canon that are more adequately analyzed when the network character of the practice is taken into account. The paper propose a reorganization of antitrust analysis to distinguish the fundamental economic analysis of network practices from the analysis of horizontal and vertical industrial practices.

Number of Pages in PDF File: 43

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Date posted: November 19, 2007 ; Last revised: November 21, 2007

Suggested Citation

Priest, George L., Rethinking Antitrust Law in an Age of Network Industries (2007). Yale Law & Economics Research Paper No. 352. Available at SSRN: http://ssrn.com/abstract=1031166

Contact Information

George L. Priest (Contact Author)
Yale University - Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
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