Abstract

http://ssrn.com/abstract=1317859
 
 

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Toward a Positive Economic Theory of Antitrust


Mark F. Grady


University of California, Los Angeles (UCLA) - School of Law

1992

Economic Inquiry, Vol. 30, p. 225, April 1992
UCLA School of Law, Law-Econ Research Paper No. 08-23

Abstract:     
Most economists associate antitrust policy with the Sherman and Clayton Acts. Nonetheless, there is in England and America a much older body of antitrust law, namely, the common law of restraint of trade. This regulation, like language and markets, evolved over a long period of time. This article examines whether the rules that the common law courts developed can be explained by a hypothetical wish to maximize social wealth and concludes that many of them can be. The last part of the article outlines a theory of legal evolution.

Number of Pages in PDF File: 27

Keywords: antitrust law, comman law of restraint of trade, legal history

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Date posted: December 18, 2008  

Suggested Citation

Grady, Mark F., Toward a Positive Economic Theory of Antitrust (1992). Economic Inquiry, Vol. 30, p. 225, April 1992; UCLA School of Law, Law-Econ Research Paper No. 08-23. Available at SSRN: http://ssrn.com/abstract=1317859

Contact Information

Mark F. Grady (Contact Author)
University of California, Los Angeles (UCLA) - School of Law ( email )
385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States
310-206-1856 (Phone)
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