An Instrumental Approach to Market Power and Antitrust Policy
Jeffrey Lynch Harrison
University of Florida - Levin College of Law
Southern Methodist University Law Review, Fall 2006
A market power analysis is a principal focus of most antitrust analyses. The current treatment of market power, however, is inconsistent with a view that market power is a marketable asset. In the absence of transaction costs, market power would only exist when there are off-setting consumer-benefitting effects. This Article discusses an approach to market power that is designed to allocate it efficiently.
Number of Pages in PDF File: 36
Keywords: monopoly, antitrust, market power, Coase
JEL Classification: D23, D42, K21
Date posted: September 20, 2006
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