The Growing Influence of Economics and Economists on Antitrust: An Extended Discussion

White, Lawrence J.

doi:10.2139/ssrn.1091531

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The Growing Influence of Economics and Economists on Antitrust: An Extended Discussion

NYU Law and Economics Research Paper No. 08-07

Reg-Markets Center Working Paper No. 08-05

42 Pages Posted: 10 Feb 2008

See all articles by Lawrence J. White

Lawrence J. White

Stern School of Business, New York University; New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

There are 2 versions of this paper

Date Written: February 1, 2008

Abstract

Over the past two to three decades economics has played an increasingly important role in the development of U.S. antitrust enforcement and policy. This essay first reviews the major facets of U.S. antitrust enforcement and next reviews the ways in which economics - starting from a low base - has grown in importance in antitrust. The essay then highlights three antitrust areas in which the influence of economics has had the greatest influence: merger analysis, vertical relationships, and predatory pricing. The essay concludes with the identification of four antitrust areas where further economics analysis could have high returns.

Keywords: Antitrust; industrial organization; merger analysis; vertical relationships

JEL Classification: K21, L40, L41, L42

Suggested Citation: Suggested Citation

White, Lawrence J. and White, Lawrence J., The Growing Influence of Economics and Economists on Antitrust: An Extended Discussion (February 1, 2008). NYU Law and Economics Research Paper No. 08-07, Reg-Markets Center Working Paper No. 08-05, Available at SSRN: https://ssrn.com/abstract=1091531 or http://dx.doi.org/10.2139/ssrn.1091531