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

White, Lawrence J.

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

NYU Working Paper No. 2451/26011

45 Pages Posted: 13 Oct 2008

See all articles by Lawrence J. White

Lawrence J. White

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

There are 2 versions of this paper

Date Written: January 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 whichthe 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

Suggested Citation: Suggested Citation

White, Lawrence J. and White, Lawrence J., The Growing Influence of Economics and Economists on Antitrust: An Extended Discussion (January 2008). NYU Working Paper No. 2451/26011, Available at SSRN: https://ssrn.com/abstract=1281895