New Antitrust Realism
Global Competition Policy Magazine, Jan. 2009
22 Pages Posted: 8 Jan 2009 Last revised: 22 Feb 2012
Date Written: January 6, 2009
In the midst of a failing economy, the incoming Obama administration will not likely adopt its predecessor's antitrust policies. So if change is afoot, what form should change take? This essay outlines the needed transformative change in today's competition policy. The essay proposes more empirical analysis by the U.S. competition authorities, outlines how behavioral economics can assist in this new antitrust realism, and concludes in explaining why such antitrust realism is needed.
Keywords: Antitrust, Sherman Act, Law & Economics, Behavioral Economics, Competition Policy
JEL Classification: K21, L40
Suggested Citation: Suggested Citation