Monopoly and Dominant Firms: Antitrust Economics and Policy Approaches

47 Pages Posted: 5 Sep 2013

See all articles by Lawrence J. White

Lawrence J. White

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

Date Written: September 2013

Abstract

This chapter addresses issues in antitrust economics that related to the exercise of market power by a monopoly or by a dominant firm. We start by presenting the standard textbook treatments of monopoly and the dominant firm and then discuss the non-trivial issues of what constitutes a real-world monopoly (or dominant firm) and how to identify it. With that as a basis, we discuss five categories of antitrust actions that can be used to limit the exercise of market power by a monopoly or dominant firm.

Keywords: Monopoly; dominant firm; market power, antitrust; Lerner Index; predation; exclusion

Suggested Citation

White, Lawrence J., Monopoly and Dominant Firms: Antitrust Economics and Policy Approaches (September 2013). NYU Working Paper No. 2451/31979. Available at SSRN: https://ssrn.com/abstract=2321110

Lawrence J. White (Contact Author)

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

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

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