Behavioral Economics and U.S. Antitrust Policy

23 Pages Posted: 17 Jul 2015

See all articles by Elizabeth M. Bailey

Elizabeth M. Bailey

University of California, Berkeley - Haas School of Business

Date Written: July 15, 2015

Abstract

Modern day antitrust policy is grounded firmly in neoclassical economics. It is important, however, to test whether the modelling assumptions accord with the facts. It is also important to assess whether behavior that deviates from the conventional assumptions is systematic and persistent. If the relevant facts suggest that consumers or firms might behave in ways that depart from conventional assumptions, then private parties, government agencies and the courts should consider alternate economic models that account appropriately for the observed behavior.

Keywords: Antitrust, Behavioral Economics, Competition Policy, Mergers

JEL Classification: D21

Suggested Citation

Bailey, Elizabeth M., Behavioral Economics and U.S. Antitrust Policy (July 15, 2015). Review of Industrial Organization, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2631062

Elizabeth M. Bailey (Contact Author)

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States

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