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Some Inconvenient Truths About Antitrust Law and Economics

University of Florida Levin College of Law Research Paper No. 17-1

10 Pages Posted: 23 Jan 2017  

Jeffrey Lynch Harrison

University of Florida - Levin College of Law

Multiple version iconThere are 2 versions of this paper

Date Written: April 25, 2016

Abstract

For years those teaching and writing about antitrust law have stressed three basic goals - consumer surplus, allocative efficiency, and productive efficiency. Rarely, if ever, are the limitations of those goals revealed to readers. For example, in determining costs of production, external costs are not accounted for. This means that the firm most able to externalize its cost by one means or another will appear to be the more efficient and will be given broad leeway as far as avoiding liability. The Essay discusses this and other problems inherent in the goals set out for antitrust law.

Keywords: economics, consumer surplus, allocative efficiency, antitrust law, externalities

JEL Classification: K21, H23, D11, A23, A13, A12, A1

Suggested Citation

Harrison, Jeffrey Lynch, Some Inconvenient Truths About Antitrust Law and Economics (April 25, 2016). University of Florida Levin College of Law Research Paper No. 17-1. Available at SSRN: https://ssrn.com/abstract=2902719 or http://dx.doi.org/10.2139/ssrn.2902719

Jeffrey Harrison (Contact Author)

University of Florida - Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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