United States Department of Justice, Antitrust Division Public Roundtable Series on the Relationship between Competition and Regulation, Third Roundtable – on Anticompetitive Regulations: Comment of the Global Antitrust Institute, Antonin Scalia Law School, George Mason University

George Mason Law & Economics Research Paper No. 18-16

18 Pages Posted: 4 Jun 2018 Last revised: 11 Jun 2018

See all articles by Tad Lipsky

Tad Lipsky

George Mason University - Antonin Scalia Law School

Joshua D. Wright

George Mason University - Antonin Scalia Law School, Faculty

Douglas H. Ginsburg

U.S. Court of Appeals for the District of Columbia Circuit; George Mason University - Antonin Scalia Law School, Faculty

John M. Yun

George Mason University - Antonin Scalia Law School, Faculty

Date Written: June 1, 2018

Abstract

This Comment is submitted to the United States Department of Justice (DOJ), Antitrust Division Public Roundtable Series on Competition and Deregulation, Third Roundtable On Anticompetitive Regulations. The Global Antitrust Institute's Competition Advocacy Program applauds the DOJ for acknowledging the limitations of price regulation and the unintended consequences that can arise when competitive forces are displaced. We discuss three aspects of government price controls to regulate competition: (1) the social costs of price regulation in a market economy, (2) the problematic history of price regulation and its consequences, and (3) examples of modern price regulation and the role of antitrust.

Keywords: price, regulation, antitrust, natural monopoly, market failure,

JEL Classification: K21, K23, L11, L43, L51

Suggested Citation

Lipsky, Tad and Wright, Joshua D. and Ginsburg, Douglas H. and Yun, John M., United States Department of Justice, Antitrust Division Public Roundtable Series on the Relationship between Competition and Regulation, Third Roundtable – on Anticompetitive Regulations: Comment of the Global Antitrust Institute, Antonin Scalia Law School, George Mason University (June 1, 2018). George Mason Law & Economics Research Paper No. 18-16. Available at SSRN: https://ssrn.com/abstract=3189210 or http://dx.doi.org/10.2139/ssrn.3189210

Tad Lipsky

George Mason University - Antonin Scalia Law School ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

Joshua D. Wright (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

Douglas H. Ginsburg

U.S. Court of Appeals for the District of Columbia Circuit ( email )

333 Constitution Ave NW
Room 5523
Washington, DC 20001
United States

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

John M. Yun

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

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