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An Instrumental Approach to Market Power and Antitrust Policy

36 Pages Posted: 20 Sep 2006  

Jeffrey Lynch Harrison

University of Florida - Levin College of Law

Abstract

A market power analysis is a principal focus of most antitrust analyses. The current treatment of market power, however, is inconsistent with a view that market power is a marketable asset. In the absence of transaction costs, market power would only exist when there are off-setting consumer-benefitting effects. This Article discusses an approach to market power that is designed to allocate it efficiently.

Keywords: monopoly, antitrust, market power, Coase

JEL Classification: D23, D42, K21

Suggested Citation

Harrison, Jeffrey Lynch, An Instrumental Approach to Market Power and Antitrust Policy. Southern Methodist University Law Review, Fall 2006. Available at SSRN: https://ssrn.com/abstract=931183

Jeffrey Lynch 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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