Antitrust Policy and Vertical Restraints
Edited by Robert W. Hahn
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Antitrust Policy and Vertical Restraints by Robert W. Hahn
Book DescriptionAntitrust law is intended to protect consumer welfare and foster competition. At first glance, however, it is often unclear whether certain business practices have positive or detrimental effects. Businesses frequently engage in activities that may appear anticompetitive on the surface, but are actually beneficial to consumers. Business tying practices, for example, make the sale of one product conditional upon the sale of another product. This practice can either deprive consumers of choice and drive up prices or lower costs and improve convenience. Therefore, it is critical that policymakers have a keen understanding of which vertical restraints --limitations imposed on businesses by firms located in the production chain --are likely to harm consumers more than they benefit competition. In order to formulate economically efficient policies, they must be able to identify and limit those practices that are likely to do more harm than good. In A ntitrust Policy and Vertical Restraints a group of leading scholars takes a hard look at how restraints limit the conditions under which firms may purchase, sell, or resell a good or service. The authors, representing both sides of the antitrust debate over tying practices, provide a uniquely broad perspective on this critical economic policy issue. Contributors include Dennis Carlton (University of Chicago), David Evans (University College London), Bruce Kobayashi (George Mason University), and Michael Waldman (Cornell University).
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Book DetailsISBN: 9780815733911
(229mm x 152mm x 8mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 12-Jul-2006
Country of Publication: United States
Books By Author Robert W. Hahn
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High-Stakes Antitrust, Paperback (August 2003)
After nearly twenty years of a ""less is more"" approach to antitrust, the Department of Justice under the Clinton administration took action against several major corporations that rely on financial, transportation, and electronic networks to support their business --Visa/MasterCard, American Airlines, and Microsoft.
Risks, Costs and Lives Saved, Hardback (June 1996)» View all books by Robert W. Hahn
The studies in this edited volume will use economic analysis of key issues of health and environmental risk management, showing how the policy process can be improved through the application of sound principles from economics and the natural sciences.
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Author Biography - Robert W. Hahn
Robert W. Hahn is co-founder and executive director of the American Enterprise Institute Brookings Joint Center for Regulatory Studies and a resident scholar at AEI, Washington, D.C., USA. He has served as a consultant to government and industry on a variety of issues involving regulation and antitrust.
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