TITLE

ANTITRUST IN AN ERA OF MARKET FAILURE

AUTHOR(S)
Devlin, Alan
PUB. DATE
March 2010
SOURCE
Harvard Journal of Law & Public Policy;Spring2010, Vol. 33 Issue 2, p557
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The author discusses the concept of antitrust law in the event of a market failure in the U.S. and its possible revision following the country's financial meltdown. He states that antitrust law understands the market where monopoly conditions attract capital which results to greater competition, lower prices and social welfare. He says that U.S. antitrust law offered a narrow but long-term efficiency goal but explicitly relies on price theory. He claims however that the financial crisis predicament suggested shift in the antitrust policy.
ACCESSION #
50882336

 

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