How the Chicago School Overshot the Mark

The Efect of Conservative Economic Analysis on U.S. Antitrust

Author: Robert Pitofsky

Publisher: Oxford University Press

ISBN: 9780199706754

Category: Law

Page: 328

View: 2635

How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chicago School doctrine originated in academia and was popularized in books by brilliant and innovative law professors like Robert Bork and Richard Posner. Oddly, a response to that kind of conservative doctrine may be put together through collections of scores of articles but until now cannot be found in any one book. This collection of essays is designed in part to remedy that situation. The chapters in this book were written by academics, former law enforcers, private sector defense lawyers, Republicans and Democrats, representatives of the left, right and center. Virtually all agree that antitrust enforcement today is better as a result of conservative analysis, but virtually all also agree that there have been examples of extreme interpretations and misinterpretations of conservative economic theory that have led American antitrust in the wrong direction. The problem is not with conservative economic analysis but with those portions of that analysis that have "overshot the mark" producing an enforcement approach that is exceptionally generous to the private sector. If the scores of practices that traditionally have been regarded as anticompetitive are ignored, or not subjected to vigorous enforcement, prices will be higher, quality of products lower, and innovation diminished. In the end consumers will pay.
Posted in Law

How the Chicago School Overshot the Mark

The Effect of Conservative Economic Analysis on U.S. Antitrust

Author: Robert Pitofsky

Publisher: Oxford University Press on Demand

ISBN: 0195339762

Category: Business & Economics

Page: 309

View: 893

The essays collected in this book concern the rise and recent fall of American antitrust. Of the 15 essays, almost all express a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare.
Posted in Business & Economics

How the Chicago School Overshot the Mark

The Effect of Conservative Economic Analysis on U.S. Antitrust

Author: Robert Pitofsky

Publisher: Oxford University Press

ISBN: 0195372824

Category: Business & Economics

Page: 309

View: 5710

The essays collected in this book concern the rise and recent fall of American antitrust. Of the 15 essays, almost all express a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare.
Posted in Business & Economics

Research in the History of Economic Thought and Methodology

A Research Annual

Author: Ross B. Emmett,Jeff E. Biddle

Publisher: Emerald Group Publishing

ISBN: 0857240609

Category: Business & Economics

Page: 452

View: 7552

Includes the articles that highlight research on the role of western economic advisors in China before the Communist Revolution, minimum wage legislation, a symposium on Clement Juglar, and a comparison of the work in the history of economics and the history of science.
Posted in Business & Economics

Handbook on European Competition Law

Substantive Aspects

Author: Ioannis Lianos,Damien Geradin

Publisher: Edward Elgar Publishing

ISBN: 1781006024

Category: Law

Page: 688

View: 5464

This Handbook will be an indispensable reference work for practitioners and scholars, as well as for those in an enforcement environment.
Posted in Law

Competition as public policy

Author: N.A

Publisher: American Bar Association

ISBN: 9781616327644

Category:

Page: N.A

View: 9836

Posted in

The Business of America is Lobbying

How Corporations Became Politicized and Politics Became More Corporate

Author: Lee Drutman

Publisher: Oxford University Press

ISBN: 0190215534

Category: Political Science

Page: 240

View: 4914

Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.
Posted in Political Science

Antitrust Paradox

Author: Robert H. Bork

Publisher: Free Press

ISBN: 9780029044568

Category: Law

Page: 479

View: 2776

Since it first appeared in 1978, this seminal work by one of the foremost American legal minds of our age has dramatically changed the way the courts view government's role in private affairs. Now reissued with a new introduction and epilogue by the author, this classic shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. Robert Bork's view of antitrust law has had a profound impact on how the law has been both interpreted and applied. The Antitrust Paradox illustrates how the purpose and integrity of law can be subverted by those who do not understand the reality law addresses or who seek to make it serve unintended political and social ends. - Back cover.
Posted in Law

Is There Life After Trinko and Credit Suisse

The Role of Antitrust in Regulated Industries : Hearing Before the Subcommittee on Courts and Competition Policy of the Committee on the Judiciary, House of Representatives, One Hundred Eleventh Congress, Second Session, June 15, 2010

Author: Howard Shelanski

Publisher: N.A

ISBN: N.A

Category: Antitrust law

Page: 135

View: 5852

Posted in Antitrust law

Symposium conference report

antitrust policy in the new administration

Author: George Mason University. School of Law

Publisher: N.A

ISBN: N.A

Category: Law

Page: 301

View: 8186

Posted in Law

The Design of Competition Law Institutions

Global Norms, Local Choices

Author: Eleanor M Fox,Michael J Trebilcock

Publisher: Oxford University Press

ISBN: 0199670048

Category: Law

Page: 503

View: 4283

Examining the procedure, process, and performance norms of national, regional (EU), and international competition law systems, this book is written by an international team of leading scholars who use case studies to reflect on global norms. These global norms include due process rights for litigants, reasonable expedition in adjudication, and knowledgeable decision-making.
Posted in Law

How Will the Proposed Merger Between AT & T and T-Mobile Affect Wireless Telecommunications Competition?

Hearing Before the Subcommittee on Intellectual Property, Competition, and the Internet of the Committee on the Judiciary, House of Representatives, One Hundred Twelfth Congress, First Session, May 26, 2011

Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Intellectual Property, Competition, and the Internet

Publisher: N.A

ISBN: N.A

Category: Cell phone services industry

Page: 320

View: 7674

Posted in Cell phone services industry

Global Trade Analysis

Modeling and Applications

Author: Thomas W. Hertel,Thomas Warren Hertel

Publisher: Cambridge University Press

ISBN: 9780521643740

Category: Business & Economics

Page: 403

View: 4367

This book, drawn from the Global Trade Analysis Project (GTAP), aims to help readers conduct quantitative analysis of international trade issues in an economy-wide framework. In addition to providing a succinct introduction to the GTAP modeling framework and data base, this book contains seven of the most refined GTAP applications undertaken to date, covering topics ranging from trade policy, to the global implications of environmental policies, factor accumulation and technological change.
Posted in Business & Economics

Consumers, Competition, and Consolidation in the Video and Broadband Market

Hearing Before the Subcommittee on Communications, Technology, and the Internet of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Eleventh Congress, Second Session, March 11, 2010

Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Communications, Technology, and the Internet

Publisher: N.A

ISBN: N.A

Category: Broadband communication systems

Page: 155

View: 8076

Posted in Broadband communication systems

More Common Ground for International Competition Law?

Author: Josef Drexl,Warren S. Grimes,Clifford A. Jones

Publisher: Edward Elgar Publishing

ISBN: 0857938193

Category: Law

Page: 312

View: 5413

'This volume contains many excellent chapters on some of the most cutting edge topics in competition law today. Among the contributions are assessments of new approaches to competition law analysis, analyses of central and controversial topics in the relationship between competition law and intellectual property, and explorations of new transnational developments in China and elsewhere. The chapters range from studies of specific cases to broad interpretations of major trends. I found many of them to be highly insightful and very useful.' – David J. Gerber, Chicago-Kent College of Law, US 'This fresh collection of essays by scholars from around the world lives up to its title: it stakes out more common ground for the competition law systems of nations. The chapters result from the fourth annual conference of the Academic Society for Competition Law (ASCOLA). The essays cover major issues that reverberate around the world today, including: How should we think about the economic foundations of competition law in view of new research on behavioral economics and consumer choice? What is the future of the treatment of resale price maintenance? What is the proper fit of intellectual property with competition law? And how do we promote competition law and policy across borders? The collection offers insight from law, economics, political science, business strategy, and history.' – Eleanor Fox, New York University, US In recent years, an impressive proliferation of competition laws has been seen around the world. Whilst this development may lead to greater diversity of approaches, economic arguments may promote convergence. The contributions to this book look at a number of most topical issues by asking whether the competition world is turning more towards convergence or diversity. These issues include, among others, the changing role of economics in times of economic crises and political change, the introduction of criminal sanctions, resale-price maintenance, unilateral conduct and the application of competition law to intellectual property and state-owned enterprises. More Common Ground for International Competition Law will appeal to academics, PhD students, and postgraduate students law and economics, members of competition agencies, legal practice and international business.
Posted in Law

Antitrust Stories

Author: Eleanor M. Fox,Daniel A. Crane

Publisher: N.A

ISBN: N.A

Category: Law

Page: 399

View: 5124

In Antitrust Stories, a group of prominent antitrust scholars and practitioners brings to life thirteen of the greatest antitrust cases ever litigated. The volume is edited by Eleanor Fox and Dan Crane and chapter authors include Bob Pitofsky, Dan Rubinfeld, George Priest, Al Klevorick, and Alan Sykes, and many other leaders in the field. Cases have been selected to provide a historical sampling of different eras of antitrust enforcement and range from Standard Oil at the founding of U.S. antitrust to Microsoft in the new economy. Drawing on history, economics, politics, and law, Antitrust Stories provides a glimpse behind the texts of well-known legal opinions into the larger-than-life personalities and struggles of their antagonists and protagonists. Find out why Interior Secretary Harold Ickes was furious with the Antitrust Division over the Socony indictment and why the Superior Court Trial Lawyer s Association s litigation strategy backfired on them. This title is an inv
Posted in Law

Nominations of Katharine G. Abraham, Carl Shapiro, and Peter A. Diamond

Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Twelfth Congress, First Session, on the Nominations of Katharine G. Abraham, of Iowa, to be a Member of the Council of Economic Advisers; Carl Shapiro, of California, to be a Member of the Council of Economic Advisers; Peter A. Diamond, of Massachusetts, to be a Member of the Board of Governors, Federal Reserve System, March 8, 2011

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Publisher: N.A

ISBN: N.A

Category:

Page: 84

View: 4802

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The State of State Reforms in Latin America

Author: Eduardo Lora

Publisher: World Bank Publications

ISBN: 9780821365762

Category: Political Science

Page: 470

View: 1346

Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of institutional or 'second generation' reforms. 'The State of State Reform in Latin America' reviews and assesses the outcomes of these less studied institutional reforms. This book examines four major areas of institutional reform: a. political institutions and the state organization; b. fiscal institutions, such as budget, tax and decentralization institutions; c. public institutions in charge of sectoral economic policies (financial, industrial, and infrastructure); and d. social sector institutions (pensions, social protection, and education). In each of these areas, the authors summarize the reform objectives, describe and measure their scope, assess the main outcomes, and identify the obstacles for implementation, especially those of an institutional nature.
Posted in Political Science

Trade Secrets

Law and Practice

Author: David W. Quinto,Stuart H. Singer

Publisher: Lexis Nexis

ISBN: 0199767572

Category: Law

Page: 582

View: 9849

This book assembles case law analysis and strategic advice on prosecuting and defending trade secret misappropriation actions, maintaining legally sufficient trade secret protection measures, and supervising outside attorneys in the course of litigation. This book is an invaluable resource for both firm-based litigators and in-house attorneys, and it sets a new standard for the insightful analysis of U.S. trade secret law and practice.
Posted in Law