The Oxford Handbook of International Antitrust Economics, Volume 1 (Oxford Handbooks)

More than any other area of regulation, antitrust economics shapes law and policy in the United States, the Americas, Europe, and Asia. In a number of different areas of antitrust, advances in theory and empirical work have caused a fundamental reevaluation and shift of some of the assumptions behind antitrust policy. This reevaluation has profound implications for the future of the field. The Oxford Handbook of International Antitrust Economics has collected chapters from many of the leading figures in antitrust. In doing so, this two volume Handbook provides an important reference guide for scholars, teachers, and practitioners. However, it is more than a merely reference guide. Rather, it has a number of different goals. First, it takes stock of the current state of scholarship across a number of different antitrust topics. In doing so, it relies primarily upon the economics scholarship. In some situations, though, there is also coverage of legal scholarship, case law developments, and legal policies. The second goal of the Handbook is to provide some ideas about future directions of antitrust scholarship and policy. Antitrust economics has evolved over the last 60 years. It has both shaped policy and been shaped by policy. The Oxford Handbook of International Antitrust Economics will serve as a policy and research guide of next steps to consider when shaping the future of the field of antitrust. More Than Any Other Area Of Regulation, Antitrust Economics Shapes Law And Policy In The United States, The Americas, Europe, And Asia. In A Number Of Different Areas Of Antitrust, Advances In Theory And Empirical Work Have Caused A Fundamental Reevaluation And Shift Of Some Of The Assumptions Behind Antitrust Policy. This Reevaluation Has Profound Implications For The Future Of The Field. This 'handbook' Has Collected Chapters From Many Of The Leading Figures In Antitrust. In Doing So, The 'handbook' Provides An Important Reference Guide For Scholars, Teachers, And Practitioners. However, The 'handbook' Is More Than A Merely Reference Guide. Rather, It Has A Number Of Different Goals. First, It Takes Stock Of The Current State Of Scholarship Across A Number Of Different Antitrust Topics. In Doing So, It Relies Primarily Upon The Economics Scholarship. However, In Some Situations, There Is Also Coverage Of Scholarship, Case Law Developments, And Policies That Are Legal In Nature. The Second Goal Of The 'handbook' Is To Provide Some Ideas About Future Directions Of Antitrust Scholarship And Policy. Antitrust Economics Has Evolved Over The Last 60 Years. It Has Both Shaped Policy And Been Shaped By Policy. The 'handbook' Will Serve As A Policy And Research Guide Of Next Steps To Consider When Shaping The Future Of The Field Of Antitrust.-- Introduction And Institutional Issues: Rationales For Antitrust : Economics And Other Bases / Daniel A. Crane -- Antitrust Enforcement Regimes : Fundamental Differences / Keith N. Hylton -- Economic Analysis Of Antitrust Exemptions / Peter Carstensen -- Healthcare Provider And Payer Markets / Cory S. Capps And David Dranove -- International Antitrust Institutions / Oliver Budzinski -- Competition Policy In Public Choice Perspective / Fred S. Mcchesney, Michael Reksulak, And William F. Shughart Ii -- Antitrust Settlements / Daniel L. Rubinfeld -- The Economics Of Antitrust Class Actions / Roger D. Blair And Christine Piette Durrance -- Behavioral Economics And Antitrust / Mark Armstrong And Steffen Huck -- Experimental Economics In Antitrust / Wieland Müller And Hans-theo Normann -- Optimal Antitrust Remedies : A Synthesis / William H. Page -- Private Antitrust Enforcement In The United States And The European Union : Standing And Antitrust Injury / Jeffrey L. Harrison -- Freedom To Trade And The Competitive Process / Aaron Edlin And Joseph Farrell. Monopoly : Structural Considerations: Monopoly And Dominant Firms : Antitrust Economics And Policy Approaches / Lawrence J. White -- Market Definition / Louis Kaplow -- Bilateral Monopoly : Economic Analysis And Antitrust Policy / Roger D. Blair And Christina Depasquale -- Antitrust, The Internet, And The Economics Of Networks / Daniel F. Spulber And Christopher S. Yoo -- The Antitrust Analysis Of Multisided Platform Businesses / David S. Evans And Richard Schmalensee. Mergers: Efficiency Claims And Antitrust Enforcement / Howard Shelanski -- Unilateral Effects / Bryan Keating And Robert D. Willig -- Coordinated Effects : Evolution Of Practice And Theory / Jith Jayaratne And Janusz Ordover -- Buyer Power In Merger Review / Dennis W. Carlton, Mary Coleman, And Mark Israel -- Vertical Mergers / Michael A. Salinger. Edited By Roger D. Blair And D. Daniel Sokol. Print Publication Date: Dec 2014. Published Online: Apr 2015. Includes Bibliographical References And Index. Cover Series The Oxford Handbook of International Antitrust Economics Copyright Contents List of Contributors Introduction Part I INTRODUCTION AND INSTITUTIONAL ISSUES 1 Rationales for Antitrust: Economics and Other Bases 2 Antitrust Enforcement Regimes: Fundamental Differences 3 Economic Analysis of Antitrust Exemptions 4 Healthcare Provider and Payer Markets 5 International Antitrust Institutions 6 Competition Policy in Public Choice Perspective 7 Antitrust Settlements 8 The Economics of Antitrust Class Actions 9 Behavioral Economics and Antitrust 10 Experimental Economics in Antitrust 11 Optimal Antitrust Remedies: A Synthesis 12 Private Antitrust Enforcement in the United States and the European Union: Standing and Antitrust Injury 13 Freedom to Trade and the Competitive Process part II MONOPOLY: STRUCTURAL CONSIDERATIONS 14 Monopoly and Dominant Firms: Antitrust Economics and Policy Approaches 15 Market Definition 16 Bilateral Monopoly: Economic Analysis and Antitrust Policy 17 Antitrust, the Internet, and the Economics of Networks 18 The Antitrust Analysis of Multisided Platform Businesses part III MERGERS 19 Efficiency Claims and Antitrust Enforcement 20 Unilateral Effects 21 Coordinated Effects: Evolution of Practice and Theory 22 Buyer Power in Merger Review 23 Vertical Mergers Index The Handbook examines the most important issues that arise in antitrust economics. Leading scholars in the field provide detailed critical analysis of developments across a number of different antitrust topics along with a detailed review of the literature. The Handbook is invaluable as a research and teaching tool.