By Keith N. Hylton
This finished publication offers an in depth evaluate of the foremost themes of antitrust legislations from an fiscal standpoint. Its in-depth therapy and research of either the legislation and economics of antitrust is gifted through a set of interconnected unique essays. The contributing authors are one of the such a lot influential students in antitrust, with a wealthy variety of backgrounds. Their entries conceal, among different matters, predatory pricing, crucial amenities, tying, vertical restraints, enforcement, mergers, marketplace energy, monopolization criteria, and facilitating practices. This well-organized and huge paintings might be important to professors of yank antitrust legislation and eu pageant legislations, in addition to scholars focusing on pageant legislations. it is going to even be a major reference for professors and graduate scholars of economics and company.
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Additional resources for Antitrust Law and Economics, 2nd edition (Encyclopedia of Law and Economics)
But the presence of facilitating practices does not avoid the antecedent problem of inferring an agreement. 67 The same principles that prevent courts from inferring an agreement based on parallel pricing, also often prevent them from inferring an agreement from parallel pricing accompanied by facilitating practices. I suggest below that cases involving facilitating practices are best understood if they are evaluated under a definition of agreement that requires communication of reliance and intent.
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Facilitating practices are a species of oligopoly behavior, and therefore relevant to the analysis of a variety of practices under the antitrust laws. The enforcement agencies’ 1992 Merger Guidelines, for example, observe that ‘reaching terms of coordination may be facilitated . . 12 This role of facilitating practices is examined in Chapter 10. In this chapter, I will consider the role of facilitating practices in the analysis of collusion under Section 1 of the Sherman Act. Section 1 prohibits every ‘contract, combination .
Antitrust Law and Economics, 2nd edition (Encyclopedia of Law and Economics) by Keith N. Hylton