The Antitrust Revolution Economics, Competition, and Policy

by Kwoka, John E.; White, Lawrence J.

• ISBN13: 9780195161182
• ISBN10: 0195161181
• Edition: 4th
• Format: Paperback
• Copyright: 2003-07-17
• Publisher: Oxford University Press

Summary

The Antitrust Revolution: Economics, Competition, and Policy, 4/e,consists of a set of twenty original essays on important recent antitrust cases,commissioned and edited by John E. Kwoka, Jr. and Lawrence J. White. Each essaydiscusses a single case and was written by an economist who actuallyparticipated in the case. The cases are organized into three major sections:horizontal structure; horizontal practices; and vertical and complementarymarket issues. Each section has an introductory/overview essay written by theeditors.This collection is a unique resource. No other book provides such detailedeconomic analyses of antitrust cases. No other book provides the comprehensivecoverage of recent and emerging issues as does this volume. None draws on theexperience and reputation of so many leading economists to explain the analysesthat underlay the arguments in their cases.The Antitrust Revolution, 4/e, can be used in undergraduate and graduateclasses in industrial organization, government policy, and antitrust/regulationlaw and economics. It is also a useful reference book for lawyers andeconomists--both academics and practitioners--who are interested in the types ofeconomic analyses that have been applied in recent antitrust cases.For this fourth edition, fourteen new cases have been added, and six casesfrom the third edition have been updated and shortened. Among the importantrecent antitrust cases covered in the book are the British Petroleum/ARCO merger(2000), Toys "R" S (2000), American Airlines (2001), US vs. Microsoft (2001),and AOL Time Warner (2000).

Table of Contents

Preface	xi
Contributors	xiii
Introduction	1	(7)
PART I. Horizontal Structure
The Economic and Legal Context	8	(19)
Manifest Destiny? The Union Pacific and Southern Pacific Railroad Merger (1996)	27	(25)
John E. Kwoka, Jr.
Lawrence J. White
Prices, Market Definition, and the Effects of Merger: Staples-Office Depot (1997)	52	(21)
Serdar Dalkir
Frederick R. Warren-Boulton
Potential Competition and Local Telephone Service: The Bell Atlantic-NYNEX Merger (1997)	73	(28)
Steven R. Brenner
The Long-Distance Industry: One Merger Too Many? MCI WorldCom and Sprint (2000)	101	(27)
Michael D. Pelcovits
The BP Amoco-ARCO Merger: Alaskan Crude Oil (2000)	128	(22)
Jeremy Bulow
Carl Shapiro
Efficiencies and High Concentration: Heinz Proposes to Acquire Beech-Nut (2001)	150	(38)
Jonathan B. Baker
PART II. Horizontal Practices
The Economic and Legal Context	172	(16)
Antitrust and Higher Education: MIT Financial Aid (1993)	188	(23)
Gustavo E. Bamberger
Dennis W. Carlton
Bidding, Bid Rigging, and School Milk Prices: Ohio v. Trauth (1994)	211	(22)
Robert Porter
J. Douglas Zona
Rapid Price Communication and Coordination: The Airline Tariff Publishing Case (1994)	233	(19)
Severin Borenstein
Global Cartels Redux: The Amino Acid Lysine Antitrust Litigation (1996)	252	(25)
John M. Connor
Sports League Issues: The Relocation of the Los Angeles Rams to St. Louis (1998)	277	(24)
Franklin M. Fisher
Christopher Maxwell
Evan Sue Schouten
The Brand Name Prescription Drugs Antitrust Litigation (1999)	301	(33)
Kenneth G. Elzinga
David E. Mills
PART III. Vertical and Related Market Issues
The Economic and Legal Context	322	(12)
Revisiting Maximum Resale Price Maintenance: State Oil v. Khan (1997)	334	(16)
Gustavo E. Bamberger
Technology Cross-Licensing Practices: FTC v. Intel (1999)	350	(23)
Carl Shapiro
Retailer-Instigated Restraints on Suppliers' Sales: Toys ``R'' Us (2000)	373	(15)
F. M. Scherer
Bundling: GE-Honeywell (2001)	388	(40)
Barry Nalebuff
PART IV. Network Issues
The Economic and Legal Context	414	(14)
Links between Markets and Aftermarkets: Kodak (1997)	428	(25)
Jeffrey K. MacKie-Mason
John Metzler
Access and Network Effects in the ``New Economy'': AOL-Time Warner (2000)	453	(23)
Gerald R. Faulhaber
Maintenance of Monopoly: U.S. v. Microsoft (2001)	476	(26)
Daniel L. Rubinfeld
The American Airlines Case: A Chance to Clarify Predation Policy (2001)	502
Aaron S. Edlin
Joseph Farrell