The Antitrust Revolution Economics, Competition, and Policy

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

• ISBN13: 9780195322965
• ISBN10: 0195322967
• Edition: 5th
• Format: Hardcover
• Copyright: 2008-07-31
• Publisher: Oxford University Press

Summary

The Antitrust Revolution: Economics, Competition, and Policy, Fifth Edition, examines the critical role of economic analysis in recent antitrust case decisions and policy. The book consists of economic studies of twenty-one of the most significant antitrust cases of recent years, twelve of them new to this edition and nine updated from the fourth edition. These cases include alleged anticompetitive practices by Visa and MasterCard, Microsoft, and Kodak; mergers--proposed or consummated--by Staples and Office Depot, PSEG and Exelon, EchoStar and DirecTV, and Heinz and Beech-Nut; and other competitive issues such as predatory pricing in the airline industry, "reverse-payments" in settlements of patent litigation, the use of bundled rebates by dominant firms, exclusive dealing, and retailer-instigated restraints on supplier sales. New overview essays precede the four sections of the book: Horizontal Structure; Horizontal Practices; Vertical and Related Market Issues; and Network Issues.
Commissioned and edited by John E. Kwoka, Jr., and Lawrence J. White, the case studies are written by prominent economists who participated in the proceedings. These economists were responsible for helping to formulate the economic issues, undertake the necessary research, and offer arguments in court. As a result, they are uniquely qualified to describe and analyze the cases. Fully updated with the most current examples, this volume provides detailed and comprehensive insight into the central role that is now played and will continue to be played by economists in the antitrust process.
The Antitrust Revolution, Fifth Edition, is ideal for undergraduate and graduate classes in industrial organization, government policy, and antitrust/regulation law and economics. It is also a useful reference book for lawyers and economists-both academics and practitioners-who are interested in the types of economic analyses that have been applied in recent antitrust cases.
A companion website featuring cases from the previous four editions is available at www.oup.com/us/antitrustrevolution.

Table of Contents

Preface	p. xi
Contributors	p. xv
About the Editors	p. xix
Introduction	p. 1
Horizontal Structure: The Economic and Legal Context	p. 8
Merger Analysis in Restructured Electricity Supply Industries: The Proposed PSEG and Exelon Merger (2006)	p. 30
Oracle's Acquisition of People Soft: U.S. v. Oracle (2004)	p. 67
Coordinated Effects and Standards of Proof: The Arch Coal Merger (2004)	p. 89
Sky Wars: The Attempted Merger of EchoStar and DirecTV (2002)	p. 115
Coordinated Effects Analysis: Cruise Lines Mergers (2002)	p. 140
Efficiencies and High Concentration: Heinz Proposes to Acquire Beech-Nut (2001)	p. 157
Prices, Market Definition, and the Effects of Merger: Staples-Office Depot (1997)	p. 178
Horizontal Practices: The Economic and Legal Context	p. 202
Predatory Pricing in the Airline Industry: Spirit Airlines v. Northwest Airlines (2005)	p. 219
"Reverse Payments" in Settlements of Patent Litigation: Schering-Plough, K-Dur, and the FTC (2005)	p. 248
The Use of Bundled Rebates by a Dominant Firm: LePage's v. 3M (2003)	p. 276
Global Cartels Redux: The Lysine Antitrust Litigation (1996)	p. 300
Bidding, Bid Rigging, and School Milk Prices: Ohio v. Trauth (1994)	p. 329
Vertical and Related Market Issues: The Economic and Legal Context	p. 352
Unfit to Be Tied: An Analysis of Trident v. Independent Ink (2006)	p. 365
Exclusive Dealing and Antitrust Exclusion: U.S. v. Dentsply (2005)	p. 389
Bundling: GE-Honeywell (2001)	p. 416
Retailer-Instigated Restraints on Suppliers' Sales: Toys "R" Us (2000)	p. 441
Revisiting Maximum Resale Price Maintenance: State Oil v. Khan (1997)	p. 450
Network Issues: The Economic and Legal Context	p. 474
Regulation, Antitrust, and Trinko (2004)	p. 487
Governance, Issuance Restrictions, and Competition in Payment Card Networks: U.S. v. Visa and MasterCard (2003)	p. 507
Maintenance of Monopoly: U.S. v. Microsoft (2001)	p. 530
Links between Markets and Aftermarkets: Kodak (1997)	p. 558
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