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Titlebook: Welfare Economics and Antitrust Policy - Vol. I; Economic, Moral, and Richard S. Markovits Textbook 2021 The Editor(s) (if applicable) and

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The Inevitable Arbitrariness of Market Definitionsitions of “classical economic markets” and so-called antitrust markets are inevitably arbitrary not just at their peripheries but comprehensively. In so doing, Sect. . reveal the “cost”-ineffectiveness of the conventional approaches to antitrust-law application and antitrust-policy design, which pay
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Oligopolistic Conduct a decision it would not have found ex ante profitable had it not believed ex ante that one or more of its rivals’ responses would or might be affected by the rival’s/rivals’ perception that the perpetrator would or might react to its/their responses. Oligopolistic conduct can either be “contrived”
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Predatory Conductprofitability was “critically affected” by its/their belief that it would or might reduce the absolute attractiveness of the best offers against which it/they would have to compete by driving a rival out, by inducing an established rival to sell out to the predator(s) at a distressed price, by deter
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Textbook 2021t legality, including those promulgated by US and EU antitrust law.  ..The overall study consists of three parts. Part I (Chapters 1-8) introduces readers to the economic, moral, and legal concepts that play important roles in antitrust-policy analysis. Part II (Chapters 9-16) analyzes the impacts o
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Price-Competitionauthors either never specify the metric they think should be used to measure the intensity of such price-competition or shift among alternative metrics they appear to believe (incorrectly) are coincident.
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