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Antitrust Bulletin articles from December 1997
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Antitrust Bulletin archives from December 1997
The murky world of network mergers: searching for the opportunities for network competition.
December 22, 1997... I. Introduction
One of the most difficult issues faced by antitrust enforcers is how to analyze mergers between networks. Part of the difficulty involves balancing the competitive ledger of network mergers. On the one hand, network...
Competitor collaboration guidelines - a recommendation.
December 22, 1997... The FTC Staff Report on competition policy in the new high-tech, global marketplace concludes that "the time has come for a significant effort to rationalize, simplify, and articulate in one document the antitrust standards that federal enforcers...
Antitrust economics as science after Daubert.
December 22, 1997... Economics is a "sufficiently certain discipline upon which to rest major policy conclusions." "In many cases the theory is so well grounded that we can be certain, or virtually so, of its reliability."
"In crucial areas such as the world...
Barriers to innovation: a monopoly, network externalities, and the speed of innovation.
December 22, 1997... I. Introduction
"Productivity growth is the single most important factor affecting our economic well-being."(1) The stagnant standard of living in the United States since the 1960s is largely due to low productivity growth. However, prior...
Market definition and the analysis of antitrust in banking.
December 22, 1997... I. Introduction
The U.S. banking industry is currently experiencing the most significant consolidation in its history. The years 1981-1995 have averaged some 434 mergers among healthy banks per year, and have cumulated a stunning $1.6...
Have barriers to entry in retail commercial banking disappeared?
December 22, 1997... 1. Introduction
Have barriers to entry in retail commercial banking disappeared? The answer is both yes (substantially) and no depending on whether one is referring to legal or market-based barriers to entry. Legal barriers to entry, at...