Antitrust Bulletin articles from June 2006

Antitrust Bulletin archives from June 2006

Antitrust policy and the oligopoly problem.
June 22, 2006... I. INTRODUCTION The heart of the oligoply problem, traditionally construed, is the recognition of mutual interdependence that develops among the few large firms that together dominate a market and the subversion of competition and poor...

Antitrust policy and the oligopoly problem.
June 22, 2006... III. THE AUTOMOBILE INDUSTRY The American automobile industry provides a second case study for examining the consequences of a major real-world oligopoly in action. Here is an industry that has been dominated by a tight-knit triopoly...

Predatory pricing, the theory of the firm, and the recoupment test: an examination of recent developments in Canadian predatory pricing law.
June 22, 2006... I. INTRODUCTION Federal antitrust law in the United States on predatory pricing is clear. The U.S. Supreme Court set out a two-stage test for determining predation in Brooke Group Ltd. v. Brown & Williamson Tobacco Corp. (1) First, it must...

A new look at critical elasticity.
June 22, 2006... I. INTRODUCTION Market definition is the core of antitrust analysis, and the concepts of "critical elasticity" and "critical loss" have often been applied to the task of defining a relevant antitrust market. The critical elasticity is that...

Judicial review of merger control decisions in the European Union.
June 22, 2006... I. INTRODUCTION For a long time it has been commonly perceived that the decisions of the European Commission (the Commission) appraising mergers have, for many reasons, not been fully subjected to substantive judicial review. Not only was...

The dominance index in Mexican merger control: does it perform better than the HHI?(Hirschman-Herfindahl index)
June 22, 2006... INTRODUCTION In spite of widespread discontent with structural approaches to the control of mergers and acquisitions, most competition authorities around the world continue employing industrial concentration indexes as a first screen for...

Are European competition authorities wrong? Estimating market power from abnormal stock returns.
June 22, 2006... I. INTRODUCTION The European Commission (EC) has recently reformed its merger control regime to draw on the lessons of 13 years of experience (1) and answer some of the criticisms it has received in recent months following the decisions by...