Antitrust Bulletin articles from June 2007

Antitrust Bulletin archives from June 2007

Factors accounting for the enactment of a competition law - an empirical analysis.
June 22, 2007... I. INTRODUCTION In recent decades, the number of states that have enacted a competition law has increased considerably. Although figures vary, diverse sources indicate that, especially since 1980, many countries have enacted a competition...

Market power measurement for multimarket dominant firms.
June 22, 2007... I. INTRODUCTION A firm possesses market power when it has "the ability profitably to maintain prices above competitive levels for a significant period of time." (1) In a classic article, Landes and Posner (2) popularize a measure of market...

Market definition in crude oil: estimating the effects of the BP/ARCO merger.
June 22, 2007... I. INTRODUCTION On March 31, 1999, Atlantic Richfield (ARCO) agreed to be acquired by British Petroleum (BP) for $27 billion. As originally proposed, the merger would have created the largest private-sector oil company in the world. The...

Delivered pricing in theory and policy practice.
June 22, 2007... I. INTRODUCTION In the standard textbook theory of spatial pricing, firms typically charge prices f.o.b. ("free on board"). Under such a policy, the price paid by any one customer is equal to the price at the seller's plant (the "mill...

Market definition and concentration: one size does not fit all.
June 22, 2007... The assumption that one set of concentration thresholds can be used to identify the potential for an exercise of market power across different markets, even if properly delineated, should be reexamined. This "one size fits all" assumption is...

Patent, know-how, and software copyright licensing: the EU competition regime.
June 22, 2007... I. INTRODUCTION As a wide range of industrial operators now realize, the European Union (EU) has a new set of rules governing the licensing of patents, (1) know-how, and software copyright from the standpoint of competition law. There is...

Thurman Arnold: A Biography.(Book review)
June 22, 2007... THURMAN ARNOLD: A BIOGRAPHY Spencer Weber Waller New York and London: New York University Press (2005), xi + 271 pp., $40.00. It is puzzling that a person who had such an impact on the evolution of the United States economy has been...