Antitrust Bulletin articles from March 1992

Antitrust Bulletin archives from March 1992

Market imperfections, equity, and efficiency in antitrust.
March 22, 1992... I. Introduction The permissive model of antitrust enforcement (often ascribed to the Chicago school) promises to provide determinate results to difficult antitrust questions by choosing efficiency goals over equity goals, perfect...

The two sides of the Kennedy antitrust policy. (President John Kennedy)
March 22, 1992... The Kennedy antitrust record is an anomaly. In some areas it followed the paths blazed by its predecessor; yet, in others, it faltered and important momentum was lost, preparing the way for the disastrous Johnson period. The purpose of this...

Measuring damage to a firm's profitability: ex ante or ex post?
March 22, 1992... In the most basic terms, a business enterprise is an ongoing stream of coordinated transactions. The firm acquires inputs such as labor and equipment and uses them to produce an output of products or services, which are sold to others. What...

Four suggestions on market delineation.
March 22, 1992... Market delineation plays a central role in much of antitrust, and a large portion of antitrust cases turn on market delineation. This article offers four suggestions for lawyers and economists who work in this area on how they might improve the...

Using the efficiencies defense in horizontal mergers.
March 22, 1992... The U.S. Department of Justice's Merger Guidelines-1984, section 3.5 states that: Some mergers that the Department otherwise might challenge may be reasonably necessary to achieve significant net efficiencies. If the parties to...

Monopsony revisited: a comment on Blair & Harrison. (Roger D. Blair, Jeffrey L. Harrison, Antitrust Bulletin, vol. 37, p. 133, Spring 1992)
March 22, 1992... Largely ignored during the first century of American antitrust, the issue of monopsony power - the market power of buyers - has finally begun to attract academic notice. Within the last year, two articles have analyzed the subject in detail:...

The performance effects of strategic groups in banking.
March 22, 1992... I. Introduction The importance of diversity among the demand and cost curves of firms within the same industry was first discussed in detail by Chamberlin.(1) This was a precursor to the concept of "strategic groups," that was developed...

The application of raising rivals' costs theory to antitrust.
March 22, 1992... I. Introduction "Raising rivals' costs" (RRC) theories recognize that an effective anticompetitive strategy that can be used by one or a group of firms against rivals is to engage in actions that raise those rivals' costs.(1) The...

Transatlantic lessons in aviation deregulation: EEC and US experiences.
March 22, 1992... I. Introduction Since the mid-1970's in both the United States and in the European Community the topic that increasingly dominated microeconomic policy discussions was the possibility of, and the potential benefits to be derived from,...

Opening statement. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1991)
March 22, 1992... Mr. Chairman, Ladies and Gentlemen, Fellow Participants. On behalf of the Secretary-general of UNCTAD, I wish to welcome you to the Symposium on Corporate Policies and Competition for Development. I wish in particular to thank the Korean...

Antimonopoly policy in the USSR. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1991)
March 22, 1992... The problem of monopolization in the Soviet economy is very complex. The whole management structure of the economy has a monopolistic character. Ever since 1917, antimonopoly legislation has not existed in the USSR. The beginning of...

Control of anticompetitive practices in the People's Republic of China. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1991)
March 22, 1992... Over the past decade and more, in the course of reform and opening up the Chinese economy, the Chinese economic system has been transformed from a centrally planned economy to a planned commodity economy, which combines a managed economy with...

A short note on experiences and problems relating to restrictive business practices in Myanmar. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1991)
March 22, 1992... Economic reform The Union of Myanmar had changed its socialist economic system into a market oriented system in September 1988. Since then a series of reforms have been introduced and designed to open up the country to foreign investment,...

The relevance of antimonopoly policy for developing countries. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1992)
March 22, 1992... The United States and Canada adopted legislation against monopolies and cartels during the period 1889-1890. Over the next century each of those nations gradually developed that legislation into a full-scale enforcement system including...

Welcoming speech. (Symposium on Corporate Policies and Competition for Development, Seoul, Korea, September 11-13, 1991)
March 22, 1992... It pleases me greatly to welcome such distinguished participants and speakers to Korea and to the Symposium on Corporate Policies and Competition for Development, jointly sponsored by the Korea Development Institute (KDI), and the United...