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Antitrust Bulletin articles from March 2002
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Antitrust Bulletin archives from March 2002
On the rationality of predatory pricing: the debate between Chicago and post-Chicago.
March 22, 2002... I. Introduction
The idea of predatory pricing seems straightforward enough. A firm sets prices below cost for a period long enough to drive rivals out of the market or to deter entry. The purpose of such strategy is to charge monopoly...
Banking, commerce and competition under the Gramm-Leach-Bliley Act.(Financial Services Modernization Act of 1999)
March 22, 2002... I. Introduction
The Gramm-Leach-Bliley Financial Modernization Act of 1999 (GLB) is the most recent in a series of laws defining the kinds of activities in which banking organizations are permitted to engage. (1) It is determined below...
Market definition in banking: recent evidence.(households' use of financial services)
March 22, 2002... I. Introduction
Antitrust analysis of bank mergers defines banking markets to be geographically local and to consist of the cluster of financial products supplied by commercial banks. This definition is based on assumptions about the...
The extent of the market for retail banking deposits.
March 22, 2002... I. Introduction
Since the Supreme Court ruling in the Philadelphia National Bank case of 1963, (1) the relevant market definition for retail banking products has been the set of consumers and banks within some relatively small geographical...
The law and economics of price floors in regulated industries.
March 22, 2002... I. Introduction
A price floor, as its name implies, is the absolute minimum price that a firm is permitted to charge for the product or service that it sells. In general, an efficient price floor should be set at a level that reflects all...
Product market definition in antitrust cases when products are close substitutes or close complements.
March 22, 2002... I. Introduction
Judicial acceptance of the Department of Justice (DOJ) Merger Guidelines (1) over the past decade has standardized the methodology economists use to define markets in antitrust cases. This conceptual success, however, masks...
Achilles uncovered: revisiting the European Commission's 1997 market definition notice.
March 22, 2002... I. Introduction
Often, in competition law disputes it is the delineation of the relevant product and geographic market that signals their final outcome. (1) This is particularly true when antitrust, alike under European law, focuses...
An examination of the present competition law of Georgia using Pittman's criteria.(Republic of Georgia)
March 22, 2002... I. Introduction
In the spring 1998 issue of The Antitrust Bulletin, an article by William Kovacic and Ben Slay described and discussed the establishment of the competition law regime of the Republic of Georgia. (1) In the most recent...
Predation in the airline industry: the Canadian antitrust approach.
March 22, 2002... I. Introduction
On October 19, 1999, Air Canada announced its plan to restructure Canada's airline industry. That plan included making an offer to acquire all or substantially all of the outstanding shares of Canadian Airlines...
European Merger Control: Getting the Efficiencies Right.
March 22, 2002... Peter D. Camesasca Antwerp: Intersentia (2000), xiii + 498 pp., 120 euro.
A longstanding question on both sides of the Atlantic is the extent to which, and circumstances in which, anticipated postmerger efficiencies may justify a merger's...