Antitrust Bulletin articles from September 1995

Antitrust Bulletin archives from September 1995

Is the theory behind U.S. v. AT & T applicable today?(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Ever since it was announced in 1982 and enacted in 1984, the Modified Final Judgment (MFJ) adopted to settle the Department of Justice's 8-year antitrust suit against AT&T has been the subject of intense scrutiny and debate...

Accounting for regulation in determining the application of antitrust rules to firms subject to public utility oversight.(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Firms subject to public utility regulation are common targets of litigation under the federal antitrust laws. Telecommunications carriers and electric utilities, for example, routinely confront antitrust challenges to pricing...

The role of antitrust in telecommunications.(Recent Competition Issues in Telecommunications)
September 22, 1995... Controversy about the role of competition and antitrust in telecommunications is celebrating its 100th anniversary. Conflict began in the 1890s, when the first Bell patents expired and competitors entered local service. The issue was and remains...

Efficient local exchange competition.(Recent Competition Issues in Telecommunications)
September 22, 1995... BY JERRY A. HAUSMAN(*) and TIMOTHY J. TARDIFF(**) I. Introduction Prior to 1970, the large majority of telecommunications services in the United States were provided over a single network, the Bell system. Since that time, networks have...

Access and interconnection pricing: how efficient is the "efficient component pricing rule?"(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction The question of how a monopolist owner of a bottleneck facility should set the price for access to the facility by an entrant or rival supplier of a complementary component continues to be an interesting question for theory and...

Prices, costs, externalities and entrepreneurial capital: lessons from Wisconsin.(Recent Competition Issues in Telecommunications)
September 22, 1995... BY DAVID GABEL(*) and DAVID L. ROSENBAUM(**) I. Introduction In Matsushita v. Zenith the Supreme Court gave a ringing endorsement to the Chicago school's view "that predatory pricing schemes are rarely tried, but even more rarely...

Predation in local cable TV markets.(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Any realistic theory of predation recognizes that the predator as well as his victims will incur losses during the fighting, but such a theory supposes it may be a rational calculation of the predator to view the losses...

Deregulation and predation in long-distance telecommunications: an empirical test.(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Economists (and corporate managers) have long recognized that legal and regulatory processes can be used strategically to subvert competition. In certain situations, a firm or group of firms may be able to convince legislators...

Do new theories of vertical foreclosure provide sound guidance for consent agreements in vertical merger cases?(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Vertical merger investigations and consents are back.(1) Enforcement agency speeches proclaim reliance on supposedly new and more rigorous and realistic economic theories.(2) Do these theories give guidance reliable enough to...

Hollygopoly: oligopolistic competition for (Hollywood) movies.(Recent Competition Issues in Telecommunications)
September 22, 1995... I. Introduction Provision of video-to-the-home (VTTH) services has been largely dominated by one medium, cable television (CATV). The goal of the 1992 Cable Television Consumer and Competition Protection Act (CTCCPA) was to insure a VTTH...