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The theory of imperfect competition: a radical reconstruction
In: Columbia studies in economics 2
Regulating Big Business: Antitrust in Great Britain and America 1880–1990
In: History of political economy, Volume 25, Issue 4, p. 750-751
ISSN: 1527-1919
Economists and Antitrust: The Circular Road
In: The Antitrust bulletin: the journal of American and foreign antitrust and trade regulation, Volume 35, Issue 2, p. 349-371
ISSN: 1930-7969
WHAT PRICE THEORY CAN—AND CANNOT—DO FOR ANTITRUST
In: Contemporary economic policy: a journal of Western Economic Association International, Volume 3, Issue 2, p. 3-11
ISSN: 1465-7287
This paper examines the methodology and policy recommendations of Judge Robert Bork's writing on antitrust. It accepts as valid his premise that conventional price theory is the only appropriate organon for evaluating the welfare impact of an antitrust rule. However, it holds that in the analysis of cartels and mergers, Bork does not realize the full implications of his approach.Of the many prohibitions which antitrust law now contains, Bork wants to retain only two‐the prohibition of cartels and of large horizontal mergers. Even these two, however, cannot be maintained on pure price theory grounds. According to price theory, if price or merger agreements are inefficient, and i f entry and exit are free, then these agreements‐like other inefficient practices‐will be eroded by entry. Consistently applied, then, price the0 y provides no support for antitrust laws.A lack of support on price theory grounds does not imply that antitrust laws are unjustified. Most practices prohibited by anti‐trust law have closesubstitutes. Consequently, the law probably inflicts no great harm on economic efjiciency. Moreover, repeal of these laws could result in state‐owned monopolies or economic planning, both of which would be far worse for economic efficiency.
Law and Inflation, by Keith S. Rosenn
In: Political science quarterly: a nonpartisan journal devoted to the study and analysis of government, politics and international affairs ; PSQ, Volume 97, Issue 4, p. 729-730
ISSN: 1538-165X
Securities Regulation and the New Deal, by Michael E. Parrish
In: Political science quarterly: a nonpartisan journal devoted to the study and analysis of government, politics and international affairs ; PSQ, Volume 87, Issue 2, p. 333-334
ISSN: 1538-165X
Twenty Years of Nationalisation: The British Experience, by R. Kelf-Cohen
In: Political science quarterly: a nonpartisan journal devoted to the study and analysis of government, politics and international affairs ; PSQ, Volume 86, Issue 2, p. 319-320
ISSN: 1538-165X
Book Review:Investment, Interest and Capital. J. Hirshleifer
In: The journal of business, Volume 44, Issue 1, p. 86
ISSN: 1537-5374
Book Review:Competition & Cooperation: The Emergence of a National Trade Association. Louis Galambos
In: The journal of business, Volume 41, Issue 2, p. 278
ISSN: 1537-5374
The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence, by Ellis W. Hawley
In: Political science quarterly: a nonpartisan journal devoted to the study and analysis of government, politics and international affairs ; PSQ, Volume 82, Issue 1, p. 116-118
ISSN: 1538-165X
Book Review:On Competition in Economic Theory. P. W. S. Andrews
In: The journal of business, Volume 39, Issue 4, p. 541
ISSN: 1537-5374
The Shaky Case for Antitrust
In: Challenge: the magazine of economic affairs, Volume 14, Issue 3, p. 17-43
ISSN: 1558-1489
Book Review:Corporations on Trial: The Electric Cases. Clarence C. Walton, Frederick W. Cleveland, Jr
In: The journal of business, Volume 38, Issue 2, p. 216
ISSN: 1537-5374