Monday, November 8, 2004
Two working papers of note, recently posted on SSRN:
(1) Professor John M. O'Connor of Purdue University writes on the need for more effective domestic legislation and international enforcement of judgments to combat international cartels. The paper is particularly relevant in light of the Supreme Court's decision in Hoffman-La Roche this summer, a decision that potentially limits the application of US antitrust law to international cartels.
(2) Professor Michael Waldman of Cornell University provides a nice survey of the economic theory of durable goods and some proposals on antitrust policy in durable goods markets. Particular focus is on the problem of mergers, elimination of second hand markets, tying arrangements, and after-market monopolization.