Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Sunday, April 27, 2008

Economics Of Antitrust Law

Posted by D. Daniel Sokol

An excellent edited book of two volumes will hit book stands in June 2008, titled Economics Of Antitrust Law, which is edited by Benjamin Klein (UCLA) and Andres V. Lerner (LECG).


Volume I


Introduction The Role of Economics in the Development of Antitrust Law Benjamin Klein and Andres V. Lerner

1. Harold Demsetz (1973), ‘Industry Structure, Market Rivalry, and Public Policy’
2. William M. Landes and Richard A. Posner (1981), ‘Market Power in Antitrust Cases’
3. Franklin M. Fisher and John J. McGowan (1983), ‘On the Misuse of Accounting Rates of Return to Infer Monopoly Profits’
4. Thomas G. Krattenmaker, Robert H. Lande and Steven C. Salop (1987), ‘Monopoly Power and Market Power in Antitrust Law’
5. Jonathan B. Baker and Timothy F. Bresnahan (1992), ‘Empirical Methods of Identifying and Measuring Market Power’
6. Benjamin Klein (1993), ‘Market Power in Antitrust: Economic Analysis after Kodak’

A Oligopoly and Collusion
7. George J. Stigler (1964), ‘A Theory of Oligopoly’
8. Donald F. Turner (1962), ‘The Definition of Agreement under the Sherman Act: Conscious Parallelism and Refusals to Deal’
9. Richard A. Posner (1969), ‘Oligopoly and the Antitrust Laws: A Suggested Approach’
10. Franklin M. Fisher (1989), ‘Games Economists Play: A Noncooperative View’
11. Jonathan B. Baker (1993), ‘Two Sherman Act Section 1 Dilemmas: Parallel Pricing, the Oligopoly Problem, and Contemporary Economic Theory’

B Horizontal Mergers and Joint Ventures
12. Oliver E. Williamson (1968), ‘Economies as an Antitrust Defense: The Welfare Tradeoffs’
13. Janusz Ordover and Robert D. Willig (1983), ‘The 1982 Department of Justice Merger Guidelines: An Economic Assessment’
14. Joseph Farrell and Carl Shapiro (1990), ‘Horizontal Mergers: An Equilibrium Analysis’
15. Jonathan B. Baker (2002), ‘Mavericks, Mergers, and Exclusion: Proving Coordinated Competitive Effects Under the Antitrust Laws’
16. Thomas M. Jorde and David J. Teece (1990), ‘Innovation and Cooperation: Implications for Competition and Antitrust’
17. Carl Shapiro and Robert D. Willig (1990), ‘On the Antitrust Treatment of Production Joint Ventures’

Name Index

Volume II


Introduction The Role of Economics in the Development of Antitrust Law Benjamin Klein and Andres V. Lerner

1. Aaron Director and Edward H. Levi (1956), ‘Law and the Future: Trade Regulation’
2. Frank H. Easterbrook (1984), ‘The Limits of Antitrust’

A Tying and Bundling
3. Ward S. Bowman, Jr. (1957), ‘Tying Arrangements and the Leverage Problem’
4. George J. Stigler (1963), ‘United States v. Loew’s Inc.: A Note of Block-Booking’
5. William James Adams and Janet L. Yellen (1976), ‘Commodity Bundling and the Burden of Monopoly’
6. Benjamin Klein and Lester F. Saft (1985), ‘The Law and Economics of Franchise Tying Contracts’
7. Michael D. Whinston (1990), ‘Tying, Foreclosure, and Exclusion’
8. Dennis W. Carlton and Michael Waldman (2002), ‘The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries’
9. Barry Nalebuff (2004), ‘Bundling as an Entry Barrier’

B Resale Price Maintenance and Exclusive Territories
10. Lester G. Telser (1960), ‘Why Should Manufacturers Want Fair Trade?’
11. Benjamin Klein and Kevin M. Murphy (1988), ‘Vertical Restraints as Contract Enforcement Mechanisms’
12. Pauline M. Ippolito (1991), ‘Resale Price Maintenance: Empirical Evidence From Litigation’

C Exclusive Dealing
13. Howard P. Marvel (1982), ‘Exclusive Dealing’
14. Philippe Aghion and Patrick Bolton (1987), ‘Contracts as a Barrier to Entry’
15. Eric Rasmusen, J. Mark Ramseyer and John S. Wiley, Jr. (1991), ‘Naked Exclusion’
16. Benjamin Klein and Andres Lerner (2007), ‘The Expanded Economics of Free-Riding: How Exclusive Dealing Prevents Free-Riding and Creates Undivided Loyalty’

A Predatory Pricing
17. John S. McGee (1958), ‘Predatory Price Cutting: The Standard Oil (N.J.) Case’
18. Phillip Areeda and Donald F. Turner (1975), ‘Predatory Pricing and Related Practices under Section 2 of the Sherman Act’
19. Janusz A. Ordover and Robert D. Willig (1981), ‘An Economic Definition of Predation: Pricing and Product Innovation’

B Raising Rivals’ Costs
20. Thomas G. Krattenmaker and Steven C. Salop (1986), ‘Anticompetitive Exclusion: Raising Rivals’ Costs to Achieve Power Over Price’
21. Elizabeth Granitz and Benjamin Klein (1996), ‘Monopolization by “Raising Rivals’ Costs”: The Standard Oil Case’

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