Antitrust & Competition Policy Blog

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

Thursday, May 14, 2009

The Economic Basis for Israeli Antitrust Law

Posted by D. Daniel Sokol

Adi Ayal of Ben Gurion University - Faculty of Law describes The Economic Basis for Israeli Antitrust Law.

ABSTRACT: This chapter aims at elucidating the economic basis for antitrust law generally, and the Israeli Restrictive Trade Practices Law specifically. It follows antitrust's intellectual progression, beginning with standard price theory underpinning static efficiency analysis, thereafter moving through dynamic (multi-period) analysis and 'new economics' of information and network effects.

Each part contains three sections: basic theory, 'question marks' based on critique of the first, and 'back to law' - discussion of the difficulties of implementation.

The purpose of the chapter is both to introduce the economics of antitrust to the uninitiated, and to raise questions central to debate regarding current antitrust doctrine.

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