Thursday, October 13, 2011
Posted by D. Daniel Sokol
Pingping Shan, OnPoint Analytics, Inc., Guofu Tan, University of Southern California - Department of Economics, Simon Wilkie, University of Southern California Law School and Michael A. Williams, Competition Economics LLC ask China’s Anti-Monopoly Law: What is the Welfare Standard? This paper is worth a download.
ABSTRACT: China’s Anti-Monopoly Law (AML) sets forth the country’s antitrust enforcement policies. We investigate what welfare standard the AML seeks to maximize by examining both its stated language and, via revealed preference, the antitrust actions taken by the Anti-Monopoly Enforcement Authority.