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  3. Journal of Economic Perspectives
  4. Winter 2000
  5. Antitrust Policy: A Century of Economic and Legal Thinking

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Antitrust Policy: A Century of Economic and Legal Thinking

  • William E. Kovacic
  • Carl Shapiro
Journal of Economic Perspectives
vol. 14, no. 1, Winter 2000
(pp. 43–60)
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Abstract

This article follows the evolution of thinking about competition since the passage of the Sherman Act in 1890 as reflected by major antitrust decisions and research in industrial organization. We divide the U.S. antitrust experience into five periods and discuss each period's legal trends and economic thinking in three core areas of antitrust: cartels, cooperation, or other interactions among independent firms; abusive conduct by dominant firms; and mergers.

Citation

Kovacic, William, E., and Carl Shapiro. 2000. "Antitrust Policy: A Century of Economic and Legal Thinking." Journal of Economic Perspectives 14 (1): 43–60. DOI: 10.1257/jep.14.1.43

JEL Classification

  • L40 Antitrust Issues and Policies: General
  • K21 Antitrust Law