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Does Antitrust Policy Improve Consumer Welfare? Assessing the Evidence

[Symposium: Activist Antitrust?]

By Robert W. Crandall and Clifford Winston

Journal of Economic Perspectives, Fall 2003

This paper reviews the literature and assesses the effects of antitrust policy and enforcement on consumer welfare. We find no evidence that antitrust policy in the areas of monopolization, collusion, and mergers has provided much benefit to consumers and...

Comments

By Luigi L. Pasinetti, Franklin M. Fisher, Jesus Felipe, J.S.L. McCombie, Robert L. Greenfield, Avi J. Cohen, G.C. Harcourt, William H. Kaempfer, Anton D. Lowenberg, Lance E. Davis, and Stanley Engerman

Journal of Economic Perspectives, Fall 2003

Merger Policy with Merger Choice

By Volker Nocke and Michael D. Whinston

òòò½Íø Review, April 2013

We analyze the optimal policy of an antitrust authority towards horizontal mergers when merger proposals are endogenous and firms choose among alternative mergers. In our model, the optimal policy of an antitrust authority that seeks to maximize expected ...

Strategic Tournaments

By Ayala Arad and Ariel Rubinstein

òòò½Íø Journal: Microeconomics, November 2013

A strategic (round-robin) tournament is a simultaneous n-player game built on top of a symmetric two-player game G. Each player chooses one action in G and is matched to play G against all other players. The winner of the tournament is the player who a...

Incentive Schemes for Local Government: Theory and Evidence from Comprehensive Performance Assessment in England

By Ben Lockwood and Francesco Porcelli

òòò½Íø Journal: Economic Policy, August 2013

This paper studies Comprehensive Performance Assessment, an explicit incentive scheme for local government in England. Motivated by a theoretical political agency model, we predict that CPA should increase service quality and local taxation, but have an a...