Firms’ principal motives for merging are not to increase market power, but rather to improve firm outcomes through changes in internal operations or structure. Of the 17000+ mergers that occur annually in the U.S., 90% or more have no expectation of an anticompetitive price increase or output reduction. They can profit only by better performance....Read More
Most areas of law enforcement require investigative tools to provide evidence of violations and harm. Antitrust law’s single-minded focus on prices, output, and innovation explains its selection of economic tools. These tools were pro-enforcement and were embraced consistently by the Supreme Court, including proponents of scientific evidence such as Justice Brandeis.Read More
Welcome to “Tech Monopoly,” a series where University of Pennsylvania Carey Law School professor Herbert Hovenkamp engages with pressing issues in antitrust policy, with a focus on technology and problems of market dominance. Professor Hovenkamp gives particular attention to identifying markets and situations where antitrust can be beneficial, and the kinds of antitrust remedies that...Read More
Welcome to “Tech Monopoly,” a series where University of Pennsylvania Carey Law School professor Herbert Hovenkamp engages with pressing issues in antitrust policy, with a focus on technology and problems of market dominance. Professor Hovenkamp gives particular attention to identifying markets and situations where antitrust can be beneficial, and the kinds of antitrust remedies that...Read More
