Antitrust And Regulated Industries

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Antitrust And Regulated Industries

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Author : David C. Hjelmfelt
language : en
Publisher: John Wiley & Sons
Release Date : 1985

Antitrust And Regulated Industries written by David C. Hjelmfelt and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Law categories.

Economists Perspectives On Antitrust Today

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Author :
language : en
Publisher:
Release Date : 1991

Economists Perspectives On Antitrust Today written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Airlines categories.

Monoply Problems In Regulated Industries

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Author : United States. Congress. House. Committee on the Judiciary. Antitrust Subcommittee (No. 5).
language : en
Publisher:
Release Date : 1961

Monoply Problems In Regulated Industries written by United States. Congress. House. Committee on the Judiciary. Antitrust Subcommittee (No. 5). and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1961 with Antitrust law categories.

Technological Change In Regulated Industries

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Author : William M. Capron
language : en
Publisher: Brookings Institution Press
Release Date : 1971

Technological Change In Regulated Industries written by William M. Capron and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business & Economics categories.

Conference report on the influence of price and profit regulation on technological change and Innovation in industry in the USA - comprises a record of discussion on the nature and effects of regulatory decisions and industrial policy implications, examines the impact on enterprises operating under monopoly conditions and covers the electric power industry, telecommunications, civil air transport and surface goods transport. References and statistical tables. Conference held in Washington 1969 feb.

The Application Of The Antitrust Laws To Regulated Industries

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Author : Jerome Shuman
language : en
Publisher:
Release Date : 1977*

The Application Of The Antitrust Laws To Regulated Industries written by Jerome Shuman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977* with Antitrust law categories.

Antitrust Law And Regulatory Gaming

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Author : Stacey L. Dogan
language : en
Publisher:
Release Date : 2011

Antitrust Law And Regulatory Gaming written by Stacey L. Dogan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.

Antitrust law promotes competition in the service of economic efficiency. Government regulation may or may not promote either competition or efficiency, depending on both the goals of the agency and the effects of industry "capture." Antitrust courts have long included regulated industries within their purview, working to ensure that regulated industries could not use the limits that regulation imposes on the normal competitive process to achieve anticompetitive ends. Doing so makes sense; an antitrust law that ignored anticompetitive behavior in any regulated industry would be a law full of holes. The role of antitrust in policing regulated industries appears to be changing, however. A cluster of Supreme Court decisions in the past decade have fundamentally altered the relationship between antitrust and regulation, placing antitrust law in a subordinate relationship that, some have argued, requires it to defer not just to regulatory decisions but perhaps even to the silence of regulatory agencies in their areas of expertise. Absolute antitrust deference to regulatory agencies makes little sense as a matter either of economics or experience. Economic theory teaches that antitrust courts are better equipped than regulators to assure efficient outcomes in many circumstances. Public choice theory - and long experience - suggests that agencies that start out trying to limit problematic behavior by industries often end up condoning that behavior and even insulating those industries from market forces. And as history has shown, relying on regulatory oversight alone without the backdrop of antitrust law would leave both temporal and substantive gaps in enforcement, which unscrupulous competitors could exploit to the clear detriment of consumers. The mere existence of a competition-conscious regulatory structure cannot guarantee against abuses of that structure, or against exclusionary behavior that falls just beyond its jurisdiction. Indeed - and perhaps ironically - the very regulatory structure that exists to promote competition can create gaming opportunities for competitors bent on achieving anti-competitive goals. Such "regulatory gaming" undermines both the regulatory system itself and the longstanding complementary relationship between regulatory and antitrust law. We argue that the risk of regulatory gaming provides an important example of the need for ongoing antitrust oversight of regulated industries. We define regulatory gaming as private behavior that harnesses pro-competitive or neutral regulations and uses them for exclusionary purposes. We identify three possible instances of regulatory gaming: (1) product-hopping, in which the branded company makes repeated changes in drug formulation to prevent generic substitution, rather than to improve the efficacy of the drug product; (2) manipulation of government standard-setting organizations; and (3) claims of price squeezes by partially regulated industries. Our goal in this paper is not to persuade the reader that these particular examples of regulatory gaming do or do not violate the antitrust laws. Rather, our point is that whether or not particular acts of regulatory gaming harm competition is and should be an antitrust question, not merely one that involves interpreting statutes or agency regulations. Some level of antitrust enforcement - with appropriate deference to firm decisions about product design and affirmative regulatory decisions that affect market conditions - provides a necessary check on behavior, such as product hopping, that has no purpose but to exclude competition.

The Economics Of Competition In The Transportation Industries

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Author : John Robert Meyer
language : en
Publisher:
Release Date : 1959

The Economics Of Competition In The Transportation Industries written by John Robert Meyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with Transportation categories.

Monopoly Problems In Regulated Industries

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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 1960

Monopoly Problems In Regulated Industries written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Antitrust law categories.

Monopoly Problems In Regulated Industries

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Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 1960

Monopoly Problems In Regulated Industries written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Public utilities categories.

Reports Of The Industrial Commission

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Author : United States. Industrial Commission
language : en
Publisher:
Release Date : 1900

Reports Of The Industrial Commission written by United States. Industrial Commission and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1900 with Arbitration, Industrial categories.