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Antitrust policy for the 2020s: Some sensible ways forward

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  • Lawrence J. White

Abstract

Antitrust policy in the United States has recently gained an unusual amount of political and media attention—including with regard to the application of antitrust to the agricultural sector. There are critics who have argued that a major overhaul of antitrust policy is needed. This paper argues that instead there are some important but more modest changes that could go a long way toward significantly strengthening the role that antitrust can play in keeping the US economy competitive, vibrant, and innovative.

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  • Lawrence J. White, 2022. "Antitrust policy for the 2020s: Some sensible ways forward," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1293-1312, September.
    • Handle: RePEc:wly:apecpp:v:44:y:2022:i:3:p:1293-1312
    DOI: 10.1002/aepp.13313
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    References listed on IDEAS

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    3. Koen Deconinck, 2020. "Concentration in Seed and Biotech Markets: Extent, Causes, and Impacts," Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 129-147, October.
    4. Philip Watson & Jason Winfree, 2022. "Should we use antitrust policies on big agriculture?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1313-1326, September.
    5. Economides, Nicholas & White, Lawrence J., 1994. "Networks and compatibility: Implications for antitrust," European Economic Review, Elsevier, vol. 38(3-4), pages 651-662, April.
    6. Salop, Steven C & Scheffman, David T, 1983. "Raising Rivals' Costs," American Economic Review, American Economic Association, vol. 73(2), pages 267-271, May.
    7. Elena Prager & Matt Schmitt, 2021. "Employer Consolidation and Wages: Evidence from Hospitals," American Economic Review, American Economic Association, vol. 111(2), pages 397-427, February.
    8. Richard J. Sexton & Tian Xia, 2018. "Increasing Concentration in the Agricultural Supply Chain: Implications for Market Power and Sector Performance," Annual Review of Resource Economics, Annual Reviews, vol. 10(1), pages 229-251, October.
    9. Shapiro, Carl, 2018. "Antitrust in a time of populism," International Journal of Industrial Organization, Elsevier, vol. 61(C), pages 714-748.
    10. A. P. Lerner, 1934. "The Concept of Monopoly and the Measurement of Monopoly Power," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 1(3), pages 157-175.
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    Cited by:

    1. Philip Watson & Jason Winfree, 2022. "Should we use antitrust policies on big agriculture?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1313-1326, September.

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