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Antitrust Law

In: Multi-Market Antitrust Economics

Author

Listed:
  • Scott Gilbert

    (Southern Illinois University)

Abstract

Modern antitrust law seeks to protect consumers from anti-competitive business practices. Goods markets with lots of competition among sellers tend to have lower prices—good for consumers—but good deals tend to be fewer when there are fewer firms. A concentration of market power, among few firms, is anti-competitive if it raises prices faced by consumers. The courts and government agencies that enforce antitrust law must decide what sorts of business practices are significantly anti-competitive. Economic models and analysis play a key role in such decisions, and this book will discuss a variety of economic models in which antitrust issues can be cast.

Suggested Citation

  • Scott Gilbert, 2018. "Antitrust Law," Quantitative Perspectives on Behavioral Economics and Finance, in: Multi-Market Antitrust Economics, chapter 1, pages 3-13, Palgrave Macmillan.
    • Handle: RePEc:pal:qpochp:978-3-319-69386-6_1
    DOI: 10.1007/978-3-319-69386-6_1
    as

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