This volume contains ten papers, by many prominent authors,
examining antitrust issues of current interest. The first paper
summarizes the other papers and presents original research on the
meaning of consumer welfare and the sources of buyer power. The
next five articles evaluate older antitrust cases to determine
whether the decisions reached, the relief ordered, or both,
enhanced consumer welfare. The seventh paper describes a new
measure of efficiency that gives greater weight to consumer harm
and applies it to a recent merger. The next paper explains a new
way in which vertical foreclosure can enhance the market power of
an upstream supplier. The ninth article refines an innovative
technique for identifying substitutes among a set of differentiated
products. The tenth paper confronts a contentious policy issue -
the treatment of patent settlements in which the patent holder pays
the challenger to exit the market - and concludes that they should
be per se illegal.
General
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