Antitrust Policy

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In the seventh and last of the Harvard University Series on Competition in American Industry, the authors provide an analytical examination of the problems of antitrust policy which embraces both law and economics. The primary aim of the book is to evaluate the limits and defects of our traditional policy, to specify possible reforms, and to extent the importance of economic criteria of market power and provide for its more consistent application to the antitrust law. Included for the first time in any book on this subject is an attempt to survey the relative importance of different kinds of market structure in the economy.

Beginning with a consideration of the possible goals of antitrust policy, the authors move systematically through an examination of the concepts on which economic analysis is based, the statistical evidence on the importance of markets of varying degrees of monopolistic and competitive structure and the applicability of law and administration as instruments to the final formulation of a set of proposals.