Reforming Antitrust
Author | : Alan J. Devlin |
Publisher | : Cambridge University Press |
Total Pages | : 649 |
Release | : 2021-08-19 |
ISBN-10 | : 9781009006262 |
ISBN-13 | : 1009006266 |
Rating | : 4/5 (62 Downloads) |
Book excerpt: Industrial consolidation, digital platforms, and changing political views have spurred debate about the interplay between public and private power in the United States and have created a bipartisan appetite for potential antitrust reform that would mark the most profound shift in US competition policy in the past half-century. While neo-Brandeisians call for a reawakening of antitrust in the form of a return to structuralism and a concomitant rejection of economic analysis founded on competitive effects, proponents of the status quo look on this state of affairs with alarm. Scrutinizing the latest evidence, Alan J. Devlin finds a middle ground. US antitrust laws warrant revision, he argues, but with far more nuance than current debates suggest. He offers a new vision of antitrust reform, achieved by refining our enforcement policies and jettisoning an unwarranted obsession with minimizing errors of economic analysis.