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Monopoly and Dominant Firms: Antitrust Economics and Policy Approaches

Authors: White, Lawrence J.
Keywords: Monopoly; dominant firm; market power;antitrust; Lerner Index; predation; exclusion
Issue Date: 4-Sep-2013
Abstract: This chapter addresses issues in antitrust economics that related to the exercise of market power by a monopoly or by a dominant firm. We start by presenting the standard textbook treatments of monopoly and the dominant firm and then discuss the non-trivial issues of what constitutes a real-world monopoly (or dominant firm) and how to identify it. With that as a basis, we discuss five categories of antitrust actions that can be used to limit the exercise of market power by a monopoly or dominant firm.
Rights: Copyright Lawrence J. White, 2013.
Appears in Collections:Economics Working Papers

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