Economics Dictionary of ArgumentsHome
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| Antitrust laws: They prohibit practices like price fixing, market division, and abuse of dominant position. These laws aim to protect consumers, ensure fair pricing, and encourage innovation by maintaining a competitive economic environment. See also Market concentration, Monopolies, Oligopolies, Monopolistic competition, Cartels, Competition._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Government Policy on Antitrust Laws - Dictionary of Arguments
Henderson I 64 Antitrust Laws/Government policy/Henderson/Globerman: Governments in countries with advanced economies typically have laws ostensibly designed to prevent anti-competitive behaviour by private sector businesses, and also have agencies to enforce the relevant legislation. These laws are generally referred to, especially in the United States, as antitrust laws. Canada: In Canada, the federal government's Competition Bureau investigates potentially anti-competitive business behaviour and determines whether a case against the behaviour should be brought before the competition tribunal. The latter is an administrative body consisting of a judge and lay experts who hear and decide cases brought by the Competition Bureau. USA: In the United States, the two main pieces of antitrust legislation are the Sherman Act and the Robinson-Patman Act. The Federal Trade Commission (FTC) and the US Department of Justice (DOJ) enforce federal antitrust laws. State attorneys-general may also bring federal antitrust suits on behalf of individuals residing within their states or on behalf of the state as a purchaser. Private suitors can also bring antitrust suits. Indeed, law and economics scholar Fred McChesney points out that for every antitrust suit brought by government, private plaintiffs bring ten (McChesney, 2008)(1). >Antitrust laws/Demsetz, >Monopolies, >Cartels, >Market concentration, >Interventions, >Interventionism, >Government policy. 1. McChesney, Fred (2008). Antitrust. In David R. Henderson (ed.), The Concise Encyclopedia of Economics (Liberty Fund)._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Government Policy Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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