Электронный каталог

DDC 338.8/20973
B 17
Baker, Jonathan B. ,
    The antitrust paradigm : : restoring a competitive economy / / Jonathan B. Baker. - Cambridge, Massachusetts : : Harvard University Press,, ©2019. - 1 online resource (349 pages). - Includes bibliographical references (pages 211-336) and index. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/02EA125C-C7D6-4998-ABEF-658920C599B7 . - ISBN 9780674238947 (electronic book). - ISBN 067423894X (electronic book). - ISBN 9780674238954 (epub). - ISBN 0674238958 (epub). - ISBN 9780674238961 (mobi). - ISBN 0674238966 (mobi)
Print version record.
Параллельные издания: Print version: : Baker, Jonathan B. Antitrust paradigm. - Cambridge, Massachusetts : Harvard University Press, 2019. - ISBN 9780674975781

~РУБ DDC 338.8/20973

Рубрики: Antitrust law--Economic aspects--United States.

   Competition--United States.

   BUSINESS & ECONOMICS--Industries--General.

   Antitrust law--Economic aspects.

   Competition.

   Economic history.

   Economic policy.

   LAW / Antitrust

   United States--Economic policy.
    United States--Economic conditions, 1945-
    United States.
Аннотация: In the 1970s, when the United States economy was struggling and the term "stagflation" was coined to capture inflation plus stagnant business growth, the "Chicago school" critique of antitrust rules gained ascendance. In the 1980s, during Ronald Reagan's two terms as president, that critique's policy prescriptions-the eliminating of or modifying anticompetitive rules to make them less restrictive-became common practice. As Jonathan Baker writes, "The Chicago approach to antitrust can be understood as a gamble. More relaxed antitrust rules would allow firms to achieve greater efficiencies, which would more than compensate for any risk of firms exercising market power. Put differently, the Chicagoans bet that antitrust reform could achieve long term consumer welfare gains without facilitating the creation of substantial and durable market power." The Antitrust Paradigm presents a wealth of evidence arguing that the Chicagoans lost their bet, and prescribes what should be done about it. Since the 1980s, not only has market power widened, economic productivity decline, and consumer welfare gains been modest at best, but also the economy has changed, most visibly in the information technology and Internet giants that top the financial market's valuation charts. Baker argues that both the failures of antitrust reform and the changed economy demand a new antitrust paradigm, one that restores a competitive economy through strengthened antitrust, recognizes antitrust's political context, and identifies the competitive harms from dominant information technology platforms. His book frames the problem, examines the distinctive competitive problems of the information economy, and concludes with a guide for restoring effective antitrust policies.--
At a time when tech giants have amassed vast market power, Jonathan Baker shows how laws and regulations can be updated to ensure more competition. The sooner courts and antitrust enforcement agencies stop listening to the Chicago school and start paying attention to modern economics, the sooner Americans will reap the benefits of competition.