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This book:-
(1) delineates operational definitions of (A) the key concepts in the U.S.'/E.U.'s respective tests of antitrust illegality and (B) such other antitrust-law-related economic concepts as "oligopolistic" and "predatory" conduct,
(2) analyzes the profitability of oligopolistic and predatory conduct and the evidence that can and cannot establish that they have been practiced,
(3) explains why market definitions are inherently arbitrary and criticizes the market-oriented approaches that U.S. and E.U. antitrust-enforcement officials have used to predict the competitive impact of horizontal mergers and the possible foreclosing effects of long-term requirements contracts,
(4) explains the various functions that vertical integration can perform and the ability of various types of pricing techniques, vertical contractual restraints, and sales policies to perform those functions,
(5) describes U.S. antitrust law and E.U. competition law as written,
(6) summarizes and criticizes the ways in which the U.S./E.U. authorities have interpreted and applied the U.S./E.U. antitrust statutes/treaty, and
(7) compares U.S. and E.U. antitrust law both as written and as applied.
Introduction to This Study: This Study's Coverage and Distinctive Features.
Introduction to Part I: Basic Concepts and Approaches.
Chapter 1: The "Correct" Definition of "The Impact of a Choice on Economic Efficiency".
Chapter 2: The Components of the Difference Between a Firm's Price and Conventional Marginal Costs and the Intermediate Determinants of the Intensity of Quality-and-Variety-Increasing-Investment Competition.
Chapter 3: The Definitions of "Monopolizing Conduct," "Attempts to Monopolize," and "Exclusionary Abuses".
Chapter 4: The Conduct-Coverage of, Tests of Legality Promulgated by, and Defenses (U.S. Spelling) or Defences (British Spelling) Recognized by U.S. Antitrust Law and E.C./E.U. Competition law.
Chapter 5: The Categories of Economic-Efficiency Gains Whose Generation by Business Conduct Respectively Are and Are Not Relevant to the Conduct's Antitrust Legality.
Chapter 6: The Inevitable Arbitrariness of Market Definitions and the Unjustifiability of Market-Oriented Antitrust Analyses.
Chapter 7: Economic and Antitrust Markets: Their Abstract Definition, Their Delimitability, and the Methods That Have Been Proposed and Used to Identify Concrete Exemplars.
Chapter 8: The Operational Definition of A Firm's Monopoly Power, Oligopoly Power, and Total (Market) Power in a Given ARDEPPS.
Chapter 9: The Need to Analyze Separately the Monopolizing Character, "Abusiveness," Competitive Impact, and Economic Efficiency of Business Choices.
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