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Vol. I - Explaining why market definitions are inherently arbitrary, this publication defines 'oligopolistic' and 'predatory' business conduct, analyzes their profitability and provides a critique of the market-oriented approach used by US and EU law-enforcement.
Vol. II - The standard analysis of anti-trust legislation ignores numerous inefficiencies. This 'distortion-analysis' approach responds appropriately to second-best theory and uses it to analyze the economic efficiency of business conduct covered by anti-trust law.