The Antitrust Revolution Economics, Competition, and Policy

Fully updated to reflect important developments in antitrust economics, The Antitrust Revolution, Seventh Edition, examines the critical role of economic analysis in recent antitrust case decisions and policy. The case studies--more than three-quarters of which are entirely new--are written by prominent economists who participated in the proceedings of that case. New and revised appendices support a number of the case studies and help students with the analysis of those cases.

John E. Kwoka is Neal F. Finnegan Distinguished Professor of Economics at Northeastern University. He is the author or editor of three books and more than 75 articles in the areas of industrial economics, antitrust, and regulation. His book Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.S. Policy was published by MIT Press in 2015. Professor Kwoka is presently a Research Fellow of the American Antitrust lnstitute and is on the boards of Industrial Organization Society and the Review of Industrial Organization. He has also served at the Federal Trade Commission, the Antitrust Division of the Justice Department, and the Federal Communications Commission.

Lawrence J. White is Robert Kavesh Professor of Economics at the Stern School of Business, New York University, where he has taught for over 35 years. His primary areas of research interest include financial regulation, antitrust, network industries, international banking, and applied microeconomics. He is the author of several books, including The S&l Debacle: Public Policy Lessons for Bank and Thrift Regulation (OUP, 1991), Reducing the Barriers to International Trade in Accounting Services (2001), and U.S. Public Policy toward Network Industries (1999).

PART I. Horizontal Structure

The Economic and Legal Context

1. The Aetna-Humana Proposed Merger (2017)
Denrick Bayot
Kostis Hatzitaskos
Brad T. Howells
Aviv Nevo

2. Electrolux's Attempted Acquisition of GE's Appliance Business: U.S. v. AB Electrolux and General Electric (2015)
T. Scott Thompson
Michael D. Whinston

3. Hospital-Physician Integration: The St. Luke's Case (2013)
Tasneem Chipty
Deborah Haas-Wilson

4. Hertz-Dollar Thrifty: Fixing a Merger to Avoid Litigation (2012)
Michael J. Doane
Luke M. Froeb
Gregory J. Werden
David M. Zimmer

5. Merger in the Pharmacy Benefit Management Industry: The Express Scripts Acquisition of Medco (2012)
Francine Lafontaine
Christopher J. Metcalf
David R. Schmidt
Brett W. Wendling

6. The Proposed Merger of AT&T and T-Mobile: Rethinking Possible (2011)
Patrick DeGraba
Gregory L. Rosston

7. Under the Radar: The Dean Foods-Foremost Farms Consummated Merger (2010)
Michael R. Baye
Graeme Hunter
Emily Walden

8. Rockonomics: The Ticketmaster-Live Nation Merger and the Rock Concert Business (2010)
John E. Kwoka, Jr.

9. Prices, Market Definition, and the Effects of Merger: Staples, Office Depot, and Office Max (1997, 2015, 2016)
Serdar Dalkir
Frederick R. Warren-Boulton


PART II. Horizontal Practices

The Economic and Legal Context

10. A Tussle over Royalties: Pandora v. ASCAP, Pandora v. BMI, and the DOJ's Consent Decree Review (2016)
Leslie M. Marx
Keith Waehrer

11. Agreeing to Exclude: The North Carolina State Board of Dental Examiners (2015)
John E. Kwoka, Jr.

12. Collusion in College Sports: Edward C. O'Bannon, et al. v. NCAA, et al. (2015)
Roger G. Noll

13. Licensing Standard-Essential Patents: Microsoft v. Motorola (2015)
Howard H. Chang
Richard Schmalensee

14. The LCD Conspiracy: The Sherman Act, Beyond a Reasonable Doubt, and Issues of Extraterritoriality (2014)
Keith B. Leffler
Cristian J. Santesteban

15. Pharmaceutical Patents and Pay-for-Delay: Actavis (2013)
Joseph Farrell
Mark Chicu

16. Predatory Pricing in the Airline Industry: Spirit Airlines v. Northwest Airlines (2005)
Kenneth G. Elzinga
David E. Mills


PART III. Vertical, Network, and Related Market Issues

The Economic and Legal Context

17. Retail Auto Sales: Tesla v. State Vehicle Franchise Laws (2017)
Fiona Scott Morton
Ann McDermott

18. Economic Theories of Harm Raised by the Proposed Comcast/TWC Transaction (2015)
William P. Rogerson

19. End of an Era: The American Airlines-US Airways Merger (2014)
G. Steven Olley
Robert Town

20. Cartel Ringmaster or Competition Creator? The Ebooks Case against Apple (2013)
Jonathan B. Baker

21. U.S. Federal Trade Commission Investigation of Google Search (2013)
Richard J. Gilbert

22. Maintenance of Monopoly: U.S. v. Microsoft (2001)
Daniel L. Rubinfeld