The Law and Economics of Monopolization Standards

Keith N. Hylton May 9, 2008

Antitrust Law and Economics, 2009 View Original Source

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Abstract

This chapter provides a survey of the law and literature on monopolization. The focus is American law, but the issues considered are equally applicable to European law. After briefly reviewing the history of monopolization law in the U.S., I review various approaches to the legal standard for monopolization suggested in the literature. I then attempt to model monopolization standards, and assess their desirability in light of error costs.