Should Antitrust Go Beyond “Antitrust”?

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dc.contributor.authorBrennan, Timothy J.
dc.date.accessioned2018-03-05T18:25:24Z
dc.date.available2018-03-05T18:25:24Z
dc.date.issued2018
dc.description.abstractNumerous observers, from all sides of the political spectrum, have proposed alternatives to economic efficiency as objectives for antitrust enforcement and decisions. A list includes fairness, inequality, labor share of income, jobs, effect on competition (apart from consumer welfare), consumer choice, promoting democracy, concentration of political power, globalization, domestic control over resources, media veracity, environmental protection, managerial competence, and mitigating consumer error. Three factors raise general doubts about the merits of doing so. One is that antitrust is sufficiently complex and that adding additional factors to balance may make it even less comprehensible to the general public (and even experts). A second is that other policies are available to pursue these alternatives that are both better designed to do so and are not subject to the vagary of whether a particular firm or sector might be involved in an antitrust violation. The third is that antitrust ought not be distracted from its economic efficiency mission, since there is no other economy wide tool for promoting economic efficiency. Those considerations and others are used to assess the potential effectiveness of incorporating each of these alternatives into antitrust enforcement and adjudication. Many of these alternatives may be a side benefit of antitrust enforcement, but not a factor that antitrust enforcers and courts can be expected to sensibly trade off against economic efficiency.en_US
dc.identifierdoi:10.13016/M2K931805
dc.identifier.citationBrennan, Timothy J. "Should Antitrust Go Beyond 'Antitrust.'" The Antitrust Bulletin 63, no. 1, 49-64.en_US
dc.identifier.urihttp://hdl.handle.net/11603/7842
dc.publisherSageen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC School of Public Policy Collection
dc.relation.ispartofUMBC Economics Department
dc.relation.ispartofUMBC Faculty Collection
dc.rightsThis item may be protected under Title 17 of the U.S. Copyright Law. It is made available by UMBC for non-commercial research and education. For permission to publish or reproduce, please contact the author.
dc.subjectantitrusten_US
dc.subjectobjectivesen_US
dc.subjectfairnessen_US
dc.subjectinequalityen_US
dc.subjecteconomic efficiencyen_US
dc.titleShould Antitrust Go Beyond “Antitrust”?en_US
dc.typeCollectionen_US

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