Antitrust law: An analysis of antitrust principles and their application (23 VOLS)

El precio original era: $990.000.El precio actual es: $693.000.

Autor

Editorial

ISBN

9780735564282

EAN

Hay existencias

  • The central purpose of the federal antitrust laws is to preserve competition to the extent that competitive policy has not been displaced by direct governmental regulation or exemption.
  • Com- petition serves many ends. First and foremost, competition is thought to yield the highest output and lowest prices consistent with competitors’ ability to earn minimally profitable returns to their investments.
  • In addition, competitive processes substitute impersonal and hence more tolerable market decisions for the dic- tates of private decision makers, and for the governmental bureau- cratic controls to which unchecked private power may otherwise lead.
  • By controlling cartels and monopolies, moreover, competi- tion limits wealth transfers from consumers to capital owners. Fur- thermore, many believe that competition disperses business assets and broadens independent entrepreneurial opportunities, thereby improving the social and political climates. Finally, competition may promote innovation, at least to an extent.