Course Topics and Readings.
Return to Main
Menu
Drucker, P., "Peter Drucker on
the new business realities", The Antitrust Bulletin, Winter 1999, pp.
795-819.
Kovacic, W. & C. Shapiro, "Antitrust
Policy: A Century of Economic and Legal Thinking", Journal of Economic
Perspectives, Vol. 14, No. 1, Winter 2000, pp. 43-60.
Porter, M.,
"Michael Porter
on competition", The Antitrust Bulletin, Winter 1999, pp. 841-880.
Round, D. & J. Siegfried, "Can economists
agree, or are some more agreeable than others?", The Antitrust Bulletin,
Fall 1994, pp. 753-69.
Berry, M., (2002): Economists and the Law: An Antitrust
Perspective, New Zealand Association of Economists Annual Conference,
mimeo.
Term 1 Lecture 1
Return to Main Menu
Return to Top
Martin,
S., Introduction
(Chapter 1), The Welfare Consequences of Market Power (Chapter 2), Public Policy
Toward Private Enterprise - Introduction (Chapter 3), Public Policy Toward
Private Enterprise (Chapter 18). Massey
and Daly, Chapters 2, 4, and 22.Scherer, F. & D. Ross, Chapter
2.
Baumol,
W., "Contestable
Markets: An Uprising in the Theory of Industry Structure", American Economic
Review, Vol.72, No.1, March 1982, pp. 1-15.
Gilbert,
R., "The Role of
Potential Competition in Industrial Organization", Journal of Economic
Perspective, Vol.3, No.3, Summer 1989, pp. 107-27.
Lande,
R., "Chicago's
False Foundation: Wealth Transfers
(Not Just Efficiency) Should Guide Antitrust", Antitrust Law
Journal, Vol.58, 1989, pp. 631-44.
Schwartz, M. & R. Reynolds, "Contestable
Markets: An Uprising in the Theory of Industry
Structure:
Comment", American Economic Review, Vol.73, No.3, June 1983, pp.
488-96.
Williamson,
O., "Economics as
an Antitrust Defence: The Welfare Tradeoffs", American Economic Review,
Vol.63, March 1968, pp. 18-36.
Term 1 Lecture 2
Return to Main Menu
Return to Top
Massey and Daly,
Chapter 5
European
Commission, Commission
Notice on the definition of the relevant market for the purposes of Community
competition law, Official
Journal: OJ C 372 on 9/12/1997 (available at www.europa.eu.int/comm/competition/antitrust/relevma_en.html).
U.S.
Department of Justice and Federal Trade Commission, Horizontal
Merger Guidelines, April 8, 1997 (available at www.usdoj.gov/atr/public/guidelines/guidelin.htm).
Camesasca, P. & R. Van den Bergh, "Achilles
uncovered: revisiting the European Commission's 1997 market definition notice", The Antitrust Bulletin, Spring 2002, pp. 143-86.
Kaserman, D. & H. Zeisel, "Market
Definition: implementing the Department of Justice Merger Guidelines", The Antitrust Bulletin, Vol.41, No.3, Fall 1996, pp.665-90.
O'Brien, D.P. and Wickelgren,
A.L., (2003):
A Critical Analysis of Critical Loss
Analysis, Washington D.C.: Federal Trade Commission, 2003. www.ftc.gov/be/workpapers/wp254.pdf
Vickers, J., Abuse of Market Power, speech to European
Association for Research in Industrial Economics, September 2004, www.oft.gov.uk/NR/rdonlyres/948B9FAF-B83C-49F5-B0FA-B25214DE6199/0/spe0304.pdf
Werden, G.J.: The 1982 Merger Guidelines and the
Ascent of the Hypothetical Monopolist Paradigm, 2002, www.usdoj.gov/atr/hmerger/11256.pdf
M. Katz and C. Shapiro (2003):
Critical
Loss: Lets Tell the Whole Story, Antitrust Magazine, available at http://faculty.haas.berkeley.edu/shapiro/critical.pdf
Case
Studies
Barker, J.B., (1996):
Econometric Analysis in FTC v.
Staples, American Bar Association's Antitrust Section Economics Committee, www.ftc.gov/speeches/other/stspch.htm
Dalkir, S., & F. Warren-Boulton, Prices, Market
Definition and the Effects of Merger: Staples-Office Depot (1997), The
Antitrust Revolution: Economics, Competition and Policy (Case 2), eds.
Kwoka, J. & L. White, pp.
52-72.
Term 1 Lectures 3, 4, 5 and 6.
Return to Main Menu
Return to Top
Martin,
S., Predation
(Chapter 16). Massey and Daly,
Chapter 8, Scherer, F. & D. Ross, Chapter 12, Phlips, chapters 11& 12
Baumol,W., "Predation and the Logic of the Average Variable Cost Test", Journal of Law
and Economics, Vol.39, April 1996, pp. 49-72.
Gundlach, G. & J. Guiltinan, "A marketing
perspective on predatory pricing", The Antitrust Bulletin, Winter 1998, pp.
883-916.
Kate,
A. & G. Neils, "On the
rationality of predatory pricing: the debate between Chicago and post-Chicago", The Antitrust Bulletin, Spring 2002, pp. 1-24.
Neils, G. & A. Kate, "Predatory
pricing standards: is there a growing international consensus?, The Antitrust
Bulletin, Fall 2000, pp. 787-809.
Scheffman, D. and Higgins, R.:
20 Years of
Raising Rivals' Costs: History, Assessment and Future, George Mason University Law Review,
2004, www.ftc.gov/be/rrcgmu.pdf
Case
Studies
Competition
Authority, Interim
Report of the Study on the Newspaper Industry (especially Chapters 6 and 7),
30 March 1995.
Edlin, A.S. and
Farrell, J., The American
Airlines Case: A Chance to Clarify Predation Policy, The Antitrust
Revolution: Economics, Competition and Policy (Case 20), eds. Kwoka, J. & L. White, pp.502-27.
Phlips,
Chapter 13 on
ECS/AkZo.
Rubinfeld,
D.L.: Maintenance of
Monopoly: US v. Microsoft, The Antitrust Revolution: Economics,
Competition and Policy (Case 19), eds. Kwoka, J. & L. White, pp.476-502.
Return to Main Menu
Return to Top
Term 1 Lectures 7 and 8. Term 2 Lectures 1 and 2.
Martin,
S., Oligopoly - The
Recognition of Interdependence (Chapter 5), Oligopoly - Collusion (Chapter 6).
Scherer, F. & D. Ross, Chapters 6, 7, 8, 9, 10 & 16, Massey and Daly, Chapter 7. Phlips Chapters 5-8.
OECD, Committee on Competition Law and
Policy: Mini Roundtable on Oligopoly, Working
Paper (1999), In addition to the summary by the Secretariat, the EU Commission
and both US submissions are worth reading.
www.oecd.org/dataoecd/35/34/190256.pdf
Case
Studies
Borenstein, S.: Rapid Price Communication and
Coordination: The Airline Tariff Publishing Case The Antitrust Revolution: Economics, Competition
and Policy (Case 9), eds.
Kwoka, J. & L. White,
pp.233-51.
Connor,
J.M.:
Global Cartels Redux: The Amino Acid Lysine Antitrust Litigation,
The Antitrust
Revolution: Economics, Competition and Policy (Case 10), eds.
Kwoka, J. & L. White,
pp.252-76.
Porter, R., and
Zona, J.D.: Bidding,
Bid-Rigging and School Milk Prices: Ohio
v. Trauth, The Antitrust
Revolution: Economics, Competition and Policy (Case 8), eds. Kwoka, J. & L. White, pp.211-32.
Rees, R.: Collusive Equilibrium in the Great Salt
Duopoly, 1993, Economic Journal, 103:
838-48.
Schmalensee, R.: Entry Barriers in the
Ready-to-Eat Breakfast Cereal Industry, Bell Journal of Economics, 9, 1978.
Slade, M.: Interfirm Rivalry in a Repeated Game: An Empirical Test of Tacit Collusion, Journal of Industrial Economics, 35, 1987: 499-516.
Return to Main Menu
Return to Top
6. Vertically Restrictive Agreements
Martin,
S., Vertical
Restraints (Chapter 17). Massey and
Daly Chapter 7. Scherer & Ross, Chapter 15.
Review
Articles
Baker, J.: Vertical
Restraints with Horizontal Consequences: Competitive Effects of "Most-Favored-Customer" Clauses. www.ftc.gov/speeches/other/bakersp.htm
Brennan, T.,
""Vertical"
excuses for horizontal practices: should there be any per se antitrust rules?", The Antitrust Bulletin, Summer 2000, pp. 467-90.
Coase,
R., "The
Institutional Structure of Production", American Economic Review, Vol.82,
No.4, September 1992, pp.713-19.
Competition
Authority, Notice in
Respect of Agreements Between Suppliers and Resellers, Decision No. N02/02,
1 July 2002 (available at http://www.tca.ie/).
Gilbert, R. and Katz, M., An Economist's Guide to US v. Microsoft, Journal of Economic Perspectives, 15(2) Spring 2001 25-44.
Salop,
S., "Exclusionary
Vertical Restraints Law: Has Economics Mattered?", American Economic
Review, Vol.83, No.2, May 1993, pp. 168-72.
Schwartz, M. & D. Eisenstadt, "Vertical
Restraints", Economic Analysis Group Discussion Paper, U.S. Department of
Justice, EPO 82-8, July 1983 (especially pp.1-38).
Resale Price
Maintenance
Schwartz, M. & D. Eisenstadt, pp. 38-50.
Telser,L., "Why
Should Manufacturers Want Fair Trade", Journal of Law and Economics, Vol.
3, October 1960, pp. 86-105.
Case
Studies
Bamberger, G.V.:
Revisiting
Maximum Resale Price Maintenance State
Oil v. Khan, The Antitrust Revolution:
Economics, Competition and Policy (Case 13), eds. Kwoka, J. & L. White, pp.334-49.
Competition
Authority, Net Book
Agreement, Decision No. 336 (available at http://www.tca.ie/).
Competition
Authority, Enforcement
decision in Statoil (available at http://www.tca.ie/)
Exclusive
Distribution/Territories/Selling and Exclusive Dealing/Purchasing
Schwartz, M. & D. Eisenstadt, pp.51-65 & pp. 88-96.
Marvel,
H., "Exclusive
Dealing", Journal of Law and Economics, Vol. 25, April 1982,
pp.1-25.
Simpson, J. and Wickelgren,
A. The Use of
Exclusive Contracts to Deter Entry, 2001, www.ftc.gov/be/workpapers/wp241.pdf
Case
Studies
Competition
Authority, Consultation on
a Declaration in the Cylinder LPG Market, September 2004
(available at http://www.tca.ie/)
Shapiro,
C.: Retailer
Instigated Restraints on Suppliers' Sales: Toys"R"Us, The Antitrust Revolution: Economics,
Competition and Policy (Case 15), eds. Kwoka, J. & L. White, pp.373-87.
Price
Discrimination & Tie-Ins
Martin,
S., Price
Discrimination/Tying (Chapter 15). Scherer F. & D. Ross, Chapter
13.
Schwartz, M. & D. Eisenstadt, pp. 75-88.
Bergman,
M., "The role of
the essential facilities doctrine", The Antitrust Bulletin, Summer 2001,
pp. 403-34.
Case
Studies
Nabeluf, B.,
Bundling:
GE-Honeywell, The Antitrust Revolution: Economics,
Competition and Policy (Case 16), eds.
Kwoka, J. & L. White,
pp.388-413.
Shapiro, C. & D. Teece, "Systems
Competition and Aftermarkets: An Economic Analysis of Kodak", The Antitrust
Bulletin, Vol.39, No.1, Spring 1994, p.135-62.
Slade, M.,
Beer
and the Tie: Did Divestiture of Brewer-Owned Public Houses Lead to Higher Beer
Prices, Economic Journal, 108, May
1998.
Verboven, F.: Price Discrimination in a Common
Market: International Price Discrimination in the European Car Market, Rand Journal of Economics 27, 1996:
240-68.
Return to Main Menu
Return to Top
7. Mergers
Martin,
S., Public Policy
Toward Mergers (Chapter 10). Scherer, F. & D. Ross, Chapter 5.
Massey and Daly,
Chapters
13-15.
Review Articles
Baker, J.,: Unilateral
Competitive Effects Theories in Merger Analysis, 1996, www.ftc.gov/speeches/other/unilat61.htm
Competition
Authority, Notice in
Respect of Agreements Involving a Merger and/or Sale of Business,
Decision No. N/02/001, 1 July 2002 (available at http://www.tca.ie/).
Competition
Authority, Guidelines for
Merger Analysis, November 2002
(available at http://www.tca.ie/).
Ivaldi, M. and Verboven,
F.: Quantifying the Effects of Horizontal
Mergers in European Competition Policy, 2001, Centre for Economic Policy
Research, Discussion Paper No. 2697. http://www.cepr.org/
Neven, D.,
Nuttall, R. & P. Seabright, Merger in
Daylight: The Economics and Politics of European Merger Control,
Centre for Economic Policy, 1993 (Chapter 2 – The analysis of mergers).
U.S.
Department of Justice and Federal Trade Commission, Horizontal
Merger Guidelines, April 8, 1997 (available at www.usdoj.gov/atr/public/guidelines/guidelin.htm).
Massey, P.,
"Merger policy
in Ireland", Irish Banking Review, Autumn 2001 pp. 30-42 (available at www.ibf.ie/about/pub.html).
McFetridge, D., "The Efficiencies
Defense in Merger Cases", The Economics of the Antitrust Process (Chapter
5), eds. Coate, M. & A. Kleit, Kluwer Academic Publishers, 1996 pp. 89-115.
OECD: Mergers in Financial Services, 2000,
Paris, OECD. See background note plus
Australian, Canadian US and EU country papers. www.oecd.org/dataoecd/34/22/1920060.pdf
OECD: Portfolio Effects in Conglomerate Mergers,
Paris: OECD, 2002, www.oecd.org/dataoecd/39/3/1818237.pdf Background note and US and EU country
papers.
Symposium,
Horizontal Mergers and Antitrust, Journal of Economic Perspectives,
Vol.1, No.2 Fall 1987, pp. 3-54.
Case
Studies
Horizontal
Barker, J.B.: Econometric Analysis in FTC v. Staples, American Bar
Association's Antitrust Section Economics Committee, 1996, www.ftc.gov/speeches/other/stspch.htm
Coleman,M., Meyer, D., and Scheffman,
D.: Empirical
Analysis of Potential Competitive Effects of a Horizontal Merger: The FTC's
Cruise Ships Mergers Investigation, Review of Industrial Organization, 2003,
www.ftc.gov/be/riocruise0703.pdf
Competition Authority: Report of Investigation of the Proposal
whereby Unilever Ireland Ltd would acquire the entire issued share capital of
Lyons Irish Enterprises Ltd. 1996.
Competition Authority, (1996):
Report of Investigation of the Proposal
whereby Statoil Ireland Limited would acquire the entire issued share capital of
Conoco Ireland Limited, 1996.
Dalkir, S., & F. Warren-Boulton, Prices, Market
Definition and the Effects of Merger: Staples-Office Depot (1997), The
Antitrust Revolution: Economics, Competition and Policy (Case 2), eds.
Kwoka, J. & L. White, pp.
52-72.
Compte, O., Jenny, F. and Rey,
P., (2002):
Capacity Constraints, Mergers and Collusion, European Economic Review, 46(1):
1-29.
Levy, N., Kimberly-Clark/Scott and the Power of
Brands, European Competition Law Review:
1996: 403-10.
Simpson, J.D. and Hosken,
D.: Are Retailing Mergers Anticompetitive? An
Event Study Analysis, Washington DC: Federal Trade Commission. 1998, www.ftc.gov/be/workpapers/wp216.pdf
Vertical
Competition Authority: Report of Investigation of the Proposal
whereby Coillte Teoranta would Acquire the Majority of the Issued Share Capital
of Balcas Limited, 1998.
Return to Main Menu
Return to Top