Books

The next best thing to being in the courtroom is to read the accounts of these antitrust cases in the Kwoka, Valletti, White book.  Doing so drives home the continuing globalization of antitrust.

This book is a compendium of essays on U.S. and European antitrust cases by a stellar cast of competition scholars. The focus is on the important economic issues raised by recent enforcement actions. The essays cover a wide range of frontier topics in antitrust, including vertical mergers, acquisitions that eliminate potential competitors, harm to innovation, monopsony, no-poaching agreements, and competition policy for two-sided platforms. The essays are balanced and insightful. Taken together they are essential reading for anyone interested in the current state of international antitrust enforcement.

Antitrust Economics at a Time of Upheaval is a refreshing comparative perspective on the role of economics in ways that are largely proenforcement and that consider the impact of new technologies. It is an excellent presentation of the view that antitrust need not abandon economics in order to fight anticompetitive practices effectively; to the contrary, economics provides the basic tools for supporting that fi ght. For example, effi ciencies must be proven, but they should be taken seriously. The same is true of predatory pricing. As the editors observe, new theories that either cabin or reject older Chicago-driven doctrine can be both economically rational and empirically robust.

The Kwoka & White Antitrust Revolution anthology series has been a classic, with Expert Economist analyses of important antitrust cases. This new Antitrust Economics at a Time of Upheaval is even better. It adds a new editorial partner, Tommaso Valletti -- and cases from additional jurisdictions. It will continue to be an essential contribution to every modern industrial organization and antitrust course.

Antitrust Economics at a Time of Upheaval is must reading for all economists (and economically literate lawyers) who care about competition policy. It consists of well-written essays on economic issues in important cases by economists who were intimately involved in those cases – generally on the winning side.

This detailed analysis of some of the most interesting cases in recent years across jurisdictions is a must read for practitioners and academics to understand antitrust issues today.

This important book provides an economic analysis of eighteen major recent antitrust cases. The cases cover a wide variety of practices (mergers, various forms of monopolistic conduct and price fixing) and a broad range of industries (such as pharmaceuticals, hospitals, financial markets, telecom, semiconductors and various digital markets). The chapters offer a unique perspective because they are written by leading competition economists who were actively involved in the case, either advising the agency or one of the concerned companies. Each chapter is well structured, generally starting with a clear summary of the market and the case, discussing the economic arguments of the antitrust agency and the involved parties, discussing the outcome, and concluding with personal reflections. The discussion typically covers the relevant economic theories, empirical evidence, and a rich discussion on the institutional context and debate. Because of this great mix, the book would serve well as a textbook for undergraduate courses in competition policy. It will also be very valuable for practitioners and inspiring to academic researchers.