Has antitrust become too focused on output?
In a new paper, University of Miami School of Law professor John Newman says the most common critique of the “Chicago School of Antitrust” is all wrong. The former Department of Justice attorney argues the likes of Robert Bork and Richard Posner focused too heavily on defining antitrust harm as a reduction in output, rather than as an increase in prices. Newman spoke to GCR USA about how he sees this output “fallacy” dismantling the perception that modern antitrust law is designed to protect consumer welfare.
Subscribe to Global Competition Review
Subscribe and start reading now
Global Competition Review (GCR) is the complete source of news and analysis for competition practitioners. It keeps you up to speed with the issues and trends that matter, giving you the detail, and depth, you need to operate successfully.
Already have access? Login below
Copyright © Law Business ResearchCompany Number: 03281866 VAT: GB 160 7529 10