Competition and Antitrust Law: A Very Short Introduction

Competition and Antitrust Law: A Very Short Introduction

Edition number: 1
Publisher: OUP Oxford
Date of Publication:
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Product details:

No. of pages:160 pages
Size:174x113x9 mm
Weight:136 g
Illustrations: 4 black & white graphs
Short description:

Explores the promise and limitations of competitive market dynamics, looking at the threats to competition--cartels, agreements, monopolies, and mergers--and the laws in place across the US and European Union to safeguard the process of competition.

Long description:
Very Short Introductions: Brilliant, Sharp, Inspiring

Competition is responsible for much of the prosperity around us. Competitive markets deliver lower prices, better quality, abundance of choice, and increased innovation. But while competition benefits the consumers, it can prove challenging to producers and sellers, who need to constantly improve to stay in business. As a result, sellers may sometimes look for ways to dampen the competitive process.

Our antitrust and competition laws are designed to address these risks and safeguard consumer welfare. The competition enforcers have the task of unravelling price-fixing cartels, challenging powerful companies that abuse their power, and monitoring proposed merger transactions that could undermine effective competition. In doing so, competition enforcers have to carefully consider the level of intervention and ensure they do not distort the natural dynamics of competition.

Drawing on case studies from the US and the European Union, this Very Short Introduction explores the promise and limitations of competitive market dynamics. In examining the laws and the way they are enforced, Ariel Ezrachi considers the delicate relationship between a free market economy and government intervention, and the fascinating forces of competition that shape modern society.

ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

The book's pocket-size format, informative contents page and chapter headings, and useful references and index sections, as well as clear sub-headings and illustrative diagrams, all help busy readers find what they need quickly.
Table of Contents:
The Power of Competition
The goals and scope of competition and antitrust laws
What is the optimal level of enforcement?
The legal framework
Who enforces the law?
The fight against cartels
Horizontal and vertical agreements
Monopolies and the abuse of market power
Mergers and acquisitions
The international dimension