Description

Antitrust Law in Perspective Cases Concepts and Problems in Competition Policy 5th Edition 9798887869247

When the first edition of Antitrust Law in Perspective by Gavil, Kovacic, and Baker debuted over 20 years ago, antitrust law appeared to follow a stable trajectory.

Today, the field is undergoing dramatic shifts, marked by heightened skepticism toward mergers, significant monopolization cases, and increased regulatory scrutiny of digital markets by the European Union, the United Kingdom, and beyond. In the U.S., the once-stable antitrust framework is now a dynamic and evolving landscape. For educators, these changes pose a unique challenge: how to teach the law as it stands while addressing the pressing debates and uncertainties shaping its future.

The fifth edition of Antitrust Law in Perspective rises to this challenge, preserving its familiar structure while incorporating significant updates to reflect current developments and enhance teachability. New and expanded materials focus on digital markets, including the implications of the rule of reason post-Alston. Chapter 3 now examines recent judicial treatments of agreement issues related to algorithmic pricing, while Chapter 4 delves deeper into the complexities of "course of conduct" and "monopoly broth" theories in monopolization claims.

The treatment of mergers has been thoroughly revised to incorporate the 2023 Federal Trade Commission and Justice Department Merger Guidelines. Chapter 5 integrates these Guidelines into case law analysis, distinguishing between the plaintiff’s prima facie case and merging firms’ rebuttals. The chapter clarifies the interplay between legal classifications of mergers (horizontal, vertical, conglomerate) and economic distinctions in the Guidelines, including those addressing coordination, loss of head-to-head competition, exclusion of rivals, and the entrenchment of dominant firms.

Throughout the text, the authors have updated and expanded the popular Notes and Sidebars, offering deeper dives into key topics and allowing instructors to tailor the material to both basic and advanced courses.

Antitrust Law in Perspective 5th Edition 979-8887869247