The Italian Law Journal | ItaLJ

2 THE ITALIAN LAW JOURNAL NO. 2 (2016)

Some Inconvenient Truths About
Antitrust Law and Economics
  

by Jeffrey L. Harrison 

United Statesā€™ antitrust policy and, to a lesser extent, that of the European Union stress three economic goals ā€“ consumer surplus, allocative efficiency, and productive efficiency. When they are discussed or debated, antitrust scholars omit a number of points that undercut their desirability. This Essay describes them briefly and highlights their frailties. The problem is so severe that scholars who rely on those terms to influence others without full disclosure are very close to engaging in misrepresentation. 

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