Economic Analysis of Antitrust

Author: Wang Chuanhui
Publisher:
Publish Date: 2004-08-01
Features: This book studies antitrust from the perspective of law and economics. In addition to elaborating on the basic theories of monopoly and antitrust, and analyzing important antitrust issues such as market power concentration, cartels, and exclusive practices, it also conducts a legal economic analysis of antitrust in the new economy and China's antitrust legislation. The author argues that the core objective of antitrust should be economic efficiency. Monopolies formed in the market have the potential to promote efficiency, and the implementation of antitrust measures should be cautious. China is currently in a transition economy phase, and the most harmful form of market competition is administrative monopoly. However, within the current system, it is very difficult to restrain administrative monopoly through antitrust law. Legislative work must carefully conduct institutional design and feasibility analysis.