000 04609nam a22004335i 4500
001 978-3-642-24313-4
003 DE-He213
005 20200420211741.0
007 cr nn 008mamaa
008 140522s2014 gw | s |||| 0|eng d
020 _a9783642243134
_9978-3-642-24313-4
024 7 _a10.1007/978-3-642-24313-4
_2doi
050 4 _aHD87-87.55
072 7 _aKCP
_2bicssc
072 7 _aPOL024000
_2bisacsh
082 0 4 _a338.9
_223
100 1 _aMarkovits, Richard S.
_eauthor.
245 1 0 _aEconomics and the Interpretation and Application of U.S. and E.U. Antitrust Law
_h[electronic resource] :
_bVolume II Economics-Based Legal Analyses of Mergers, Vertical Practices, and Joint Ventures /
_cby Richard S. Markovits.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2014.
300 _aXXIV, 705 p. 4 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction to This Study: This Study's Coverage and Distinctive Features -- Chapter 12: Horizontal Mergers and Acquisitions -- Chapter 13: Conglomerate Mergers and Acquisitions -- Chapter 14: Vertical Mergers and the Pricing Techniques, Contract-of-Sale Provisions, and Sales-Policies That Are Surrogates For Vertical Integration -- Chapter 15: Joint Ventures and Other Types of Functionally-Analogous Collaborative Arrangements.
520 _aVolume 2 uses the economic and legal concepts/theories of Volume 1 to (1) analyze the U.S. and E.U. antitrust legality of  mergers, joint ventures, and the pricing-technique and contractual/sales-policy distributor-control surrogates for vertical integration and (2) assess related positions of scholars and U.S. and E.U. antitrust officials. Its analysis of horizontal mergers (1) delineates non-market-oriented protocols for determining whether they manifest specific anticompetitive intent, would lessen competition, or are rendered lawful by the efficiencies they would generate, (2) criticizes the U.S. courts' traditional market-share/market-concentration protocol, the HHI-oriented protocols of the 1992 U.S. DOJ/FTC Guidelines and the European Commission (EC) Guidelines, and the various non-market-oriented protocols the DOJ/FTC have increasingly been using, (3) argues that, although the 2010 U.S. Guidelines and DOJ/FTC officials discuss market definition as if it matters, those Guidelines actually reject market-oriented approaches, and (4) reviews the relevant U.S. and E.U. case-law. Its analysis of conglomerate mergers (1) shows that they can perform the same legitimate and competition-increasing functions as horizontal mergers and can yield illegitimate profits and lessen competition by increasing contrived oligopolistic pricing and retaliation barriers to investment, (2) analyzes the determinants of all these effects, and (3) assesses limit-price theory, the toe-hold-merger doctrine, and U.S. and E.U. case-law. Its analysis of vertical conduct (1) examines the legitimate functions of each type of such conduct, (2) delineates the conditions under which each manifests specific anticompetitive intent and/or lessens competition, and (3) assesses related U.S. and E.U. case-law and DOJ/FTC and EC positions.  Its analysis of joint ventures (1) explains that they violate U.S. law only when they manifest specific anticompetitive intent while they violate E.U. law either for this reason or because they lessen competition,  (2) discusses the meaning of an "ancillary restraint" and demonstrates that whether a joint-venture agreement would be illegal if it imposed no restraints and whether any restraints imposed are ancillary can be determined only through case-by-case analysis, (3) explains why scholars and officials overestimate the economic efficiency of R&D joint ventures, and (4) discusses related U.S. and E.U. case-law and DOJ/FTC and EC positions.  The study's Conclusion (1) reviews how its analyses justify its innovative conceptual systems and (2) compares U.S. and E.U. antitrust law as written and as applied.  .
650 0 _aPublic law.
650 0 _aEconomic policy.
650 1 4 _aEconomics.
650 2 4 _aEconomic Policy.
650 2 4 _aPublic Law.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642243127
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-24313-4
912 _aZDB-2-SBE
942 _cEBK
999 _c50648
_d50648