Antitrust, Law & Economics, and Politics

The Economics of Politics and the Understanding of Public Law

Economics and Politics: Perspectives on the Goals and Future of Antitrust

This Article examines the roles of economics and politics in U.S. antitrust from several perspectives. It explains why the modern debate over the economic welfare standard that enforcers and courts should pursue is unsatisfying. It connects economics with politics by describing antitrust's economic goals as the product of a mid-twentieth century political understanding about the nature of econo...

Trade Openness and Antitrust Law*

Abstract. Openness to international trade and adopting stringent antitrust laws are both ways that countries can curb anticompetitive behavior. But scholars have long debated the relationship between these two tools. Some have argued that greater trade openness makes antitrust unnecessary, while others have argued that antitrust laws are still needed to realize the benefits of trade liberalizat...

In Hospital Antitrust Law

Antitrust litigation involving hospitals is common. This paper describes recent developments and underlying issues in antitrust law with respect to hospital–hospital relations, hospital–physician relations, and hospital–payer relations. A key unanswered question in each of these areas is how government regulation and public purchasing affect competitive markets for hospital services. A nt itrus...

Medical Economics (and Politics)

G et ready! The landscape in medicine is probably going to change rapidly. The starting bell rang in December 2010 in Washington, DC, with very little fanfare when the Food and Drug Administration (FDA) banned doctors from prescribing Avastin to patients with advanced-stage breast cancer. 1 Avastin, a potent but costly drug, has worked in some clinical trials by halting the spread of cancer and...