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Efficiencies and Antitrust Reconsidered: An Evolutionary

By  |  November 4, 2014

Posted by Social Science Research Network

Efficiencies and Antitrust Reconsidered: An Evolutionary – Thomas Jeffrey Horton (University of South Dakota, School of Law)

ABSTRACT: This article reconsiders the issue of efficiencies and antitrust from a fresh new perspective: the perspective of evolutionary biology and economics. Building on this author’s earlier work applying evolutionary biology and economics to structural and behavioral antitrust analyses, this article examines efficiencies and antitrust from a dynamic and systemic evolutionary perspective.

The article recommends: 1) increased and more aggressive enforcement against horizontal mergers between competitors; 2) renewed interest in vertical mergers and agreements; and 3) more aggressive guarding of competitive diversity and opportunity against unfair predatory conduct by dominant firms, monopolies, and oligopolies.