Posted by Social Science Research Network
What the German Auto Scandal Teaches Us About the Consumer Welfare Standard
By David A. Balto
There is a vibrant debate going on right now about the proper role of antitrust and whether this role is best served by the consumer welfare standard. Many of those that would support a new standard do so because of a belief that antitrust law should do more to shape our economy under a broader policy mandate. These calls should be rejected. Expanding the policy goals of antitrust law would not only lead us into areas where we do antitrust policy does not have the proper tools, it would also intrude into other policy areas are a better fit for these problems.
The fallout from “Dieselgate” or the Volkswagen emissions scandal provides a good test case for how the consumer welfare standard grounds antitrust policy.
Featured News
UK’s CMA Investigates Education Software Company for Market Abuse
May 14, 2024 by
CPI
Schumer Urges FTC Caution on Chevron’s $53B Hess Deal Over Gas Price Fears
May 14, 2024 by
CPI
Amazon Urges US Judge to Block FTC Probe into Data Preservation
May 14, 2024 by
CPI
Colorado Makes History: First State to Enact Comprehensive AI Legislation
May 14, 2024 by
CPI
Class Action Settlement Reached in Cheerleading Monopoly
May 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI