Economics in antitrust enforcement and the private benefit of scholarly commentators
Posted by Social Science Research Network
Economics in antitrust enforcement and the private benefit of scholarly commentators
By Jan Broulík (TILEC)
Abstract: Academic commentators maintain advocating more economics in antitrust enforcement thanit would be optimal from the societal point of view. It has been proposed that this advocacyarises from the private benefit that the commentators obtain from the enforcement use of economics. This article examines the plausibility of this proposition. It compiles the available data on the size of business and emplyoment opportunities for antitrust practitioners to showthat there is a significant private benefit associated with the enforcement use of economics.Because the boundary between antitrust practice and academia is permeable, this private benefits capable of distorting the scholarly commentary. Literature on an analogous issue advances that such distortions of the academic discourse arising from practice-related benefits enjoyed by academic commentators are not rare. Additional incentives come from big businesses that benefit from the excessive use of economics and, therefore, reward commentary that advocates it. The proposition therefore appears to be reasonably plausible.
Featured News
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI