A PYMNTS Company

Vertical Restrictions and Antitrust Policy: What About the Evidence?

By  |  October 18, 2006
Vertical Restrictions and Antitrust Policy: What About the Evidence?

James Cooper, Luke Froeb, Daniel O’Brien, Michael Vita, Sep 01, 2005

Until theory can be used to determine how likely it is that a restraint will lead to an anticompetitive outcome, decision makers will be left with a considerable amount of uncertainty. In this world, enforcement decisions should be guided by prior beliefs and loss functions. The authors review of the existing empirical evidence which informs their priors  suggests that vertical restraints are likely to be benign or welfare-enhancing.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Links to Full Content