Competition Policies for an Integrated World

" Scherer has demonstrated yet again why he is one of the world's leading antitrust scholars. This book provides a much needed, in-depth study of the role of national antitrust policies in a global economy. The Antitrust Division wrestles with this question daily and this book provides a guide to us and to all those interested in antitrust policy with some important answers." Anne K. Bingaman, Assistant Attorney General, Antitrust Division, U.S. Department of Justice

Preface

xi

Introduction

1

(7)

The Policy Goals

1

(1)

The Task at Hand

2

(1)

Theory Underlying the Policy Goals

3

(5)

National Trade Strategies and International Trade Policy

8

(9)

The Early Policy Debate

8

(3)

National Trading Strategies and International Agreements

11

(2)

The Expansion of Trade and Foreign Investment

13

(2)

Implications

15

(2)

The Adoption of National and Transnational Competition Policies

17

(26)

The Early U.S. Experience

17

(6)

Parallel Developments in Other Nations

23

(5)

Changes in National Policy after World War II

28

(5)

Transnational Competition Policy: The European Community

33

(5)

Efforts to Establish Broader Transnational Policies

38

(3)

Conclusion

41

(2)

Specific Competition Policy Challenges

43

(46)

Cartels

43

(18)

Market Structure, Market Dominance, and Mergers

61

(9)

Vertical Foreclosure, Dealer Restrictions, and Other Vertical Restraints

70

(8)

Price Discrimination

78

(9)

Are Multinational Enterprises Special?

87

(2)

Policies for the Future

89

(10)

A Proposal

91

(5)

Other Policies

96

(3)

Comments

99

(18)

Alexis Jacquemin

111

(117)

Jiro Tamura

References

117

(10)

Index

127

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Competition Policies for an Integrated World Economy

Summary

Table of Contents

Supplemental Materials