The US antitrust system and recent trends in antitrust enforcement
Document Type
Journal article
Source Publication
Journal of Economic Surveys
Publication Date
1-1-2000
Volume
14
Issue
3
First Page
255
Last Page
306
Keywords
Antitrust enforcement, Time-series analysis, US antitrust system
Abstract
This paper provides a survey of recent research on the US antitrust system. First we provide an overview of the US antitrust system, describing the roles of the US Department of Justice, the Federal Trade Commission and case law. Second, we provide a new econometric trend analysis on the enforcement of US antitrust law, showing that (1) enforcement demonstrates some trend behavior, as well as comovement with business cycles; (2) the time series of antitrust cases demonstrates two distinct episodes, which we characterize as 'pre-deregulation' and 'post-deregulation;' (3) the time series of government antitrust filings leads the time series of private antitrust filings. Finally, we describe recent economic research relevant to the area of antitrust and the impact of this research on US antitrust policy.
DOI
10.1111/1467-6419.00111
Print ISSN
09500804
E-ISSN
14676419
Publisher Statement
Copyright © Blackwell Publishers Ltd. 2000
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Lin, P., Raj, B., Sandfort, M., & Slottje, D. (2000). The US antitrust system and recent trends in antitrust enforcement. Journal of Economic Surveys, 14(3), 255-306. doi: 10.1111/1467-6419.00111