The US antitrust system and recent trends in antitrust enforcement
Journal of Economic Surveys
Antitrust enforcement, Time-series analysis, US antitrust system
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.
Copyright © Blackwell Publishers Ltd. 2000
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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