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Antitrust Laws and Regulations: An Overview, Slides of Macroeconomics

Aligarh Muslim University Macroeconomics

An overview of antitrust laws and regulations in the united states, including the sherman act, clayton act, and federal trade commission act. It also covers antitrust enforcement history, the herfindahl index, global antitrust, and other regulations. Additionally, it discusses the costs and benefits of regulations and examples of deregulation, as well as the role of the securities and exchange commission (sec).

Typology: Slides

2012/2013

Uploaded on 01/08/2013

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Partial preview of the text

Download Antitrust Laws and Regulations: An Overview and more Slides Macroeconomics in PDF only on Docsity! Chapter 13: Antitrust and Regulation Docsity.com Antitrust policy • Sherman Act (1890) – Outlaws contracts and conspiracies in restraint of trade – Forbids monopolization – Does not describe what is prohibited • Clayton Act (1914) – Bans price discrimination designed to limit competition – Prohibits tying and exclusive dealing contracts • Federal Trade Commission Act (1914) – Established the FTC to administer antitrust laws Docsity.com Global antitrust • Growing volume of international trade makes antitrust regulation more complex (due to different laws in different countries) Docsity.com Other regulation • Economic regulation – Antitrust laws – Laws affecting price and output • Social regulation – Health and safety standards – Workplace safety – Environmental standards – Etc. Docsity.com Costs and benefits of regulations • Cost estimates are in the range of $400 - $800 billions • Benefits – gains to society Docsity.com

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