TY - JOUR
T1 - The US antitrust system and recent trends in antitrust enforcement
AU - LIN, Ping
AU - RAJ, Baldev
AU - SANDFORT, Michael
AU - SLOTTJE, Daniel
PY - 2000/1/1
Y1 - 2000/1/1
N2 - 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.
AB - 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.
KW - Antitrust enforcement
KW - Time-series analysis
KW - US antitrust system
UR - http://www.ln.edu.hk/econ/staff/plin/JES-us%20antitrust%20system.pdf
UR - http://www.scopus.com/inward/record.url?scp=0033939487&partnerID=8YFLogxK
U2 - 10.1111/1467-6419.00111
DO - 10.1111/1467-6419.00111
M3 - Journal Article (refereed)
SN - 0950-0804
VL - 14
SP - 255
EP - 306
JO - Journal of Economic Surveys
JF - Journal of Economic Surveys
IS - 3
ER -