Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Antitrust: Results from the Laboratory

Antitrust: Results from the Laboratory

Penny Hill Press Inc
Federal Trade Commission

Paperback

Business GeneralGeneral Law

ISBN10: 1523424206
ISBN13: 9781523424207
Publisher: Createspace
Published: Jan 16 2016
Pages: 68
Weight: 0.40
Height: 0.14 Width: 8.50 Depth: 11.02
Language: English
Industrial organization issues that are relevant to antitrust have been studied in the laboratory for over three decades, and the results of this research offer useful insights for applied work in antitrust. Experimental methods provide a means for enhancing our understanding of markets. Those who advocate the relevance (or policy application) of a particular theory bear the burden of showing why the theory is appropriate. When a theory fails to predict well in a simple laboratory setting under conditions the theory itself suggests, it is difficult to believe that it would predict better in a more complex market in the naturally-occurring economy. This book summarizes how a market is created in the laboratory, discusses the applicability of laboratory methods (relative to traditional empirical/econometric methods) to various antitrust issues, and presents a brief survey of laboratory results that have implications for antitrust analysis.

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