The Chicago School
Document Type
Book Chapter
Publication Date
3-1-2013
Abstract
This chapter considers the Chicago school of antitrust analysis. It provides the accounts of Edward Levi, Aaron Director, George Stigler, Robert Bork, and Richard Posner as representatives of the progression and divergence of ideas within the Chicago school. It analyzes the Chicago school's broad theoretical attack on interventionist antitrust thinking. It discusses the economic assumptions underlying antitrust treatment of specific competitive practices such as tying, vertical integration, and predatory pricing. It also examines the notion of antitrust policy becoming increasingly the province of specialized bureaucrats, lawyers, and economists working on discrete and technical economic and policy problems.
Keywords
Chicago School, antitrust analysis, Edward Levi, Aaron Director, George Stigler, Robert Bork, Richard Posner, tying, vertical integration, Predatory Pricing
Publication Title
The Making of Competition Policy: Legal and Economic Sources
Repository Citation
Hovenkamp, Herbert, "The Chicago School" (2013). Book Chapters. 62.
https://scholarship.law.upenn.edu/faculty_chapters/62
https://doi.org/10.1093/acprof:osobl/9780199782796.003.0011
DOI
https://doi.org/10.1093/acprof:osobl/9780199782796.003.0011