Document Type

Article

Publication Date

1-17-2020

Abstract

This brief essay addresses the ambiguities in the meaning of “consumer welfare” in antitrust, exploring the differences between the Williamson, Bork, and current understanding of that term. After weighing the alternatives it argues that the consumer welfare principle in antitrust should seek out that state of affairs in which output is maximized, consistent with sustainable competition

Keywords

antitrust, consumer welfare, welfare tradeoff, williamson, bork, output

Publication Citation

Revue Concurrentialiste, Jan. 17, 2020

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