On the merits of antitrust liability in regulated industries

Authors

Arup Bose, Indian Statistical Institute, Kolkata
Debashis Pal, University of Cincinnati
David E.M. Sappington, University of Florida

Article Type

Research Article

Publication Title

Journal of Law and Economics

Abstract

We examine the merits of subjecting an incumbent supplier of regulated services to antitrust review. We show that antitrust review can harm consumers even when the review entails no direct costs of implementation. The harm to consumers arises in part because imperfect antitrust review can crowd out more effective regulatory oversight. More generally, antitrust review can usefully complement regulatory oversight but affects the nature of the optimal regulatory policy.

First Page

359

Last Page

392

DOI

10.1086/687042

Publication Date

5-1-2016

Recommended Citation

Bose, Arup; Pal, Debashis; and Sappington, David E.M., "On the merits of antitrust liability in regulated industries" (2016). Journal Articles. 4355.
https://digitalcommons.isical.ac.in/journal-articles/4355