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The Antitrust Revolution

Economics, Competition, and Policy

Seventh edition

John E. Kwoka, Jr. and Lawrence J. White

Publication Date - July 2018

ISBN: 9780190668839

560 pages
6-1/8 x 9-1/4 inches

In Stock

Examines the critical role of economic analysis in recent antitrust case decisions and policy


Fully updated to reflect important developments in antitrust economics, The Antitrust Revolution, Seventh Edition, examines the critical role of economic analysis in recent antitrust case decisions and policy. The case studies--more than three-quarters of which are entirely new--are written by prominent economists who participated in the proceedings of that case. New and revised appendices support a number of the case studies and help students with the analysis of those cases.

New to this Edition

  • Fully updated to reflect important developments in antitrust economics
  • Seventeen completely new cases with a number of new appendices to help students with analysis
  • Seven significantly revised cases


  • All cases from previous editions available with this text in custom formats
  • Now available in both paperback and eBook formats

About the Author(s)

John E. Kwoka is Neal F. Finnegan Distinguished Professor of Economics at Northeastern University. He is the author or editor of three books and more than 75 articles in the areas of industrial economics, antitrust, and regulation. His book Mergers, Merger Control, and Remedies: A Retrospective Analysis of U.S. Policy was published by MIT Press in 2015. Professor Kwoka is presently a Research Fellow of the American Antitrust lnstitute and is on the boards of Industrial Organization Society and the Review of Industrial Organization. He has also served at the Federal Trade Commission, the Antitrust Division of the Justice Department, and the Federal Communications Commission.

Lawrence J. White is Robert Kavesh Professor of Economics at the Stern School of Business, New York University, where he has taught for over 40 years. His primary areas of research interest include financial regulation, antitrust, network industries, international banking, and applied microeconomics. He is the author of several books, including The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation (OUP, 1991), Reducing the Barriers to International Trade in Accounting Services (2001), and U.S. Public Policy toward Network Industries (1999).

Previous Publication Date(s)

July 2013
July 2008
July 2003


"IThe Antitrust Revolution provides detailed real-life examples of how industrial economics theory and econometric tools can impact policy and consumer welfare. The examples are relevant and fun for students to read."--Emily Wang, University of Massachusetts Amherst

"This book includes the fundamentals but presents them in a way that is interesting and appealing to students. It allows faculty to teach an antitrust class at different levels and has a real-world perspective that most economics textbooks lack."--Sarah Cosgrove, University of Massachusetts Dartmouth

"A great book. It demonstrates the effect that economic analysis can have on real-world events and outlines how economic analysis has influenced and improved antitrust policy over the past fifty years. It's excellent for economics majors to see how their field has influenced the world they live in for the better."--Christopher Klein, Middle Tennessee State University

Table of Contents

    PART I. Horizontal Structure

    The Economic and Legal Context

    1. The Aetna-Humana Proposed Merger (2017)
    Denrick Bayot
    Kostis Hatzitaskos
    Brad T. Howells
    Aviv Nevo

    2. Electrolux's Attempted Acquisition of GE's Appliance Business: U.S. v. AB Electrolux and General Electric (2015)
    T. Scott Thompson
    Michael D. Whinston

    3. Hospital-Physician Integration: The St. Luke's Case (2013)
    Tasneem Chipty
    Deborah Haas-Wilson

    4. Hertz-Dollar Thrifty: Fixing a Merger to Avoid Litigation (2012)
    Michael J. Doane
    Luke M. Froeb
    Gregory J. Werden
    David M. Zimmer

    5. Merger in the Pharmacy Benefit Management Industry: The Express Scripts Acquisition of Medco (2012)
    Francine Lafontaine
    Christopher J. Metcalf
    David R. Schmidt
    Brett W. Wendling

    6. The Proposed Merger of AT&T and T-Mobile: Rethinking Possible (2011)
    Patrick DeGraba
    Gregory L. Rosston

    7. Under the Radar: The Dean Foods-Foremost Farms Consummated Merger (2010)
    Michael R. Baye
    Graeme Hunter
    Emily Walden

    8. Rockonomics: The Ticketmaster-Live Nation Merger and the Rock Concert Business (2010)
    John E. Kwoka, Jr.

    9. Prices, Market Definition, and the Effects of Merger:Staples, Office Depot, and Office Max (1997, 2015, 2016)
    Serdar Dalkir
    Frederick R. Warren-Boulton

    PART II. Horizontal Practices

    The Economic and Legal Context

    10. A Tussle over Royalties: Pandora v. ASCAP, Pandora v. BMI, and the DOJ's Consent Decree Review (2016)
    Leslie M. Marx
    Keith Waehrer

    11. Agreeing to Exclude: The North Carolina State Board of Dental Examiners (2015)
    John E. Kwoka, Jr.

    12. Collusion in College Sports: Edward C. O'Bannon, et al. v. NCAA, et al. (2015)
    Roger G. Noll

    13. Licensing Standard-Essential Patents: Microsoft v. Motorola (2015)
    Howard H. Chang
    Richard Schmalensee

    14. The LCD Conspiracy: The Sherman Act, Beyond a Reasonable Doubt, and Issues of Extraterritoriality (2014)
    Keith B. Leffler
    Cristian J. Santesteban

    15. Pharmaceutical Patents and Pay-for-Delay: Actavis (2013)
    Joseph Farrell
    Mark Chicu

    16. Predatory Pricing in the Airline Industry: Spirit Airlines v. Northwest Airlines (2005)
    Kenneth G. Elzinga
    David E. Mills

    PART III. Vertical, Network, and Related Market Issues

    The Economic and Legal Context

    17. Retail Auto Sales: Tesla v. State Vehicle Franchise Laws (2017)
    Fiona Scott Morton
    Ann McDermott

    18. Economic Theories of Harm Raised by the Proposed Comcast/TWC Transaction (2015)
    William P. Rogerson

    19. End of an Era: The American Airlines-US Airways Merger (2014)
    G. Steven Olley
    Robert Town

    20. Cartel Ringmaster or Competition Creator? The Ebooks Case against Apple (2013)
    Jonathan B. Baker

    21. U.S. Federal Trade Commission Investigation of Google Search (2013)
    Richard J. Gilbert

    22. Maintenance of Monopoly: U.S. v. Microsoft (2001)
    Daniel L. Rubinfeld