The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Market dominance - encompassing single firm dominance, overt and tacit collusion, mergers and vertical restraints - raises many complex analytical and policy issues, all of which continue to be the subject of theoretical research and policy reform. This second edition of a popular and comprehensive text extends the arguments and combines an analysis of the issues with a discussion of actual policy and case studies. This new edition addresses the recent fundamental changes in antitrust law, especially in the UK and the EU, and reviews some high profile and controversial cases such as the Boeing-McDonnell Douglas merger and the Microsoft monopoly. The author moves on to deal with several unresolved questions including the conflicts between trade and antitrust policy, the foreign take-over of domestic assets and extra-territorial claims made by certain countries.

This article introduces and analyzes critical economic and public policy issues pertaining to antitrust, which are either not raised or not analyzed fully in current academic and practitioner literature. More specifically, the article introduces new models for detecting antitrust violations in all industries - these models incorporate many decision elements hitherto omitted in existing models. While its generally accepted in the existing literature that the primary purpose of US antitrust laws is deterrence, the ineffectiveness of these laws as manifested in the case of Encompass Services Inc.