By Richard A. Epstein
Epstein observes how transformations in antitrust philosophy can form the categories of entire settlements that the govt will search and the courts will furnish. Epstein takes factor with competitive antitrust enforcement concepts that search to take advantage of govt energy to essentially regulate constructions or the company practices of regulated agencies, in a few situations resulting in their breakup. to give an explanation for the perils of that procedure, Epstein conscientiously examines the background of consent decree litigation, culminating in designated experiences of the AT&T breakup and the govt. antitrust activities opposed to Microsoft.
Applying glossy theories of antitrust research, Epstein's vital thesis is that daring antitrust treatments that aren't tightly tied to a defensible idea of wrongful behavior usually turn out counterproductive. Such measures in general strength companies to undertake company practices and structural reorganizations that considerably hamper their skill to compete successfully available to buy. The disparate fates of AT&T and Microsoft are the results of a massive and fruitful shift in considering the use and boundaries at the antitrust legislation in a wide selection of commercial contexts.
Antitrust Consent Decrees in thought and Practice may be of curiosity to any reader who's excited about the bigger implications of the govt law of legislation and company. Epstein brings approximately 40 years of non-public wisdom and event to this topic. Written in a transparent and nontechnical variety, this e-book may still end up a useful source to any scholar of law and financial coverage, in addition to legal professionals and policymakers all in favour of antitrust litigation.
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Antitrust Consent Decrees in Theory and Practice: Why Less Is More by Richard A. Epstein