The course will follow on from the Competitive Strategy elective into more advanced economics, legal, and policy topics. We will analyze and discuss how the antitrust laws, as applied and interpreted by agencies and courts, place limits on firm behavior. We will study economic theories underlying antitrust enforcement and consider whether legal rules restricting competitive behavior make economic sense and how they affect managerial choices. We will discuss the evidence and reasoning advanced in key antitrust cases and consider how case outcomes may affect social welfare and firm strategies. The course will cover the goals and procedures of the US and EU antitrust agencies.
[Also MGT 589a]