We must improve bailout and antitrust policies to minimize the potential for undesirable outcomes driven by political considerations.

If net neutrality proponents prevail, it is less likely that companies that operate most of the Internet will have sufficient economic incentives to build needed new capacity.

By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

On these quite intensive days for Government and the Parliament we deem it relevant and appropriate to reflect upon the issue of competition. This word has been frequently abused and idolized as the goal of any market process instead of being considered an instrument, a process regulated for the benefit...

The antitrust consent decree is a major weapon used by the federal government to enforce antitrust laws. In the past, consent decrees have been wielded aggressively to dissolve major corporations and to change the business practices of entire industries. In his new book Antitrust Consent Decrees in Theory and Practice...

This book is the first systematic study of the use and effectiveness of the antitrust consent decree in the federal enforcement of antitrust laws.

Antitrust has focused heavily on issues of "vertical restraints"—everything from, for example, giving distributors exclusive sales territories to tying access of one product to the purchase of another. A few decades ago, legal opinion almost uniformly viewed these vertical restraints as anticompetitive. Today, however, both the courts and...

Seemingly arcane questions of jurisdiction have emerged as a massive problem in antitrust law. After settling with U.S. state and federal authorities over antitrust allegations, Microsoft was again the target on March 24 when the European Commission fined the company $613 million for monopolistic practices. Just a month later, in...