Jonathan B. Baker Steven C. Salop

Antitrust, Competition Policy, and Inequality

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Abstract

Over the last few years, economic inequality has become a particularly significant issue, also due to the effects produced by the economic crisis. The article examines how public concerns about the growing inequality might spark proposals to modify antitrust and competition policy. In this perspective, it describes the channels through which market power contributes to inequality and sets forth a wide range of possible antitrust policy adjustments that might be considered in response to that market power or, more generally, to the inequality problem.

Keywords

  • Economic Crisis
  • Economic Inequality
  • Income Distribution
  • Antitrust Law
  • Competition Policy
  • Market Power

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