By: Joseph Farrell (Network Law Review)
Competition policy is founded on a basic principle: in competitive markets, better deals attract more business, which creates a safeguard against the incompetence or greed of any one player. This incentivizes businesses to operate efficiently, price competitively, and innovate to stay ahead.
Despite this simplicity, antitrust law can be complex. Is this complexity necessary, or should we strive for a more straightforward approach to the core principle? In this discussion, we will consider some simplified analyses to better understand these profound questions. While relying on more evidence and nuanced analysis has its clear benefits, we should also explore the potential advantages of a more streamlined approach…
