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An evaluation of the economic basis for antitrust policy in the food industry

An evaluation of the economic basis for antitrust policy in the food industry

American journal of agricultural economics: 58(5) 867-873

The goals and rationale of antitrust are only partially revealed by the language of antitrust laws. although these laws emphasize economic criteria (e.g., to substantially lessen competition), the history of their enactment and enforcement reveals the strong influence of political and social goals as well as evolving legal and economic theories. dewey may be right in contending that antitrust policy in this country has been aimed most consistently at limiting the power and growth of big business in order to encourage a more equitable distribution of power in society. this paper concentrates on the economic underpinning of U.S. antitrust laws. we recognize, however, that economic concepts and evidence are not alone in providing the basis for antitrust policy and that a restricted treatment ignores important noneconomic goals and concepts.

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Accession: 000288879

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DOI: 10.2307/1239985

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