{"title":"The antitrust victims of monopsony","authors":"","doi":"10.1093/jaenfo/jnad008","DOIUrl":null,"url":null,"abstract":"\n The exercise of unlawful monopsony power by buyer cartels depresses both the price paid and the quantity purchased. Consequently, producer surplus and social welfare decline from competitive levels. There are six classes of antitrust victims, but only one has standing to sue for antitrust damages in the United States. The other five are neglected. We identify the neglected victims in this article. We also suggest some ways to expand the protection offered by section 4 of the Clayton Act.","PeriodicalId":42471,"journal":{"name":"Journal of Antitrust Enforcement","volume":" ","pages":""},"PeriodicalIF":0.6000,"publicationDate":"2023-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Antitrust Enforcement","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/jaenfo/jnad008","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"LAW","Score":null,"Total":0}
引用次数: 0
Abstract
The exercise of unlawful monopsony power by buyer cartels depresses both the price paid and the quantity purchased. Consequently, producer surplus and social welfare decline from competitive levels. There are six classes of antitrust victims, but only one has standing to sue for antitrust damages in the United States. The other five are neglected. We identify the neglected victims in this article. We also suggest some ways to expand the protection offered by section 4 of the Clayton Act.
期刊介绍:
The journal covers a wide range of enforcement related topics, including: public and private competition law enforcement, cooperation between competition agencies, the promotion of worldwide competition law enforcement, optimal design of enforcement policies, performance measurement, empirical analysis of enforcement policies, combination of functions in the competition agency mandate, and competition agency governance. Other topics include the role of the judiciary in competition enforcement, leniency, cartel prosecution, effective merger enforcement, competition enforcement and human rights, and the regulation of sectors.