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ANTITRUST – WHAT ROLE FOR STRATEGIC MANAGEMENT EXPERTISE?
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The purpose of antitrust law is to promote competition and protect
consumers from anticompetitive business practices. Enforcing antitrust rules
thus requires an understanding of what constitutes an anticompetitive business
practice; an understanding influenced by both legal precedent and broader
knowledge of markets, companies, and competition. This Essay traces the
influence of two academic fields – economics and strategic management – on
antitrust law. Both fields are natural candidates to influence courts,
government competition authorities, and legal scholars, but, as we will
document, strategic management appears to have had little influence to date.We begin with a brief description of strategic management and the field’s
most important ideas in Part I. We then compare these ideas to work done in
economics (Part II) and ask what strategic management might contribute to our
thinking about antitrust issues (Part III). In Part IV, we present evidence on
the influence of both economics and strategy on court decisions and legal scholarly writing.
We conclude in Part V with some conjectures on why
strategy has had only limited influence in matters of antitrust
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ANTITRUST – WHAT ROLE FOR STRATEGIC MANAGEMENT EXPERTISE?
Management
English
1-26
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