Industry-Level Disparities in Antitrust Enforcement
Purpose- The purpose of this study is to analyze whether an increase in the concentration of industry causes an increase in the level of the Department of Justice Antitrust Division (DoJ)’s antitrust enforcement within that industry.
Design/Methodology- The study employed secondary data and quantitative research method was also utilized to achieve the objectives of the study. Multiple regression analysis techniques were used to analyze the data.
Findings- The results support the hypothesis that an increase in the concentration of industry causes an increase in the level of Department of Justice Antitrust Division (DoJ)’s antitrust enforcement within that industry. It appears that industry-level revenue from exports is highly correlated with the size of that industry and its lobbying activity.
Practical Implications- These results have practical relevance which helps to predict the intensity of antitrust activity in future years. Its practical implication is that there are disparities in antitrust enforcement that are influenced by factors other than concentration. By creating a benchmark that takes into account components such as this, the Department of Justice Antitrust Division (DoJ) can identify those companies who are likely to be engaging in anticompetitive behavior.
Armstrong, M., & Sappington, D. E. (2007). Handbook of Industrial Organizationchap. Recent Developments in the Theory of Regulation, 1557-1700.
Baker, D. I. (1992). Antitrust and Politics at the Justice Department. JL & Pol., 9, 291.
Baker, J. B. (2003). The case for antitrust enforcement. Journal of Economic Perspectives, 17(4), 27-50. DOI: https://doi.org/10.1257/089533003772034880
Bork, R. H. (1967). The goals of antitrust policy. The American Economic Review, 57(2), 242-253.
Bryman, A. (1984). The debate about quantitative and qualitative research: a question of method or epistemology? British Journal of Sociology, 75-92. DOI: https://doi.org/10.2307/590553
Bureau, U. S. C. (2017). Census Data. Retrieved 25 August 2019, from https://www.census.gov/data.html
Carr, L. T. (1994). The strengths and weaknesses of quantitative and qualitative research: what method for nursing? Journal of advanced nursing, 20(4), 716-721. DOI: https://doi.org/10.1046/j.1365-2648.1994.20040716.x
DeFries, J. C., & Fulker, D. W. (1985). Multiple regression analysis of twin data. Behavior Genetics, 15(5), 467-473. DOI: https://doi.org/10.1007/BF01066239
Fidrmuc, J. P., Roosenboom, P., & Zhang, E. Q. (2018). Antitrust merger review costs and acquirer lobbying. Journal of Corporate Finance, 51, 72-97. DOI: https://doi.org/10.1016/j.jcorpfin.2018.05.001
Goyder, D. (1980). The Antitrust Laws of the United States of America: A Study of Competition Enforced by Law: Cambridge [Eng.]; New York: Cambridge University Press.
Hox, J. J., & Boeije, H. R. (2005). Data collection, primary versus secondary. DOI: https://doi.org/10.1016/B0-12-369398-5/00041-4
Kauper, T. E. (1990). The Justice Department and the Antitrust Laws: Law Enforcer or Regulator? The Antitrust Bulletin, 35(1), 83-122. DOI: https://doi.org/10.1177/0003603X9003500105
Kovacic, W. E., & Shapiro, C. (2000). Antitrust policy: A century of economic and legal thinking. Journal of Economic Perspectives, 14(1), 43-60. DOI: https://doi.org/10.1257/jep.14.1.43
Mehta, M. N., Srinivasan, S., & Zhao, W. (2017). Political influence and merger antitrust reviews. Available at SSRN 2945020. DOI: https://doi.org/10.2139/ssrn.2945020
NAICS. (2015). 2017-2022 SIC to NAICS Crosswalk. Retrieved 25 August 2019, from https://www.naics.com/wp-content/uploads/2014/10/SIC-to-NAICS-Crosswalk.pdf?.
Newman, I., Benz, C. R., & Ridenour, C. S. (1998). Qualitative-quantitative research methodology: Exploring the interactive continuum: SIU Press.
Pitofsky, R., Patterson, D., & Hooks, J. (2002). The essential facilities doctrine under us antitrust law. Antitrust LJ, 70, 443.
Rahl, J. A. (1974). Foreign Commerce Jurisdiction of the American Antitrust Laws. Antitrust Law Journal, 43(3), 521-529.
Rowley, C. K. (2005). An intellectual history of law and economics: 1739-2003. 2005), The Origins of Law and Economics. Essays by the Founding Fathers, Cheltenham u. a.(Edward Elgar), 3-32.
Rubinfeld, D. L. (2015). Antitrust Policy: Lessons from the US. DOI: https://doi.org/10.1016/B978-0-08-097086-8.71010-5
Schwartz, L. B. (1978). Justice and other non-economic goals of antitrust. U. Pa. L. Rev., 127, 1076.
Szabo, V., & Strang, V. R. (1997). Secondary analysis of qualitative data. Advances in nursing science, 20(2), 66-74. DOI: https://doi.org/10.1097/00012272-199712000-00008
Vogel, K. P. (2017). Google Critic Ousted From Think Tank Funded by the Tech Giant. Retrieved 25, August 2019, from https://www.nytimes.com/2017/08/30/us/politics/eric-schmidt-google-new-america.html
White-House. (2006). Elections & Voting. Retrieved 25 August 2019, from https://www.whitehouse.gov/about-the-white-house/elections-voting/
Willig, R. D. (1991). Antitrust Lessons from the Airline Industry: The DOJ Experience. Antitrust LJ, 60, 695.
Wood, B. D., & Anderson, J. E. (1993). The politics of US antitrust regulation. American Journal of Political Science, 1-39. DOI: https://doi.org/10.2307/2111522
Wood, D. P. (2004). The US Antitrust Laws in a Global Context. Colum. Bus. L. Rev., 265.
Copyright (c) 2019 Md. Mominul Islam, Imrul Hossain Chowdhury, Sabrina Islam
This work is licensed under a Creative Commons Attribution 4.0 International License.