Antitrust policy for the 2020s: Some sensible ways forward

White, Lawrence J.

doi:10.1002/aepp.13313

Cited by 5 publications

(3 citation statements)

References 33 publications

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“…The main economic principles that have historically guided antitrust policy are the “rule of reason” and the contestability of markets, not the size of the firms (White, 2021). The “rule of reason” implies that market concentration violates antitrust laws only when it constitutes an unreasonable restriction of trade.…”

Section: Economic Contextmentioning

confidence: 99%

Should we use antitrust policies on big agriculture?

Watson

Winfree

2021

Applied Eco Perspectives Pol

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This paper discusses the benefits and costs of antitrust intervention in agriculture. We argue that over the long run, fixed costs have increased and marginal costs have decreased, which has created a tension between lower food prices and having a large number of farms. As opposed to policies of most industries, agricultural policy seems to place more importance upon producer surplus instead of consumer surplus, which runs directly counter to the goals of antitrust laws. While protecting small farms may potentially be an appropriate use of other policy instruments (such as the Farm Bill), using antitrust laws to break up large agricultural firms and/or protect small farms may result in higher food prices, which is regressive and exacerbates inequality.Furthermore, the application of antitrust law for the purpose of raising food prices and producer surplus is antithetical to its historic purpose.

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Section: Economic Contextmentioning

confidence: 99%

Should we use antitrust policies on big agriculture?

Watson

Winfree

2021

Applied Eco Perspectives Pol

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“…The main purpose of the general norms of antimonopoly legislation in the area under study is to promote the development of agriculture (Nikitchenko, 2022). In turn, influencing the development of the agricultural market, antimonopoly regulation is an essential factor in ensuring stable economic growth (Nie, 2018) and food security (Okhrimenko, 2019), competitiveness of the economy (White, 2022) of any state.…”

Section: Introductionmentioning

confidence: 99%

Current issues of antimonopoly policy in the market of agricultural products of Ukraine

Kanaryk,

Surzhok

2023

Law. Human. Environment

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This study investigated the prospects for the development of antimonopoly policy concerning the regulation of the market of agricultural products. The relevance of this study is determined by the need to update the legal framework of Ukraine on antimonopoly regulation of agricultural product markets, considering the current challenges and international standards. The purpose of this study was to analyse the features of antimonopoly policy as a leading area of the economic policy of Ukraine, to analyse the features of antimonopoly policy in the field of agricultural product markets and to identify the prospects for their development. To fulfil the purpose, the following scientific methods were used: dialectic, analysis, formal-legal, comparative-legal. The result of the conducted study was the determination of the following measures to improve the antimonopoly regulation of agricultural product markets in Ukraine: to adopt the Draft Law of Ukraine “On the Association of Agricultural Producers” No. 8149, after finalizing it; to supplement the current legislation of Ukraine in the field of antimonopoly policy concerning the regulation of the market of agricultural products with a norm according to which the most vulnerable category of agricultural producers (small producers) will be able to unite to solve problems related to the full-scale invasion of the Russian Federation on the territory of Ukraine and response to wartime challenges; in the development of the project of such changes regarding the regulation of the relevant monopoly exceptions, to consider the available international practices. The practical significance of the present study is that the results can be used to develop draft laws on the antimonopoly regulation of agricultural product markets in Ukraine, as well as to prepare studies on the legal regulation of the antimonopoly policy of Ukraine.

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“…A recent article, by Lawrence J. White, an academic economist with extensive experience in competition policy, addresses the broader controversies and their application to agribusiness (White, 2022). Agribusiness concentration had been in the news following mergers among major global seed and agricultural chemical firms-Dow Chemical with DuPont and ChemChina with Syngenta in 2017, and Bayer with Monsanto in 2018.…”

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confidence: 99%

Concentration and competition in U.S. agribusiness

MacDonald¹,

Dong²,

Fuglie³

2023

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This report details issues surrounding market concentration in agribusiness, particularly in three agribusiness sectors where concentration has increased over time: seeds, meatpacking, and food retail. Market concentration and its impact on competition have attracted growing public scrutiny. Critics argue that many industries have grown too concentrated, with fewer firms competing with one another and a consequent weakening of competition. The report covers the consolidation in each of these industries, explains the driving forces behind increased concentration, and examines public policies aimed at encouraging competition, focusing on the implementation of merger policy.

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Antitrust policy for the 2020s: Some sensible ways forward

Cited by 5 publications

References 33 publications

Should we use antitrust policies on big agriculture?

Should we use antitrust policies on big agriculture?

Current issues of antimonopoly policy in the market of agricultural products of Ukraine

Concentration and competition in U.S. agribusiness

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