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Focusing on the inefficiencies overlooked by traditional anti-trust analysis, this work introduces a 'distortion-analysis' approach. It effectively applies second-best theory to evaluate the economic efficiency of business practices regulated by anti-trust law, offering a fresh perspective on the complexities of market behavior and regulation.
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Economics and the Interpretation and Application of U.S. and E.U. Antitrust Law, Richard S. Markovits
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- 2016
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