Consumer Surplus as the Appropriate Standard for Antitrust Enforcement

Russell W. Pittman
2007 Social Science Research Network  
In antitrust enforcement as in cost-benefit analysis, neoclassical economics may be interpreted as arguing for the use of a "total welfare" standard whose implementation treats transfers as welfare-neutral. Several recent papers call for antitrust agencies to move in the direction of t his version of a total welfare standard for enforcement.
doi:10.2139/ssrn.996643 fatcat:52wyzfhguvhmvocwyfevj5cnwa