Dear Readers,
Market definition is perhaps the most important part of any antitrust analysis. It is the necessary starting point in all merger reviews and abuse of dominance cases. Yet its role is increasingly questioned. This CPI Antitrust Chronicle takes a clear-eyed look at those questions.
Herbert Hovenkamp opens with a critical stance, challenging the enduring reliance on outdated precedent like Brown Shoe. He argues that many of its factors confuse substitutes with complements and risk de
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