China's Anti-Monopoly Law: What is the Welfare Standard?

China's Anti-Monopoly Law (AML) sets forth the country's antitrust enforcement policies. We investigate the welfare standard that the AML seeks to maximize by examining both its stated language and, via revealed preference, the antitrust actions taken by the Anti-Monopoly Enforcement Autho...

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Veröffentlicht in:	Review of industrial organization 2012-08, Vol.41 (1/2), p.31-52
Hauptverfasser:	Shan, Pingping, Tan, Guofu, Wilkie, Simon J., Williams, Michael A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Antitrust Antitrust laws Authority China (People's Republic) Competition Consumer economics Consumer surplus Consumers Cost control Cost efficiency Economic competition Economics Economics and Finance Enforcement Industrial market Industrial Organization Industry Languages Law Market economies Market prices Microeconomics Monopolies Monopoly Producer surplus Public interest Regulatory agencies Studies Total surplus Welfare economics
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Beschreibung
Zusammenfassung:	China's Anti-Monopoly Law (AML) sets forth the country's antitrust enforcement policies. We investigate the welfare standard that the AML seeks to maximize by examining both its stated language and, via revealed preference, the antitrust actions taken by the Anti-Monopoly Enforcement Authority.
ISSN:	0889-938X 1573-7160
DOI:	10.1007/s11151-012-9349-5