Breaking Up Bell – Book on Antitrust Economics.
This book explores the implications of the U.S. Supreme Court’s seminal decision on the Antitrust Economics of platform markets.
It written by two economists, David S. Evans and Richard Schmalensee, whose work on platform economics and payment systems was relied on extensively by the Court.
Breaking Up Bell: Essays on Industrial Organization and Regulation
The litigation that led to the breakup of the Bell System raised numerous economic issues, from whether the Bell System was a natural monopoly, that could not and should not have competition, to the competitive consequences of interconnection restrictions on local telephone exchange bottlenecks.
The authors of these essays addressed these issues as experts retained by the U.S. Department of Justice in its successful effort to prosecute AT&T for violating the antitrust laws.
Their work led to advancements in empirical and theoretical industrial organization including the now classic test for assessing whether a firm is a natural monopoly.
Keywords : U.S. vs. AT&T, breakup the Bell System, economics and the AT&T case, natural monopoly, scale economies in telecommunications, creamskimming, economics of telecommunications, economics of interconnection restrictions, economics of bottlenecks
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