In the current antitrust hysteria, American Airlines is being “accused” by the Justice Department of cutting fares and increasing service to consumers, and thereby outcompeting smaller airlines.
Why this is an accusation as versus a simple description of the competitive process is explained in Dominick Armentano’s outstanding new book: Antitrust: The Case for Repeal. It is now available for on-line orders from Mises.org. Another option is to purchase it from Amazon.com
This newly revised 2nd edition deals with the Microsoft, Toys `R’ Us, and many other recent cases, and explains the absurdities inherent in these government complaints of “predatory pricing.” His recommendation: abolish all antitrust regulation.
Also read an interview with Professor Armentano in the Austrian Economics Newsletter.
