New conduct is not necessarily anticompetitive conduct, and if our antitrust regulation does not accept this, we all lose.
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That dominance may not be what competitors want, but freedom for successful innovators to compete is far better than antitrust regulation for the future of our innovation economy.
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He also thinks that the proposed deal would pass through antitrust regulation, given the airlines' small size as well as the fact that their routes do not overlap.
The market-based approach to antitrust regulation, popularised by Aaron Director of the University of Chicago, holds that antitrust violations must be ripping someone off, whether a customer or a supplier.
The European Commission can dole out multibillion dollar fines to Microsoft and Intel because it centralizes antitrust regulation, but it leaves data protection and privacy regulation to EU member states.
Havighurst has taught courses in health care law and policy, antitrust law and economic regulation at the Duke University School of Law since 1964.
While structural issues such as regulation, sovereign finance, antitrust or citizenship restrictions on investment have various effects on the airline industry's finances, neither the private nor public sector has advanced a comprehensive analytically-based framework to optimise industry economics.
Regulation covers a broad range of government interventions (prohibition, antitrust, product specifications, transparency, use of particular institutional markets, and on and on), but in each case, it affects commerce that arises from willing and able buyers and sellers.
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