President Biden’s Antitrust Counterrevolution: Implications for Business

Yusaf H. Akbar

doi:10.54648/woco2021026

President Biden’s Antitrust Counterrevolution: Implications for Business

Yusaf H. Akbar^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract (may include machine translation)

The proposed changes to the way the United States handle antitrust policy enshrined in the July 2021 Executive Order (EO) issued by President Biden implies significant financial and strategic implications for corporates and their executives not seen since the 1980s. Changes to merger control policy, actions against price agreements as well measures to raise wage growth are all part of the EO and will likely be a legacy of the Biden Presidency for years to come. Among the more than seventy policy changes initiated by the EO, this article evaluates the probability of policy implementation of these policy initiatives and provides a series of options as to how companies could respond.

Original language	English
Pages (from-to)	487-506
Number of pages	20
Journal	World Competition
Volume	44
Issue number	4
DOIs	https://doi.org/10.54648/woco2021026
State	Published - Dec 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Antitrust
Corporate political activity
Non-market strategy
Public policy
Strategic posture

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10.54648/woco2021026

Cite this

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title = "President Biden{\textquoteright}s Antitrust Counterrevolution: Implications for Business",

abstract = "The proposed changes to the way the United States handle antitrust policy enshrined in the July 2021 Executive Order (EO) issued by President Biden implies significant financial and strategic implications for corporates and their executives not seen since the 1980s. Changes to merger control policy, actions against price agreements as well measures to raise wage growth are all part of the EO and will likely be a legacy of the Biden Presidency for years to come. Among the more than seventy policy changes initiated by the EO, this article evaluates the probability of policy implementation of these policy initiatives and provides a series of options as to how companies could respond.",

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KW - Corporate political activity

KW - Non-market strategy

KW - Public policy

KW - Strategic posture

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President Biden’s Antitrust Counterrevolution: Implications for Business

Abstract (may include machine translation)

UN SDGs

Keywords

Access to Document

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