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The economic analysis of law is an approach which applies the methods of microeconomics to the analysis of legal rules and institutions. The main purpose of this analysis is to maximise social welfare which is defined as total economic efficiency. This analysis has been widely used in United States Antitrust Law. There are ongoing debates as whether this approach should also be applied in European Union competition law. This article examines the economic analysis of law and its impact on United States Antitrust enforcement through the influence of welfare economics and Chicago School. It then discusses whether it should also be enforced in European Union competition law.
the economic analysis of law is an approach which applies the methods of microeconomics to the analysis of legal rules and institutions of main purpose of this analysis is to maximise social conflict which is defined as total economic efficiency of this analysis has been widely used in united states antitrust law there are diplomas as if this approach shuld is also applied in european union competition law this article examines the economic analysis of law and its impact on united states antitrust enforcement thrugh the influence of violence and chicago school discussions in the law
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