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52 Antitrust Bull. 53 (2007)
Aftermarket Monopolization: The Emerging Consensus in Economics

handle is hein.journals/antibull52 and id is 59 raw text is: THE ANTITRUST BULLETIN: Vol. 52, No. 1/Spring 2007 : 53 Aftermarket monopolization: the emerging consensus in economics By LORENZO CoPPI* The accepted economic definition of aftermarket is provided by Shapiro and Teece and entails two characteristics: (1) the aftermarket product or service is used together with a primary product, and (2) the aftermarket product or service is purchased after the primary product.1 There is a significant body of literature discussing the economics of aftermarket competition. Especially after Kodak2 the economic liter- ature has debated at length whether anticompetitive effects are likely to arise from the supplier of a primary good monopolizing the after- market for its product. The concern is that, having obtained or defended a monopoly in the aftermarket for its product, a supplier of a primary good would be able to charge a supracompetitive aftermar- * Vice President, CRA International, Washington, DC. Carl Shapiro & David J. Teece, Systems Competition and Aftermarkets: an Economic Analysis of Kodak, 39 ANTITRUST BULL. 135 (1994). 2 Eastman Kodak Co. v. Image Technical Servs., Inc., 504 U.S. 451 (1992). For economic commentaries of the case, see Carl Shapiro, Aftermarkets and Customer Welfare: Making Sense of Kodak, 63 ANTITRUST L.J. 483 (1995); Steven C. Salop, The First Principles Approach to Antitrust at the Millennium, 68 ANTITRUST L.J. 187 (2000); and Dennis W. Carlton, A General Analysis of Exclu- sionan Conduct and Refusal to Deal-Why Aspen and Kodak are Misguided, 68 ANTITRUST L.J. 659 (2001). © 2007 by Federal Legal Publications, Inc.

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