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antitrust (L4)<br />US policy to prevent monopolistic practices in interstate commerce. It started with the Sherman Act 1890; the states have similar legislation applicable to production industries. Although national competitiOn policies are common in OECD countries, few are as tough, with criminal sanctions, as the US antitrust legislation administered by the Department of Justice and the Federal Trade Commission. The chief federal antitrust statutes are: SHERMAN ACT 1890; CLAYfON ACT 1914; FEDERAL TRADE COMMISSION ACT 1914; ROBINSON PATMAN ACT 1936 and CELLER KEFAUVER ANTIMERGER ACT 1950.<br /> <br /><em>Reference</em><br />Blair, R.D. and Kaserman, D.L. (1985) Antitrust Economics, Homewood, IL: Richard D. Irwin.<br /> Kwoka, J.E. and White, L.J. (eds) (1999)<br />The antitrust revolution. Economics, competition and policy, 3rd edn, New York and Oxford: Oxford University Press.<br /> Neale, A.D. and Goyder, D.G. (1980) The Antitrust Laws of the USA, 3rd edn, Cambridge: Cambridge University Press.<br /> Shepherd, WG. (2000) 'In perspective: the role of economics at the Antitrust Division since 1974', Review of Industrial Organization 16: 107-11.<br /> Viscusi, WK., Vernon, J.M. and Harrington, J.E. (1995) Economics of regulation and antitrust, 2nd edn, Cambridge, MA, and London: MIT Press.
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correlation (C1)<br />The extent of interdependence between two variables. Unlike regression, this calculation is not used to predict the value of one variable from the other.<br /><em>See also:</em> autocorrelation; coefficient of correlation; Durbin-Watson statistic; multiple correlation; non-linear correlation; rank correlation; Spearman's rank correlation formula
<strong>Fiscal Year (FY)</strong> – An annual budgetary period. A fiscal year may be defined as a calendar year or other period, such as a State Fiscal Year (July 1-June 30) or Federal Fiscal Year (October 1 - September 30).
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