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Beyond the pale of the Sherman and Clayton Acts: the Federal Trade Commission's "invitation to collude" doctrine as a deterrent to violations of the antitrust laws.
September 22, 1994... I. Introduction
The Federal Trade Commission (FTC or Commission) recently has issued three consent decrees(1) alleging invitations to engage in price-fixing, or "invitations to collude," by companies to their competitors. The Commission...
Antitrust's "state action" doctrine and the policy of the commerce clause.
September 22, 1994... The language quoted above is from the first Sherman Act(1) case to reach the United States Supreme Court, an action challenging the acquisition of four Pennsylvania sugar refiners through which defendant obtained control over virtually all...
Antitrust, rent-seeking, and regulation: the past and future of Otter Tail.
September 22, 1994... I. Introduction
Prior to 1973 regulation and antitrust evolved largely along independent paths. That policy equilibrium was changed by the Supreme Court's decision in Otter Tail Power Co. v. United States.(1) Faced with a clear refusal...
An analysis of telephone company entry into unregulated markets: the electronic security case.
September 22, 1994... I. Introduction
Since 1984 we have had a district court judge making public policy with regard to the entry of the Regional Bell Operating Companies (RBOCs) into information-based service industries. For the most part, the debate about...
Can economists agree, or are some more agreeable than others?
September 22, 1994... I. Introduction
Economics involves the analysis of how choices are made between competing alternatives. While the basic economic logic behind such choices is widely agreed, economists are noted, and often berated, for their frequent...
The administration of Canadian merger policy, 1986-1989.
September 22, 1994... I. Introduction
In 1986 the government of Canada passed into law its new competition policy. The Competition Act replaced the Combines Investigation Act, the shortcomings of which have been widely documented.(1) Probably the most...
Privatization and antitrust in Eastern Europe: the importance of entry.
September 22, 1994... As the countries of Eastern Europe move toward market-oriented economic systems, fostering competition is of utmost importance if the goals of improving efficiency and controlling inflation are to be achieved. Privatization is expected to play...