Antitrust Bulletin articles from September 1997

Antitrust Bulletin archives from September 1997

Whose field of dreams: antitrust relief against restrictions on the sale or relocation of major league baseball teams.(Antitrust in the Sports Industry)
September 22, 1997... I. Baseball's exemption from the antitrust laws A. Introduction Major League Baseball is a $1.8 billion industry.(1) Players are extremely well compensated with an average annual salary of $1.2 million and a minimum salary of...

Antitrust and franchise relocation in professional sports: an economic analysis of the Raiders case.(Antitrust in the Sports Industry)
September 22, 1997... I. Introduction In 1984, the Ninth Circuit of the United States Court of Appeals upheld a lower court ruling, that the National Football League (NFL) violated federal antitrust laws when it prohibited the Oakland Raiders from moving to...

Brown v. Pro Football, Inc.: the labor exemption, antitrust standing and distributive outcomes.(Antitrust in the Sports Industry)
September 22, 1997... 1. Introduction Justice Breyer begins his reasoning in the majority opinion of Brown v. Pro Football(1) with the refreshing concession, "We do not see any obvious answer to this problem."(2) With that, he does not exactly punt, but he...

Brown v. Pro Football, Inc.: the Supreme Court gets it right for the wrong reasons.(Antitrust in the Sports Industry)
September 22, 1997... When the Supreme Court decided Brown v. Pro Football, Inc.(1) in June 1996,(2) it resolved an issue that had been at the heart of protracted and confusing antitrust litigation between professional sports leagues and their players' unions for over...

Why highly paid athletes deserve more antitrust protection than ordinary unionized workers.(Antitrust in the Sports Industry)
September 22, 1997... Our nation's broad consensus about how the American economy should function is expressed in large part through two sets of statutes enacted by Congress -- our antitrust and labor laws. The Sherman Act and its statutory progeny mandate a general...

Collusive monopsony in theory and practice: the NCAA. (National Collegiate Athletic Ass'n)(Antitrust in the Sports Industry)
September 22, 1997... I. Introduction "Monopsony" is the inelegant label attached to the structural condition in which there is a single buyer of a good or service.(1) In the United States, this market structure is no more common than structural monopoly,...

Monopoly, monopsony, and vertical collusion: antitrust policy and professional sports.(Antitrust in the Sports Industry)
September 22, 1997... Economic theory provides a suitable model for analyzing bilateral monopolies or cartels. This type of market structure is characterized by what Heinrich von Stackelberg aptly called Gleichgewichtslosigkeit -- an incapacity to achieve a...

Antitrust and sports franchise ownership restraints: a sad tale of two cases.(Antitrust in the Sports Industry)
September 22, 1997... Grant Gilmore, the eminent contracts scholar, was once asked to contribute a paper to a symposium on the economic analysis and law of products liability. He confessed that his initial reaction "was one of blank astonishment, since I could think...