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This introductory essay for a symposium on antitrust enforcement during economic crises provides a brief historical overview of the failures of antitrust enforcement during major economic crises and wars in the first half of the twentieth century. It then considers the reasons that historical...
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The new administration has made a splash over antitrust, with a high-profile withdrawal of the Bush Administration’s report on monopolistic offenses, the suggestion that lax antitrust enforcement may have contributed to the economic crisis, and an announcement of a more vigorous attitude...
Persistent link: https://www.econbiz.de/10014203930
The Biden Justice Department has announced that it may begin to bring criminal monopolization cases under Section 2 of the Sherman Act, a practice that the Department has not employed in almost half a century. The Department's leadership has justified this idea by asserting that it used to be...
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The State of Michigan is currently defending a constitutional challenge to its automobile direct distribution prohibition. The lawsuit was brought by the automotive manufacturer Tesla, which has been denied a license to open show rooms or service centers in the state. A 2014 amendment to...
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Tesla Motors is fighting the car dealers' lobby, aided and abetted by the legacy Detroit manufacturers, on a state by state basis for the right to distribute its innovative electrical automobiles directly to consumers. The Tesla wars showcase the important relationship between product innovation...
Persistent link: https://www.econbiz.de/10013027959
Predatory innovation theories claim that firms sometimes obtain or retain dominance by modifying products or introducing new technologies to foreclose rivals. U.S. antitrust law has permitted such claims in some circumstances, but subject to skepticism that courts or agencies are capable of...
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Despite the idiosyncratic and sometimes counterproductive institutional scheme of federal antitrust enforcement created by failed Congressional design and decades of iterative experimentation, the U.S. antitrust agencies function relatively successfully most of the time. Because of this, the...
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