"Antitrust's Least Glorious Hour": The Robinson-Patman Act

Roger Blair and Christina DePasquale

Journal of Law and Economics, 2014, vol. 57, issue S3, S201 - S215

Abstract: In The Antitrust Paradox, Robert Bork explored many of antitrust's misadventures. Specifically, Bork severely criticized the Robinson-Patman Act, which he characterized as "antitrust's least glorious hour." In this paper, we explore Bork's criticism of the Robinson-Patman Act along with those of other legal scholars and economists. We analyze the central prohibitions of the act and explore their competitive implications. We also show that the act's unfortunate prohibitions have been muted by the antitrust agencies' benign neglect and three recent Supreme Court decisions.

Date: 2014
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