The Federal Trade Commission, Oligopoly, and Shared Monopoly

F. Scherer ()

Review of Industrial Organization, 2015, vol. 46, issue 1, 5-23

Abstract: This paper, written for a centennial commemoration of the Federal Trade Commission’s creation, reviews the history of two major cases—the tetracycline case of the 1950s and 1960s and the suit against four (eventually three) ready-to-eat breakfast cereal manufacturers in the 1970s. Those actions addressed one of the most difficult problems in U.S. antitrust jurisprudence: how to deal with the behavior of oligopolistic firms sufficiently few in number that they refrain from active price competition even without entering into explicit price-fixing agreements. Copyright Springer Science+Business Media New York 2015

Keywords: Antitrust; Federal Trade Commission; Oligopoly; Conscious parallelism (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11151-014-9425-0

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