Antitrust Policy: A Century of Economic and Legal Thinking

William E. Kovacic and Carl Shapiro

Competition Policy Center, Working Paper Series from Competition Policy Center, Institute for Business and Economic Research, UC Berkeley

Abstract: Passage of the Sherman Act in the United States in 1890 set the stage for a century of jurisprudence regarding monopoly, cartels, and oligopoly. Among American statutes that regulate commerce, the Sherman Act is unequaled in its generality. The Act outlawed "every contract, combination or conspiracy in restraint of trade" and "monopolization" and treated violations as crimes. By these open-ended commands, Congress gave federal judges extraordinary power to draw lines between acceptable cooperation and illegal collusion, between vigorous competition and unlawful monopolization.

Keywords: antitrust; Sherman Act (search for similar items in EconPapers)
Date: 1999-10-02
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Antitrust Policy: A Century of Economic and Legal Thinking (2003)
Journal Article: Antitrust Policy: A Century of Economic and Legal Thinking (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:compol:qt5zb4g387

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