The American Express Case: Public Good or Monopoly?
O'Driscoll, Gerald P.,
ISU General Staff Papers from Iowa State University, Department of Economics
Abstract:
On February 20, 1974 a civil complaint for declarative and injunctlve relief was filed by Consumers Union and one Linda Blitz against the American Express Company and the U.S. Shoe Retail Corporation under section 1 of the Sherman Act.^ American Express and U.S. Shoe Retail were charged with being in restraint of trade. Specifically the companies were charged with being parties to a "restrictive contract", which "eliminates price competition in the sale of goods and services to cash customers and credit card customers...", and with imposing a tie in sale. Both activities are viewed in the law as being in restraint of trade. The provision of the contract to which objection was made read as follows:
Date: 1975-01-27
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:197501270800001002
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