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http://ssrn.com/abstract=1573634
 
 

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Anticompetitive Effect


Hon. Richard D. Cudahy


U.S. Court of Appeals for the 7th Circuit

Alan J. Devlin


Latham & Watkins

March 17, 2010

Minnesota Law Review, Vol. 95 p. 59 (2010)

Abstract:     
Despite receiving thorough analytic treatment from the judiciary and academy, and notwithstanding its sophisticated doctrine, antitrust law remains dogged by a profound incongruity. For precisely what the law condemns remains elusive. Certainly, there is widespread agreement that the antitrust laws exist to promote some measure of efficiency. While this baseline serves as an adequate foundation for judging the legality of many business practices, it proves insufficient for some others. This Article seeks to inject much-needed specificity into the concept of “anticompetitive.” In doing so, it addresses the question of whether the Sherman Act is properly concerned with aggregate or consumer welfare. It explores the extent to which anticompetitive effect refers to more than an absence of competition. It considers how the law should treat conduct that results in prices increases, but not demonstrable output restrictions. It explains how intertemporal effects complicate analysis and explores the implications of the paradoxical fact that “anticompetitive” conditions may be the sine qua non of long-run welfare. By highlighting the amorphous nature of antitrust’s most fundamental concept, and explaining how it can be clarified, the Article seeks to alleviate a significant shortcoming in the law.

Number of Pages in PDF File: 51

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Date posted: March 25, 2010 ; Last revised: December 14, 2010

Suggested Citation

Cudahy, Hon. Richard D. and Devlin, Alan J., Anticompetitive Effect (March 17, 2010). Minnesota Law Review, Vol. 95 p. 59 (2010). Available at SSRN: http://ssrn.com/abstract=1573634

Contact Information

Richard D. Cudahy
U.S. Court of Appeals for the 7th Circuit ( email )
219 S. Dearborn Street
Chicago, IL 60604
United States
Alan James Devlin (Contact Author)
Latham & Watkins ( email )
United States
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