Antitrust Energy

22 Pages Posted: 17 May 2012

See all articles by Barak Orbach

Barak Orbach

University of Arizona

D. Daniel Sokol

USC Gould School of Law; USC Marshall School of Business

Date Written: May 17, 2012

Abstract

Marking the centennial anniversary of Standard Oil Co. v. United States, we argue that much of the critique of antitrust enforcement and the skepticism about its social significance suffer from “Nirvana fallacy”— comparing existing and feasible policies to ideal normative policies, and concluding that the existing and feasible ones are inherently inefficient because of their imperfections. Antitrust law and policy have always been and will always be imperfect. However, they are alive and kicking. The antitrust discipline is vibrant, evolving, and global. This essay introduces a number of important innovations in scholarship related to Standard Oil and its modern applications and identifies shifts in antitrust that will keep the field energized for some time to come.

Keywords: antitrust, standard oil, monopolization, legal history, economic history

JEL Classification: N71, K21, l41

Suggested Citation

Orbach, Barak and Sokol, D. Daniel, Antitrust Energy (May 17, 2012). Southern California Law Review, Vol. 85, 2012, Arizona Legal Studies Discussion Paper No. 12-15, Available at SSRN: https://ssrn.com/abstract=2061790

Barak Orbach

University of Arizona ( email )

1201 E. Speedway Blvd.
Tuscon, AZ 85721-0176
United States
520-626-7256 (Phone)

D. Daniel Sokol (Contact Author)

USC Gould School of Law ( email )

699 Exposition Boulevard
Los Angeles, CA 90089
United States

USC Marshall School of Business ( email )

701 Exposition Blvd
Los Angeles, CA California 90089
United States

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