The Transformation of Vertical Restraints: Per Se Illegality, the Rule of Reason and Per Se Legality

14 Pages Posted: 25 Jul 2013 Last revised: 23 Sep 2015

See all articles by D. Daniel Sokol

D. Daniel Sokol

USC Gould School of Law; USC Marshall School of Business

Date Written: October 28, 2014

Abstract

This essay tracks Robert Bork’s influence on the development of vertical restraints in three areas of antitrust law - maximum resale price maintenance (“RPM”), vertical territorial restrictions, and Robinson Patman. In practice, across these areas, the shift in legal rules has not been one of per se illegality to the rule of reason but a more dramatic shift from per se illegality to one of presumptive legality under the rule of reason to close to per se legality.

Keywords: Bork, antitrust, vertical restraints, resale price maintenance, RPM, Robinson Patman, rule of reason, per se

JEL Classification: K21, l42, l40

Suggested Citation

Sokol, D. Daniel, The Transformation of Vertical Restraints: Per Se Illegality, the Rule of Reason and Per Se Legality (October 28, 2014). Antitrust Law Journal , Vol. 79, 2014, pages 1003-1016, Available at SSRN: https://ssrn.com/abstract=2297365 or http://dx.doi.org/10.2139/ssrn.2297365

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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