The Competitive Significance of Brands

8 Pages Posted: 28 Nov 2014 Last revised: 28 Oct 2015

See all articles by Deven R. Desai

Deven R. Desai

Georgia Institute of Technology - Scheller College of Business

Spencer Weber Waller

Loyola University Chicago School of Law

Date Written: July 29, 2014

Abstract

This essay summarizes our work on brands and competition. Brands and brand management have become a central feature of the modern economy and a staple of business theory and business practice. Brands also have important effects on competition and the marketplace; yet the two key areas of law concerned with competition — trademark and antitrust — have missed the importance of branding. Contrary to the law’s conception of trademarks, brands are used to indicate far more than source and/or quality. Indeed those functions are far down on the list of what most businesses want for their brands. As a competition matter, businesses pursue that strategy to move beyond price, product, place, and position and create the idea that a consumer should buy a branded good or service at a higher price than the consumer might otherwise pay.

The critical question is how to integrate brand management into existing legal doctrine. Our project is to answer this question. We start by describing the way brands work. Then we set out the core mistakes trademark and antitrust law make. We conclude by explaining some of the differences a brand perspective would have for antitrust and trademark law.

Keywords: antitrust, trademarks, competition, brands, branding, price theory

JEL Classification: K21, L4, O34, D43, D41, D42, D83, K21, L11, L12, L40, L41, L42, M31, B21

Suggested Citation

Desai, Deven R. and Waller, Spencer Weber, The Competitive Significance of Brands (July 29, 2014). CPI Antitrust Chronicle, July 2014 (2); Loyola University Chicago School of Law Research Paper No. 2014-18. Available at SSRN: https://ssrn.com/abstract=2531137

Deven R. Desai (Contact Author)

Georgia Institute of Technology - Scheller College of Business ( email )

800 West Peachtree St.
Atlanta, GA 30308
United States

HOME PAGE: http://scheller.gatech.edu/directory/faculty/desai/index.html

Spencer Weber Waller

Loyola University Chicago School of Law ( email )

25 E Pearson St.
Room 1041
Chicago, IL 60611
United States
312-915-7137 (Phone)
312-915-7201 (Fax)

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