In the Supreme Court of the United States...Counsel for Amici Curiae
40 Pages Posted: 20 Dec 2017
Date Written: December 14, 2017
The amici are eight economists – scholars and experts in competition, industrial organization, and the economic analysis of antitrust issues. Amici respectfully submit that sound antitrust economics supports judgment in favor of the Petitioners. The Second Circuit’s ruling sets new and flawed antitrust standards for analyses of two-sided markets, standards that are based on a fundamental misunderstanding of the economics of such markets. Unless corrected by this Court, the decision will result in anticompetitive distortions not only in the credit card industry, but also in the many extant and emerging industries that involve or are alleged to involve two-sided platforms.
Keywords: antitrust, industrial organization, competition
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