By René Joliet
Read or Download The Rule of Reason in Antitrust Law: American, German and Common Market Laws in Comparative Perspective PDF
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Extra info for The Rule of Reason in Antitrust Law: American, German and Common Market Laws in Comparative Perspective
Sample text
S. 593 (1950); United States v. , 63 F. Supp. Y. S. 319 (1947); United States v. , 82 F. Supp. J. 1949). However in these cases, the courts rejected defendants' arguments that the restraints were merely ancillary. 29 Thus, apart from being a work of art in legal literature, United States v. Addyston Pipe and Steel Co. has little influence for the contemporary observer. 6. • The Foundations of the Modern Rule of Reason : Standard Oil and American Tobacco A. · A Policy Against " Undue Limitations on Competitive Conditions " The dicta of Chief Justice White in Standard Oil C) and American Tobacco C) set up the foundations for the development of the modem Rule of Reason.
In the case of price-fixing, conspirators restrict their freedom to establish prices according to their own judgment. In the case of boycott, they restrict their freedom to deal with third parties. The element of restraint (1) Standard Oil Co. of New Jersey v. S. 1 (1911). (2) See John T. , 27 ABA AANTITRUST SECTION, 60 (1965). A. Rahl, Conspiracy and the Anti-Trust Laws, 44 lu.. R. REv. 745 (1950). (4) See OPPENHEIM, FEDERAL ANTITRUST LAWS, 1 (1958). (5) Cj. United States v. , 85 Fed. 271, 279 (6th Cir.
1962). This is not to suggest that only ancillary restraints may be lawful under Section 1 of the Sherman Act. The test is one of competitive effect. There· fore even non-ancillary restraints which have only a minimum effect on competition may be upheld. g. in the field of international cartels, Timken Roller Bearing Co. v. S. 593 (1950); United States v. , 63 F. Supp. Y. S. 319 (1947); United States v. , 82 F. Supp. J. 1949). However in these cases, the courts rejected defendants' arguments that the restraints were merely ancillary.