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The Firm As Cartel Manager, Herbert J. Hovenkamp, Christopher R. Leslie
The Firm As Cartel Manager, Herbert J. Hovenkamp, Christopher R. Leslie
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Antitrust law is the primary legal obstacle to price fixing, which is condemned by Section 1 of the Sherman Act. Firms that engage in price fixing may try to reduce their probability of antitrust liability in a number of ways. First, members of a price-fixing conspiracy go to great lengths to conceal their illegal activities from antitrust enforcers. Second, because Section 1 condemns only concerted action, firms may structure their relationship to appear to be the action of a single entity that is beyond the reach of Section One.
In its American Needle decision the Supreme Court held that the …