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Full-Text Articles in Law

Cartels As Rational Business Strategy: Crime Pays, John M. Connor, Robert H. Lande Dec 2012

Cartels As Rational Business Strategy: Crime Pays, John M. Connor, Robert H. Lande

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This article is the first to analyze whether cartel sanctions are optimal. The conventional wisdom is that the current level of sanctions is adequate or excessive. The article demonstrates, however, that the combined level of current United States cartel sanctions is only 9% to 21% as large as it should be to protect potential victims of cartelization optimally. Consequently, the average level of United States anti-cartel sanctions should be approximately quintupled.

The United States imposes a diverse arsenal of sanctions against collusion: criminal fines and restitution payments for the firms involved and prison, house arrest and fines for the corporate …


How The Ftc Could Beat Google, Robert H. Lande, Jonathan L. Rubin Oct 2012

How The Ftc Could Beat Google, Robert H. Lande, Jonathan L. Rubin

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The U.S. Federal Trade Commission is rumored to be deciding whether to bring a “pure Section 5” case against Google as a result of complaints that the company unfairly favors its own offerings over those of its rivals in its search results. But the case will fail miserably at the hands of a reviewing court and the agency will be confined to relatively non-controversial enforcement violations if the FTC fails to impose upon itself a tightly bounded and constrained legal framework that contains clear limiting principles. The only way a court will allow the FTC to pursue a pure Section …


Consumer Choice As The Best Way To Describe The Goals Of Competition Law, Robert H. Lande Aug 2012

Consumer Choice As The Best Way To Describe The Goals Of Competition Law, Robert H. Lande

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This article is both a short introduction to the Consumer Choice explanation for Competition Law or Antitrust Law, and also a short advocacy piece suggesting that Consumer Choice is the best way to articulate the goals of European Competition Law and United States Antitrust Law.

This article briefly:

  1. defines the consumer choice approach to antitrust or competition law and shows how it differs from other approaches;
  2. shows that the antitrust statutes and theories of violation embody a concern for optimal levels of consumer choice;
  3. shows that the United States antitrust case law embodies a concern for optimal levels of consumer …