Tuesday, May 7, 2013
Posted by D. Daniel
Sokol Barak Orbach, University of Arizona informs us about Antitrust's Pursuit of Purpose.
ABSTRACT: Consumer welfare is the stated goal of U.S. antitrust law. It was offered to resolve contradictions and inconsistencies in antitrust. The Supreme Court adopted it believing that “Congress designed the Sherman Act as a consumer welfare prescription.” Alas, since the introduction of the standard, antitrust has been searching for its purpose. This Foreword introduces the debate on the goals of antitrust and briefly presents perspectives in this debate.