A PYMNTS Company

The Chicago School’s Limited Influence on International Antitrust

By  |  January 29, 2020

By Ann Bradford, Adam Chilton & Filippo Maria Lancieri, Oxford Business Law Blog

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A group of scholars primarily associated with the University of Chicago began to challenge many of the fundamental tenets of US antitrust law in the 1950s. This movement—which became known as the Chicago School of Antitrust Analysis—profoundly altered the course of American antitrust scholarship, regulation, and enforcement. Antitrust law became increasingly informed by economic theories with formalistic per se rules giving way to a case-by-case assessment of the economic effects of firm conduct.

    Many previously established antitrust doctrines—from the challenging of vertical mergers to the per se treatment of several forms of unilateral conduct by monopolies—were gradually reversed as a result. Although antitrust scholars may disagree on the appropriateness of the Chicago School ideas, few would question the profound influence those ideas have had on US antitrust policy.

    Continue Reading…