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Vertical Restraints and Antitrust Policy: A Reaction to Cooper, Froeb, O’Brien, and Vita

BY | October 30, 2006

Ralph Winter, Sep 01, 2005 Cooper, Froeb, OBrien, and Vita argue that (1) economic theory, especially post-Chicago theory, provides little in the way of unambiguous predictions of when vertical restraints…

Ralph Winter, Sep 01, 2005

Cooper, Froeb, OBrien, and Vita argue that (1) economic theory, especially post-Chicago theory, provides little in the way of unambiguous predictions of when vertical restraints are pro-competitive versus anticompetitive, forcing antitrust decisions to rely mainly on prior empirical evidence rather than case-specific facts; and (2) prior evidence indicates that vertical restraints are unlikely to harm consumers. Antitrust policy, therefore, should be lenient towards th

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