Antitrust Law

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Antitrust Law

Any law opposing trusts, monopolies, and other organizations or practices deemed to be anti-competitive. Antitrust laws especially refer to laws forbidding price-fixing contracts, price discrimination, and tying. Proponents of antitrust laws believe they increase competition, while opponents, notably Ayn Rand, argue that they encourage economic inefficiency and punish success. See also: Sherman Act, Clayton Act.
References in periodicals archive ?
Next, Freyer describes the passage of antitrust legislation and administration of the law by Bannerman, previously an attorney in the attorney general's office.
Once the necessary background research is concluded, the drafting of Vietnamese antitrust legislation can begin.
The traditional justification for the enactment and enforcement of antitrust legislation is that it serves the public interest by preventing businesses from engaging in practices that reduce competition.
Much of the political pressure for antitrust legislation and meat inspection came from small meat packers and farmers, not from consumer groups.
Antitrust legislation detailed earlier in this article is also likely to be reintroduced this year and INDA is prepared to oppose the measure again if it is reoffered.
Where increasing returns exist, he mentions direct operation or regulation of a "natural" monopoly and antitrust legislation.
Latest ReadyTraining[TM] course uses new interactive activity to engage employees to comply with antitrust legislation, promote a competitive workplace
WITH THE MCCARRAN-FERGUSON ACT, signed in 1945, Congress granted states a limited exemption from federal antitrust legislation, declaring that states would continue to regulate the insurance business.
Rockefeller's memoirs, Federal antitrust legislation, and Horatio Alger novels.
Whether the issue was slavery, child labor laws, antitrust legislation, the direct election of the U.
As economist Paul Samuelson, a Nobel laureate and a proponent of antitrust legislation, has written, "Instead of concentrating on bringing [prices] down for the consumer, it concentrates on keeping many firms in business, even though some may be inefficient.
Accordingly, state and federal antitrust legislation was demanded as a solution to this problem.