antitrust laws


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Antitrust laws

Legislation established by the federal government to prevent the formation of monopolies and to regulate trade.

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.

antitrust laws

Federal and state statutes designed to promote competition among businesses. Antitrust laws in the United States originated from the laissez-faire excesses that took place in the early 1900s. Effectiveness of antitrust laws is heavily dependent upon enforcement by the powers in charge—primarily the U.S. Justice Department. Thus, the success of antitrust laws has varied. See also Celler-Kefauver Antimerger Act, Clayton Act, Federal Trade Commission Act of 1914, Sherman Antitrust Act.

antitrust laws

State and federal laws designed to encourage competition and discourage or prohibit monopolies.Relevant in the real estate context because of the somewhat monopolistic power of local real estate boards, their ability to admit or exclude members, the possibility of de facto (informal) price fixing relative to real estate commissions, and their control of the Multiple Listing Service® database of properties offered for sale. This is an exceptionally complex area of law. (For more information, visit the Department of Justice Web site at www.usdoj.gov/atr/overview.html and the National Association of REALTORS® antitrust pages at www.realtor.org/libweb.nsf/pages/fg704.)

References in periodicals archive ?
The Department of Justice Antitrust Division (DOJ) and the Federal Trade Commission (FTC) have jointly issued written guidance for human resource (HR) professionals on how antitrust law applies to employee hiring and compensation decisions (Guidance).
12) While some of these dilemmas have been resolved since Bork and others (13) wrote against antitrust decades ago, recent literature too questions the capacity of antitrust laws to serve as a tool to protect and promote competition, (14) with arguments centered on the corporate resources wasted on lobbying the government (15) and the courts' discretion in defining the parameters of an antitrust case, most critically that of the "relevant market.
5) Topics of discussion included the intersection of antitrust and intellectual property, especially with genetically modified crops, issues of market control and price manipulation by major agricultural firms and meatpackers, and the current state of antitrust law in relation to agriculture in America's heartland.
31) Antitrust laws condemn those practices that, on balance, harm consumers by harming competition.
One of the reasons antitrust law is such a headache to comply with is because what is or is not permissible has changed over time.
But at least the NFLPA now has a bit more leverage in that it can always punt any impasse in negotiations to the courts via decertification and suing under antitrust law.
The Antitrust Laws, Dynamic Markets and the Network Economy
These traditional arguments do not seem very persuasive by themselves because they do not attempt to compare the substantial costs of diverse antitrust laws with the costs of harmonization.
The results are very telling--not just with regard to Microsoft, but to antitrust law in general.
Provide association staff, officers, directors, and members with sufficient knowledge of antitrust laws to be able to recognize antitrust problems when they arise.
Also on trial is the way in which the federal government applies antitrust laws, says Richard B.
When its products are bundled, and in some instances given away, its critics claim that the antitrust laws are violated.