Economic theory and inter/intrabrand competition: Sylvania's 'balancing' test

Article Abstract:

The US Supreme Court's decision in 1977 in Continental T.V., Inc. v. GTE Sylvania, Inc. has effectively denied antitrust remedies to companies harmed by price restrictions in the distributional sector of the economy. The court deemed elimination of competition at the retail level through resale price maintenance acceptable when the antitrust law rule of reason was not offended. In the aftermath of an earlier case, U.S. v. Sealy, Inc., in which the Supreme Court did strike down price fixing practices, the prices in the mattress market dropped dramatically. Intrabrand competition can have significant anticompetitive effects.

Laws, regulations and rules, Price fixing, Resale price maintenance, Price maintenance

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Competition and efficiencies in merger analysis: proposals from the FTC report on new hi-tech global marketplace

Article Abstract:

Susan DeSanti, FTC Director of Policy Planning, says the agency is planning to evaluate the ramifications of mergers and consolidation in the emerging global marketplace, particularly in terms of high tech industries. The FTC wants to evaluate what economic efficiencies can result from mergers or duopolies and adjust its antitrust enforcement policies as might be necessary. However, critics charge the FTC's stance is a political move to bring enforcement efforts in line with the wishes of GOP Congressional leaders.

Mergers & Acquisitions, Economic aspects, Acquisitions and mergers, International aspects, international, DeSanti, Susan

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Competition: the moral justification for capitalism

Article Abstract:

Paul Rand Dixon, Pres Kennedy's FTC Chairman, believed competition and economic freedom provided the moral underpinning of the capitalist system. He felt economic competition created societal liberty by providing the best way to allocate resources, keep costs low, promote technological advances, and provide workers with rewards appropriate to their levels of production. FTC investigation procedures developed under him were geared to handling and resolving complaints of restraint of trade.

Social aspects, History, Ethical aspects, United States. Federal Trade Commission, Capitalism, Dixon, Paul Rand

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