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Injunctive Relief In Sherman Act Monopolization Cases

In: Antitrust Law and Economics

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  • Robert W Crandall
  • Kenneth G Elzinga

Abstract

While the popular image of the Sherman Act is that of a “trust-busting” statute, conduct remedies have been more common than structural relief. This paper evaluates the effect on economic welfare of conduct remedies that have resulted from ten prominent Sherman Act monopolization cases. In general, we find that in some cases the behavioral relief has had no consequence other than the cost of litigation and cost of compliance; in other cases, the remedies probably reduced consumer welfare. Cases studied are United Shoe Machinery, AT&T, Std. Oil of California, IBM, United Fruit, Kodak, Safeway, GM, Jerrold, and Blue Chip Stamp.

Suggested Citation

  • Robert W Crandall & Kenneth G Elzinga, 2004. "Injunctive Relief In Sherman Act Monopolization Cases," Research in Law and Economics, in: Antitrust Law and Economics, pages 277-344, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-5895(04)21005-3
    DOI: 10.1016/S0193-5895(04)21005-3
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    Cited by:

    1. Kurdin, Alexander & Shastitko, Anastasia, 2013. "The use of economic analysis in antitrust proceedings: an empirical study," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 91-111, August.
    2. Robert Crandall & Charles Jackson, 2011. "Antitrust in High-Tech Industries," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 38(4), pages 319-362, June.

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