US antitrust law

Antitrust law of the United States  is a set of federal and state governmental laws governing the conduct and organization of commercial corporations, usually to promote a  competition  just  for the benefit of consumers  . (The concept is called competition law  in other English - speaking countries). The main statutes are the Sherman Act of 1890  , the  Clayton Act of 1914  and the  Law of the Federal Trade Commission 1914  . These Acts, first, restricting the formation of  cartels  and other collusive practices prohibit considered as a restriction on trade  . Second, restrict mergers and acquisitions. of organizations that could substantially lessen competition. Third, prohibit the creation of a monopoly and abuse of monopoly power. ^[one]

The  Federal Trade Commission  , the Department of Justice of  the  US. UU.  , State governments and private parties are sufficiently affected may file action in court to enforce antitrust laws. The scope of antitrust laws, and the degree to which should interfere with the freedom of a company to do business, or to protect small businesses, communities and consumers, are debated vigorously. One view, mainly associated with the "  Chicago school of economics "It suggests that antitrust laws should focus solely on the benefits for consumers and overall efficiency, while a wide range of legal and economic theories believes that the role of antitrust laws also controls economic power.  In the public interest.  ^{[ two]}

•  (1)  For a general framework, see Thibault Schrepel, a new structured rule of reason approach for high - tech markets, Suffolk University Law Review, vol. 50, No. 1, 2017https://ssrn.com/abstract=2908838

1. (2)   See generally,  Herbert Hovenkamp  , 'Chicago and Its Alternatives' (1986) 6 Duke Law Journal from 1014 to 1029, and  RH Bork  ,  The Antitrust Parish  (Free Press 1993)