Document Type
Article
Publication Date
4-2018
Abstract
Although the debate over hipster antitrust is often portrayed as something new, experienced observers recognize it as a replay of an old argument that was resolved by the global consensus that antitrust should focus on consumer welfare rather than on the size of firms, the levels of industry concentration, and other considerations. Moreover, the history of the Federal Trade Commission’s Section 5 authority to prevent unfair methods of competition stands as a reminder of the dangers of allowing enforcement policy to be guided by vague and uncertain standards.
Keywords
Competition law & policy, law & economics, legal history, movement antitrust, consumer welfare standard, Sherman Antitrust Act, market power, Federal Trade Commission, FTC
Publication Title
CPI Antitrust Chronicle
Repository Citation
Yoo, Christopher S., "Hipster Antitrust: New Bottles, Same Old W(h)ine?" (2018). All Faculty Scholarship. 2168.
https://scholarship.law.upenn.edu/faculty_scholarship/2168
Included in
Antitrust and Trade Regulation Commons, Economic Policy Commons, Economic Theory Commons, Industrial Organization Commons, Law and Economics Commons, Law and Politics Commons, Law and Society Commons, Legal History Commons, Policy Design, Analysis, and Evaluation Commons, Policy History, Theory, and Methods Commons, Political Economy Commons, Public Policy Commons
Publication Citation
CPI Antitrust Chronicle, April 2018