Are Antitrust Laws Designed to Protect the Consumer?
Monday, July 9th, 2007Last week in it’s ruling on LEEGIN CREATIVE LEATHER PRODUCTS, INC. v. PSKS, INC., the US Supreme Court took the position that anti-trust laws are not designed to protect the consumer, but instead, manufacturers. Here’s an excerpt:
A single manufacturer?s use of vertical price restraints tends to eliminate intrabrand price competition; this in turn encourages retailers to invest [...]