Revitalizing Antitrust in Its Second Century: Essays on Legal, Economic, and Political Policy

By Harry First; Eleanor M. Fox et al. | Go to book overview
Chicago School ApproachRealist/Traditionalist Approach
ment to fix resale prices. The ques-
tion may be whether there was
sufficient evidence for a jury to find
a resale price maintenance agree-
ment between the manufacturer
and its nondiscounting dealers; 84
but not whether such an agreement,
if it exists, might increase aggregate
wealth and, if so, whether the
nondiscounting dealers' interest
against free riding outweighs the
cut-off discounter's interest in free
trade. As long as jurists respect
law--as long as they start their
analysis with law, not eco-
nomics--antitrust law will remain
coherent. 85

NOTES
1.
See Fox, "Chairman Miller, the Federal Trade Commission, Economics and Rashomon", 50 Law & Contemp. Prob.33 ( 1987); Fox, "The Politics of Law and Economics in Judicial Decision Making: Antitrust as a Window", 61 N.Y.U. L. Rev.554, 577-79 ( 1986).
2.
For a sampling of authorities that support Chicago's lexicon, see:

A. Alchian & W. Allen: Exchange and Production: Competition, Coordination, and Control169-287 ( 3d ed. 1983).

W. Baxter: "Interview with William F. Barter, Assistant Attorney General, Antitrust Division", 52 Antitrust L.J.23 ( 1983); "Interview with William R. Baxter", 51 Antitrust L.J.23 ( 1982); "Interview with William F. Baxter", 50 Antitrust L.J.151 ( 1981).

R. Bork: The Antitrust Paradox: A Policy at War with Itself ( 1978); Rothery Storage & Van Co. v. Atlas Lines, 792 F.2d 210 (D.C. Cir. 1986) (Bork, J.), cert. denied, 479 U.S. 1033 ( 1987).

H. Demsetz: "The Trust Behind Antitrust", in Industrial Concentration and the Market System45 ( E. Fox & J. Halverson eds. 1979); "Two Systems of Belief About Monopoly", in Industrial Concentration: The New Learning164 ( H. Goldschmid, M. Mann & G. Weston eds. 1974).

F. Easterbrook: "Allocating Antitrust Decisionmaking Tasks", 76 Geo. L.J.307 ( 1987); "Workable Antitrust Policy", 84 Mich. L. Rev. 1696 ( 1984); "Method, Result and Authority: A Reply to Professor Tribe's Response to the Foreword", 98 Harv. L. Rev.622 ( 1985); "The Supreme Court, 1983 Term -- Foreword: The Court and the Economic System", 98 Harv. L. Rev.4 ( 1984); "The Limits of Antitrust", 63 Tex. L. Rev.1 ( 1984) [hereinafter Easterbrook, Limits]; "Predatory Strategies and Counterstrategies", 48 U. Chi. L. Rev.263 ( 1981); A.A. Poultry Farms, Inc. v. Rose Acre Farms, Inc., 881 F.2d 1396 (7th Cir. 1989), cert. denied, 110 S. Ct. 1326 ( 1990); Fishman v. Estate of Wirtz, 807 F.2d 520, 563 (7th Cir. 1986)

-82-

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