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- Title
Achieving Efficiency Through Collusion: A Market Failure Defense to Horizontal Price-Fixing.
- Authors
Leslie, Christopher R.
- Abstract
Comments on the modern application of the Sherman Act in the specific context of horizontal price-fixing and U.S. courts' treatment of such conduct in some cases as a counterproductive infringement on the free market. Discussion on the inherent tension between economist Adam Smith's invisible hand concept and governmental regulation of the economy; Provisions of the Sherman Act; Pros and cons of collusion among competitors.
- Subjects
UNITED States; PRICE fixing; UNITED States economic policy; SMITH, Adam, 1723-1790
- Publication
California Law Review, 1993, Vol 81, Issue 1, p243
- ISSN
0008-1221
- Publication type
Article
- DOI
10.2307/3480786