Antitrust Laws

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Legislation that forbids monopolistic trade practices and prohibits conspiracies and trusts that… (Read more)

Concept of Antitrust Laws in the context of U.S. Real Property

A short definition of Antitrust Laws: Laws enacted to promote free competition by prohibiting agreements to limit competition. In real property businesses, for example, setting a “standard” commission for all brokers to charge would be a violation.

Concept of Antitrust Laws in the context of U.S. Real Property

A short definition of Antitrust Laws: Laws enacted to promote free competition by prohibiting agreements to limit competition. In real property businesses, for example, setting a “standard” commission for all brokers to charge would be a violation.

Antitrust laws in Global Commerce Policy

In this regard, antitrust laws is: often known as competition laws. These laws are a subset of the rules making up competition policy. They aim to promote a competitive environment for firms through ensuring that they do not abuse market power in domestic markets. The entries on trade policy are here. In some countries, especially the United States, antitrust laws have an extraterritorial dimension. The term antitrust  derives its origin from a perception in the United States in the 1880s and 1890s that some industries, then organized into large-scale trusts with interlocking directorships, were undermining price mechanisms. The Sherman Act, passed in 1890, remains the cornerstone and symbol of United States antitrust laws. The entries on trade policy are here. A 1994 House of Representative committee report notes that first and foremost, antitrust is rooted in the distinctive American preference for pluralism, freedom of trade, access to markets, and perhaps most important of all freedom of choice . Penalties in proven cases of antitrust law infringement tend to be severe in many countries. The entries on trade policy are here. In the United States, for example, the courts can impose treble damages on the offenders. See also cartel, Clayton Act, essential services doctrine, extraterritoriality and Webb-Pomerene Act.[1]

Antitrust lawsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Antitrust laws” entry (OAS)

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