Per Se Rules and Price Fixing - PowerPoint PPT Presentation

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Per Se Rules and Price Fixing

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'Bright line' test; saves court's time & doesn't 'reinvent the ... Footnote 59: 'perniciousness' and 'threat to central nervous ... per se (Citizens Bank) ... – PowerPoint PPT presentation

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Tags: bank | citizens | fixing | per | price | rules

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Title: Per Se Rules and Price Fixing


1
Per Se Rules and Price Fixing
  • Bright line test saves courts time doesnt
    reinvent the wheel ignores industry structure
    and expert testimony no redeeming
    pro-competitive qualities
  • Appalachian Coals
  • Common sales agent and prorated revenues
  • Socony Vacuums dancing partners
  • Price stabilization and floors
  • Footnote 59 perniciousness and threat to
    central nervous system of the economy

2
Horizontally-set Maximum Price
  • Per se in Kiefer-Stewart but hard to understand
    the harm
  • Rule of Reason would be superior

3
Trade Associations
  • Safety standards, architectural interoperability,
    global mkt competitiveness
  • but standarization when commodity inputs can mask
    price stabilization
  • Capacity and output info can facilitate
    cartelization cts use Rule of Reason
  • historic v. current capacity/sales info
  • Reqt to adhere to price data? Data widely
    available? Industry/assn concentrated?

4
Pricing Confirmation
  • Bilateral exchange of latest transactions
    Container Defs had 90 of shipped product
  • Majority wrong on per se (Citizens Bank)
  • In U.S.Gypsum (4-3-2) no reqt to adhere, but
    CR890 Ct said no per se for criminal
    prosecution where intent is for jury
  • knowledge that proscribed effects would most
    likely follow and they did
  • exchange could be predicate for price fixing
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