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Network economic effects and the limits of GTE Sylvania's efficiency analysis

Stephen F. Ross

Anti Trust Law Journal2001article
ABDC A
Weight
0.26

Abstract

The significant contribution of the Chicago school of antitrust has been to demonstrate persuasively, through the use of economic theory, how some business activities historically viewed with suspicion actually benefited consumers and promoted economic efficiency. The landmark Supreme Court decision in Continental T.V., Inc. v. GTE Sylvania Inc.1 can be fairly read as accepting the argument that courts should not use the antitrust laws to interfere with demonstrably efficient conduct in order to promote broader political goals. After Sylvania, it is clear that where a challenged agreement is demonstrably efficient, or occurs in an industry where market retribution to inefficient conduct will be swift, the defendant wins.2 Where a dominant firm or concerted group of firms is unable to offer a persuasive justification for conduct that demonstrably raises price, reduces output, or renders output unresponsive to consumer demand, the plaintiff wins.3

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Cite this paper

@article{stephen2001,
  title        = {{Network economic effects and the limits of GTE Sylvania's efficiency analysis}},
  author       = {Stephen F. Ross},
  journal      = {Anti Trust Law Journal},
  year         = {2001},
}

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Network economic effects and the limits of GTE Sylvania's efficiency analysis

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.