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The Global Limits of Competition Law$
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D. Daniel Sokol and Ioannis Lianos

Print publication date: 2012

Print ISBN-13: 9780804774901

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804774901.001.0001

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Complications in the Antitrust Response to Monopsony

Complications in the Antitrust Response to Monopsony

(p.54) 4 Complications in the Antitrust Response to Monopsony
The Global Limits of Competition Law

Jeffrey L. Harrison

Stanford University Press

This chapter examines the application of competition law to monopsony. It begins with a short review of monopsony theory in order to provide a context for the specific issues addressed in the chapter. The first complication concerns what is called the “all-or-none supply curve.” This amounts to an argument that in some circumstances, monopsony may not be harmful. The discussion then explores questions left open by Weyerhaeuser Co. v. Ross–Simmons Hardwood Lumber Co; issues of antitrust standing (a decision about those eligible to bring a private action based on a monopsony theory); the treatment of cooperative buying; and the treatment of monopsony in the context of some practices to which the application of United States antitrust law is currently somewhat muddled.

Keywords:   competition law, monopsony, Weyerhaeuser Co. v. Ross–Simmons Hardwood Lumber Co, antitrust, cooperative buying, antitrust law, all-or-none supply curve

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