For as long as there have been governments, they have intervened in the operation of markets, and such efforts have been criticized (at least in the last 200 years or so) for their deleterious effects on competition. But what about those cases in which the impetus for governmental intervention is the advancement of competition? Such efforts can be partially evaluated by their effectiveness, but their justification must ultimately lie in the end they are designed to serve—competition—an end whose definition, much less value, is far from settled. This class will study American efforts to prevent the private subversion of free competition. In addition to analysis of the statutes and case law, we will consider the history of antitrust regulation and the economic assumptions that drive much of its application. Fortunately, the applicable economic concepts are not complicated, and special effort will be made to introduce them to those students who have no background in economics.
Flex exam at end of semester.
*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the Writing Requirement.
**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.