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Antitrust law comes a little closer to reality

"Congress, the antitrust enforcement agencies, and most economists have all reached the conclusion that a patent does not necessarily confer market power upon the patentee. Today, we reach the same conclusion." –Justice Stevens, for an 8-0 Court, in Illinois Tool Works v. Independent Ink (04-1329).

Earlier this week, the Supreme Court, in Texaco v. Dagher, again by an 8-0 vote, reversed the horrendous Judge Reinhardt Ninth Circuit opinion calling a joint venture illegal price fixing (Jan. 20). Josh Wright summarizes.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.