Abstract

George J. Stigler (1985)1 I find much to endorse in Professor Areeda's magisterial presentation: (1) his description of the dubious role of juries as antitrust policymakers; (2) his recognition of the importance of clearly defining those anticompetitive improprieties that spell monopolization; and (3) his acknowledgement of the need for doctrines that do not chill innovative incentives or competitive vigor among even the most powerful enterprises.2 I too join the growing consensus that regards reforms in private treble damage enforcement as timely, since such reforms would not only diminish the sway of juries, but would also avert other excesses that might otherwise warrant cutting substantive antitrust doctrines to the bone.

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