Abstract
A LTHOUGH United States v. United Shoe Machinery Corporation ranks among the most famous of antitrust cases, the economic principles involved in the dispute have remained obscure.' The most prominent economic issues have been (i) the role of leasing as a solution to the durablegoods-monopoly problem and (ii) the exclusionary potential of specific lease provisions. Of these, the durable-goods-monopoly rationale appears to have gained the greater acceptance among economists-an occurrence due in no small part to Chicago School arguments that challenged the logic of anticompetitive exclusion.2
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