Rule of Reason definition

Rule of Reason in Antitrust Analysis: General Issues 37-38 (Federal Judicial Center, June 1981). The application of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇’▇ example to this case could not be clearer or more compelling. Like Ford and General Motors, Shell and Texaco were major factors in the gasoline market; their joint selling eliminated important price competition between them; they were quite substantial enough to distribute their products independently; and one can hardly imagine a procompeti- tive justification actually probable in fact or strong enough in principle to make their arrangement reasonable under Section 1. Certainly Shell and Texaco could not imagine a procompetitive justification that would make their price fixing reasonable, though given every opportunity to do so. Added to this were demonstrated market effects: enormous price increases following the price fixing, although crude oil prices fell to historic lows. Quick look treatment is therefore also clearly warranted here.
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Rule of Reason. – means that an agreement’s legality is judged by balancing the agreement’s economic and business justification against its anticompetitive effect.
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Rule of Reason. The Dealer Termination Cases and the Demise of Section 1 of the ▇▇▇▇▇▇▇ Act, 22 Conn. L. Rev. 129, 131 (1989).
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Examples of Rule of Reason in a sentence

  • Structuring a Rule of Reason for Evaluating Resale Price Maintenance, Legal Studies Research Paper 2008‐25, University of Missouri, 26 (2008).

  • One possible alternative, given the far-reaching development of Article 81(1) in the Community Courts, would be to abolish Article 81(3) and apply an all encompassing Rule of Reason under the first part of the Article.

  • Actavis, Inc.: When is the Rule of Reason Not the Rule of Reason?, 15 Minn.

  • Under the Rule of Reason, the impact of competition is determined by the details of the case, the marketplace, as well as the prevailing competition, as well as any current or potential limitation on competition.

  • Anwendungsfälle einer Rule of Reason in der Entscheidungspraxis des Gerichtshofes der Europäischen Gemeinschaften (Darmstadt: Dissertations druck 1991) 13 Draft Guidelines on Horizontal Agreements OJ [2000] C 118/3 from p.


More Definitions of Rule of Reason

Rule of Reason. Special Factors
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