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Robinson-Patman Act |
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Robinson-Patman Act, passed by the U.S. Congress in 1936 to supplement the Clayton Antitrust Act Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton. ..... Click the link for more information. . The act, advanced by Congressman Wright Patman, forbade any person or firm engaged in interstate commerce to discriminate in price to different purchasers of the same commodity when the effect would be to lessen competition or to create a monopoly. Sometimes called the Anti-Chain-Store Act, this act was directed at protecting the independent retailer from chain-store competition, but it was also strongly supported by wholesalers eager to prevent large chain stores from buying directly from the manufacturers for lower prices. BibliographySee studies by D. J. Baum (1964) and R. Posner (1986). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The new portfolio, #76 in the Library, is Living with the Robinson-Patman Act, written by antitrust expert Irving Scher, an attorney with Weil, Gotshal & Manges. Several years ago, our firm discovered that an acquired company probably violated the Robinson-Patman Act in that it had different pricing structures for different customers. The ABA and the other plaintiffs are suing Borders and Barnes & Noble under the Robinson-Patman Act, a 1936 federal antitrust statute that forbids "price discrimination," and two similar California state statutes designed to prohibit "unearned" discounts to chain stores. |
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