rule of reason

E560329

The rule of reason is an antitrust legal doctrine that evaluates whether a business practice unreasonably restrains trade by weighing its pro-competitive benefits against its anti-competitive harms.

All labels observed (1)

Label Occurrences
rule of reason canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf antitrust legal doctrine ⓘ
standard of review ⓘ
allows consideration of consumer welfare impacts ⓘ
consideration of efficiencies ⓘ
appliedBy antitrust enforcement agencies ⓘ
courts ⓘ
appliesTo many horizontal restraints ⓘ
restraints of trade ⓘ
vertical restraints ⓘ
appliesUnderStatute Section 1 of the Sherman Act ⓘ
Sherman Antitrust Act ⓘ
burdenShifting defendant may show pro-competitive justifications ⓘ
plaintiff may show less restrictive means ⓘ
plaintiff must show anticompetitive effect ⓘ
characteristic context-dependent ⓘ
flexible ⓘ
considers actual effects on prices ⓘ
business justifications for the restraint ⓘ
definition of the relevant market ⓘ
effects on innovation ⓘ
effects on output ⓘ
effects on quality ⓘ
less restrictive alternatives ⓘ
market power of the parties ⓘ
contrastedWith per se rule ⓘ
quick look analysis ⓘ
evaluates anti-competitive effects of a practice ⓘ
pro-competitive benefits of a practice ⓘ
field competition law ⓘ
economic regulation ⓘ
furtherDevelopedInCase Chicago Board of Trade v. United States ⓘ
furtherDevelopedInCaseYear 1918 ⓘ
influencedBy economic analysis of competition ⓘ
keyQuestion whether the challenged restraint unreasonably restrains trade ⓘ
legalSystem common law ⓘ
notAppliedTo hardcore cartels under per se rule ⓘ
originatedInCase Standard Oil Co. of New Jersey v. United States ⓘ
originatedInCaseYear 1911 ⓘ
purpose to determine whether a restraint unreasonably restricts competition ⓘ
relatedConcept consumer welfare standard ⓘ
rule of reason analysis ⓘ
requires balancing of competitive harms and benefits ⓘ
case-by-case analysis ⓘ
fact-intensive inquiry ⓘ
requiresProofOf actual or likely anticompetitive effects ⓘ
scope broad ⓘ
standardOfProof preponderance of the evidence ⓘ
usedIn antitrust law ⓘ
usedInJurisdiction United States ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Standard Oil Co. of New Jersey v. United States → introducedDoctrine → rule of reason ⓘ