100 Years of Standard Oil

Friday, June 3, 2011

The Jacob Burns Moot Court Room
The George Washington University Law School
2000 H Street NW, Washington, DC  20052

With the recent 100th anniversary of the United States Supreme Court's decision in Standard Oil v. United States, learn about  the case that transformed antitrust law, shaped thinking about government regulation, and had a major effect on the American economy. The conference will focus on the historical and contemporary antitrust implications of the decision.

Questions about the event can be sent to Sara Westfall at swestfall@law.gwu.edu.

Agenda

8:20-8:50 am
Registration and Continental Breakfast


8:50-9 am
Introductory Comments
Edward Swaine, Senior Associate Dean for Academic Affairs; Professor of Law; Director of the Competition Law Center, The George Washington University Law School


9-9:10 am
Introduction: The Importance of Antitrust History for the Study of Business
Margaret "Maggie" Levenstein, Executive Director, Michigan Census Research Data Center & Associate Research Scientist Institute for Social Research; Adjunct Associate Professor of Business Economics, University of Michigan


9-10:30 am
Session 1
Chair: Margaret "Maggie" Levenstein, Executive Director, Michigan Census Research Data Center & Associate Research Scientist Institute for Social Research; Adjunct Associate Professor of Business Economics, University of Michigan

The Economics of Standard Oil
Benjamin Klein, Professor Emeritus, UCLA

Standard Oil and Predatory Pricing
Christopher Leslie, Professor of Law, University of California at Irvine

Standard Oil in the American Antitrust Tradition
George Priest, Edward J. Phelps Professor of Law and Economics and Kauffman Distinguished Research Scholar in Law, Economics, and Entrepreneurship, Yale University


10:30-10:45 am
Break


10:45 am-12:15 pm
Session 2
Chair: Spencer Waller, Professor and Director, Institute for Consumer Antitrust Studies, Loyola University Chicago

Standard Oil & U.S. Steel
William Page, Senior Associate Dean for Academic Affairs, Marshall M. Criser Eminent Scholar, University of Florida

Standard Oil as Lochner's Trojan Horse: How the Most Maligned Decision in Constitutional Law Lives on in Antitrust's Rule of Reason
Alan Meese, Ball Professor of Law, College of William and Mary

Moving Beyond Characterization and Caricature: The Modern Rule of Reason in Practice
Andrew Gavil, Professor of Law, Howard University


12:15-1:15 pm
Lunch and Keynote Address
William Kovacic, E.K. Gubin Professor of Government Contracts Law, The George Washington University Law Schoool


1:15-3 pm
Session 3
Chair: Keith Hylton, The Honorable Paul J. Liacos Professor of Law, Boston University

What is Monopoly Power? Market Share Thresholds and the Conflation of Empirical Assessments and Legal Policy Judgements
Louis Kaplow, Finn M.W. Caspersen & Household Professor of Law and Economics, Associate Director John M. Olin Center for Law, Economics, and Business, Harvard University; Reseach Associate, National Bureau of Economic Research

Too Big to Exist
Barak Orbach, Associate Professor of Law, University of Arizona, and Grace Campbell, Law Clerk to the Honorable W. Scott Bales, Arizona Supreme Court

Remedies for Unlawful Monopolization from Standard Oil to Microsoft and Intel: From Elimination of Market Power to Regulation of Its Use
Peter Carstensen, George H. Young -Bascom Professor of Law, University of Wisconsin

Parallel Exclusion
C. Scott Hemphill, Professor of Law, Columbia University


3-3:15 pm
Break


3:15-4:15 pm
Session 4
Chair: Jonathan Baker, Professor of Law, American University

Were the Railroad Rebates Cost Justified?
Daniel Crane, Professor of Law, University of Michigan

Business Strategy and the Use of Private and Public Rights of Action by Competitors
Daniel Sokol, Assistant Professor of Law, University of Florida

Policy, Petroleum, and Politics at the Federal Trade Commission
Timothy Muris, George Mason University Foundation Professor of Law, George Mason University, and Bilal Sayyed, Partner, Kirkland & Ellis LLP


4:45-4:50 pm
Concluding Remarks
Barak Orbach, Associate Professor of Law, University of Arizona
Daniel Sokol, Assistant Professor of Law, University of Florida

 

 

 


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