The American Express Case: Public Good or Monopoly? | Zendy

Gerald P. O’Driscoll | Zendy

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The American Express Case: Public Good or Monopoly?

Author(s) -

Gerald P. O’Driscoll

Publication year - 1976

Publication title -

the journal of law and economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.42

H-Index - 81

eISSN - 1537-5285

pISSN - 0022-2186

DOI - 10.1086/466860

Subject(s) - monopoly , download , cash , credit card , political science , economics , law , library science , law and economics , payment , finance , computer science , market economy , operating system

ON February 20, 1974 a civil complaint for declarative and injunctive relief was filed by Consumers Union and one Linda Blitz against the American Express Company and the U.S. Shoe Retail Corporation under section 1 of the Sherman Act.1 American Express and U.S. Shoe Retail were charged with being in restraint of trade. Specifically the companies were charged with being parties to a "restrictive contract," which "eliminates price competition in the sale of goods and services to cash customers and credit card customers . .. . ," and with imposing a tie-in sale. The provision of the contract to which objection was made read as follows:

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