Briefing
Still on Trial? The Court’s Use of Economic Analysis in the American Express Case
Abstract: In a 2018 antitrust case, the Supreme Court ruled that American Express did not break federal laws in prohibiting merchants from steering consumers to alternative payment methods. However, some antitrust scholars disagree with how the court defined the relevant market and determined anticompetitive effects, and are concerned that the decision will make it more difficult to bring antitrust cases against payment platforms in the future.
Keywords: Payments; Amex; American Express Company;
JEL Classification: G23;
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https://www.kansascityfed.org/documents/7582/psrb20manifftoh0401.pdf
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Payments System Research Briefing
Publication Date: 2020-04-01
Pages: 7