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Still on Trial? The Court’s Use of Economic Analysis in the American Express Case

Author

Listed:
  • Jesse Leigh Maniff
  • Ying Lei Toh

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.

Suggested Citation

  • Jesse Leigh Maniff & Ying Lei Toh, 2020. "Still on Trial? The Court’s Use of Economic Analysis in the American Express Case," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-7, April.
  • Handle: RePEc:fip:fedkpb:87727
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    More about this item

    Keywords

    Payments; Amex; American Express Company;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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