The Journal of Law & Economics, Volume 3

action Adam Smith agreement amount antitrust arbitration Berle bulbs buyers cartel cattle cattle-raiser caused cease and desist cent common law compensation competitors confectioner consumers cost justification courts crop customers damage desist order distributors economic economists employment example factors factors of production faire doctrine farmer favored firm freedom harmful effects herd high wage increase individual industry injury to competition labor laissez faire land legislation liable low wage lower price manufacturer market transactions ment minimum wage monopoly power nomic nuisance output payment perfect competition Pigou price discrimination problem profits Public Control Act purchasers quantity discounts quit rate railway reason resale price maintenance responsibility result retailers Robinson-Patman Robinson-Patman Act Roman law sell seller smoke social special services stockholders supra tion trade transit operators union power United value of production wage counties wage rates welfare