Publius Valerius: Indeed. I'm surprised the first suit got thrown out. I recall reading this a year or two ago and thought that the students had a pretty solid case.But, of course, cases like this just go to show why antitrust laws are stupid. Repeal has been long overdue, and unfortuntely Congress won't do the job. Antitrust has a nice PR machine.
clee1:
1) It is NO business of UW's or Chancellor Wiley's what the students do off campus.2) By agreeing amongst themselves not to offer specials, they have committed unlawful collusion that effectively results in price fixing.
The University should devote more effort to education and less to social engineering, and bar owners should try to sell more drinks. Period.
Personally I think there’s a place for antitrust legislation, imo collusion on pricing is a good example.
This seems to be a classic case, perfect for Econ 101. The only thing I don’t understand is why Chancellor Wiley and the University aren’t among the defendents.
Looks like everybody loses.
Looks like everybody loses.