April 19, 2008 The Enduring Lessons of the Breakup of AT&T;: A Twenty-Five Year Retrospective Panel: Regulation by Consent Decree: Lessons for Microsoft and Beyond Commentators have long debated the efficacy of consent decrees. Some have focused on the relative merits of structural and behavioral relief. Others have suggested that consent decrees represent a way for defendants to evade liability even when they have violated the antitrust laws. Still others suggest that consent decrees allow the government to impose liability even when no antitrust violation has occurred. Other scholars have begun to study whether the choice between litigation and settlement affects substantive outcomes. This panel will use the consent decrees settling the AT&T; and the Microsoft litigation as a lens to explore all sides of these debates. Panelists Richard A. Epstein (James Parker Hall Distinguished Service Professor of Law, University of Chicago) Daniel L. Rubinfeld (Robert L. Bridges Professor of Law and Economics, University of California at Berkeley) Philip J. Weiser (Professor of Law, University of Colorado) Robert W. Crandall (Senior Fellow, Economic Studies, Brookings Institution) Moderator: Luke M. Froeb (William C. Oehmig Associate Professor in Entrepreneurship and Free Enterprise, Vanderbilt University)

• published: 07 Feb 2014
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