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Brief of Amici Curiae Economists in Support of Petitioners, Bell Atlantic V. Twombly


William J. Baumol


New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies; Leonard N. Stern School of Business - Department of Economics

Michael J. Boskin


Stanford University - The Hoover Institution on War, Revolution and Peace; National Bureau of Economic Research (NBER)

Robert W. Crandall


Brookings Institution; AEI-Brookings Joint Center for Regulatory Studies

Kenneth G. Elzinga


University of Virginia - Department of Economics

David S. Evans


University of Chicago Law School; University College London; Global Economics Group

Gerald R. Faulhaber


University of Pennsylvania - Wharton School

Franklin M. Fisher


Massachusetts Institute of Technology (MIT) - Department of Economics

Luke Froeb


Vanderbilt University - Strategy and Business Economics

Richard Gilbert


University of California, Berkeley - Department of Economics

Paul L. Joskow


Alfred P. Sloan Foundation; Massachusetts Institute of Technology (MIT) - Department of Economics

Michael L. Katz


University of California, Berkeley - Economic Analysis & Policy Group

Paul R. Milgrom


Stanford University

Thomas G. Moore


affiliation not provided to SSRN

Janusz A. Ordover


New York University (NYU) - Department of Economics

Robert H. Porter


Northwestern University - Department of Economics; National Bureau of Economic Research (NBER)

Frederic M. Scherer


Harvard University - Harvard Kennedy School (HKS)

Richard Schmalensee


Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)

Marius Schwartz


Georgetown University

David S. Sibley


University of Texas at Austin - Department of Economics

Vernon L. Smith


Chapman University - Economic Science Institute; Chapman University School of Law

Edward A. Snyder


University of Chicago - Booth School of Business

A. Michael Spence


Stanford Graduate School of Business

Pablo T. Spiller


University of California, Berkeley - Business & Public Policy Group

Alan O. Sykes


New York University School of Law; Stanford University - Law School

David Teece


University of California, Berkeley - Business & Public Policy Group

Michael D. Whinston


Northwestern University - Department of Economics; National Bureau of Economic Research (NBER)
April 6, 2006


Abstract:     
The "parallel behavior is enough" standard cannot assist the courts in distinguishing horizontal agreements to restrain trade from normal competition. It would very likely impose significant costs on the economy by distorting competitive incentives and encouraging meritless litigation designed mainly to induce financial settlements.

Number of Pages in PDF File: 30

Keywords: Twombly, Bell Atlantic, Bell Atlantic v Twombly, Amici Curiae, Sherman Section 1

JEL Classification: K21, L41, L42

working papers series


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Date posted: January 21, 2009  

Suggested Citation

Baumol, William J., Boskin, Michael J., Crandall, Robert W., Elzinga, Kenneth G., Evans, David S., Faulhaber, Gerald R., Fisher, Franklin M., Froeb, Luke M., Gilbert, Richard J., Joskow, Paul L., Katz, Michael L., Milgrom, Paul R., Moore, Thomas G., Ordover, Janusz A., Porter, Robert H., Scherer, Frederic M., Schmalensee, Richard, Schwartz, Marius, Sibley, David S., Smith, Vernon L., Snyder, Edward A., Spence, A. Michael, Spiller, Pablo T., Sykes, Alan O., Teece, David J. and Whinston, Michael D., Brief of Amici Curiae Economists in Support of Petitioners, Bell Atlantic V. Twombly (April 6, 2006). Available at SSRN: http://ssrn.com/abstract=1330591 or http://dx.doi.org/10.2139/ssrn.1330591

Contact Information

William J. Baumol
New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies ( email )
New York, NY
United States
212-998-8943 (Phone)
212-995-3932 (Fax)
Leonard N. Stern School of Business - Department of Economics
269 Mercer Street
New York, NY 10003
United States
Michael J. Boskin
Stanford University - The Hoover Institution on War, Revolution and Peace ( email )
Stanford, CA 94305-6010
United States
(650) 723-6482 (Phone)
(650) 723-6494 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Robert Crandall
Brookings Institution ( email )
1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States
202-797-6291 (Phone)
202-797-6181 (Fax)
AEI-Brookings Joint Center for Regulatory Studies
1150 17th Street, N.W.
Washington, DC 20036
United States
Kenneth G. Elzinga
University of Virginia - Department of Economics ( email )
PO Box 400182
Charlottesville, VA 22904-4182
United States
David S. Evans (Contact Author)
University of Chicago Law School ( email )
1111 E. 60th St.
Chicago, IL 60637
United States
University College London ( email )
London WC1E OEG
United Kingdom
Global Economics Group ( email )
1400 S. Dearborn, Suite 400
Chicago, IL 60603
United States
Gerald R. Faulhaber
University of Pennsylvania - Wharton School ( email )
Steinberg-Dietrich Hall
Suite 1400
Philadelphia, PA 19104-6372
United States
215-898-7860 (Phone)

Franklin M. Fisher
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
E52-391
Cambridge, MA 02142
United States
617-253-3373 (Phone)
617-253-4096 (Fax)
HOME PAGE: http://web.mit.edu/ffisher/www
Luke M. Froeb
Vanderbilt University - Strategy and Business Economics ( email )
Nashville, TN 37203
United States
615-322-9057 (Phone)
615-343-7177 (Fax)

Richard J. Gilbert
University of California, Berkeley - Department of Economics ( email )
549 Evans Hall #3880
Berkeley, CA 94720-3880
United States
Paul L. Joskow
Alfred P. Sloan Foundation ( email )
630 Fifth Avenue
Suite 2550
New York, NY 10111
United States
212-649-1649 (Phone)
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
E52-373A
Cambridge, MA 02142
United States
617-253-6664 (Phone)
617-258-7070 (Fax)
Michael Louis Katz
University of California, Berkeley - Economic Analysis & Policy Group ( email )
Berkeley, CA 94720
United States
Paul R. Milgrom
Stanford University ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
+1-650-723-3397 (Phone)
+1-419-791-8545 (Fax)
HOME PAGE: www.milgrom.net
Thomas G. Moore
affiliation not provided to SSRN
Janusz A. Ordover
New York University (NYU) - Department of Economics ( email )
269 Mercer Street, 7th Floor
New York, NY 10011
United States
Robert H. Porter
Northwestern University - Department of Economics ( email )
2003 Sheridan Road
Evanston, IL 60208
United States
847-491-3491 (Phone)
847-491-7001 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Frederic M. Scherer
Harvard University - Harvard Kennedy School (HKS) ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-495-1154 (Phone)
617-496-0063 (Fax)
Richard Schmalensee
Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )
Room E52-410
Cambridge, MA 02142
United States
617-253-2957 (Phone)
617-258-6617 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Marius Schwartz
Georgetown University ( email )
Washington, DC 20057
United States
202-678-6112 (Phone)
David S. Sibley
University of Texas at Austin - Department of Economics ( email )
Austin, TX 78712
United States
Vernon L. Smith
Chapman University - Economic Science Institute ( email )
One University Dr.
Orange, CA 92866
United States
714-628-2830 (Phone)
Chapman University School of Law ( email )
One University Drive
Orange, CA 92866-1099
United States
Edward (Ted) A. Snyder
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
A. Michael Spence
Stanford Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States

Pablo T. Spiller
University of California, Berkeley - Business & Public Policy Group ( email )
545 Student Services Building
Berkeley, CA 94720
United States
510-642-1502 (Phone)
510-642-2826 (Fax)
Alan O'Neil Sykes
New York University School of Law ( email )
40 Washington Square South
New York, NY 10012-1099
United States
Stanford University - Law School ( email )
559 Nathan Abbott Way
Stanford, CA 94305-8610
United States
David J. Teece
University of California, Berkeley - Business & Public Policy Group ( email )
545 Student Services Building
Berkeley, CA 94720
United States
(510) 647-1075 (Phone)
Michael D. Whinston
Northwestern University - Department of Economics ( email )
2003 Sheridan Road
Evanston, IL 60208
United States
312-491-8260 (Phone)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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