Abstract

http://ssrn.com/abstract=1761581
 
 

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Freedom to Trade and the Competitive Process


Aaron S. Edlin


University of California at Berkeley; National Bureau of Economic Research (NBER)

Joseph Farrell


University of California, Berkeley - Department of Economics

February 8, 2011

UC Berkeley Public Law Research Paper No. 1761581

Abstract:     
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be seen as prohibiting firms’ attempts to restrain improving trade between their rivals and customers. In this way, antitrust protects firms’ and customers’ freedom to trade to their mutual betterment.

Number of Pages in PDF File: 10

Keywords: Antitrust, Industrial Organization, Competition Policy, Law and Economics, Trade Regulation, Trade Restraints, Monopoly

JEL Classification: D2, D4, K2, L2,L4, L5, M2

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Date posted: February 15, 2011  

Suggested Citation

Edlin, Aaron S. and Farrell, Joseph, Freedom to Trade and the Competitive Process (February 8, 2011). UC Berkeley Public Law Research Paper No. 1761581. Available at SSRN: http://ssrn.com/abstract=1761581 or http://dx.doi.org/10.2139/ssrn.1761581

Contact Information

Aaron S. Edlin (Contact Author)
University of California at Berkeley ( email )
Dept of Economics 549 Evans Hall #3880
Berkeley, CA 94720
United States
510-642-4719 (Phone)
510-643-0413 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Joseph Farrell
University of California, Berkeley - Department of Economics ( email )
549 Evans Hall #3880
Berkeley, CA 94720-3880
United States
510-642-9854 (Phone)
510-642-6615 (Fax)
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