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

30 Pages Posted: 21 Jan 2009

See all articles by William J. Baumol

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

Global Economics Group; University College London

Gerald R. Faulhaber

University of Pennsylvania - Wharton School

Franklin M. Fisher

Massachusetts Institute of Technology (MIT) - Department of Economics

Luke M. Froeb

Vanderbilt University - Owen Graduate School of Management

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

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 Sykes

Stanford University - Law School

David Teece

Institute for Business Innovation

Michael D. Whinston

Sloan School of Management and Department of Economics

Date Written: 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.

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

JEL Classification: K21, L41, L42

Suggested Citation

Baumol, William J. and Boskin, Michael J. and Crandall, Robert and Elzinga, Kenneth G. and Evans, David S. and Faulhaber, Gerald R. and Fisher, Franklin M. and Froeb, Luke M. and Gilbert, Richard J. and Joskow, Paul L. and Katz, Michael Louis and Milgrom, Paul R. and Moore, Thomas G. and Ordover, Janusz A. and Porter, Robert H. and Scherer, Frederic M. and Schmalensee, Richard and Schwartz, Marius and Sibley, David S. and Smith, Vernon L. and Snyder, Edward (Ted) A. and Spence, A. Michael and Spiller, Pablo T. and Sykes, Alan and 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: https://ssrn.com/abstract=1330591 or http://dx.doi.org/10.2139/ssrn.1330591

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)

Global Economics Group ( email )

111 Devonshire St.
Suite 900
Boston, MA 02108
United States

University College London ( email )

Gower St
London WC1E OEG, WC1E 6BT
United Kingdom

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
617-864-3752 (Phone)

HOME PAGE: http://web.mit.edu/ffisher/www

Luke M. Froeb

Vanderbilt University - Owen Graduate School of Management ( email )

401 21st Avenue South
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 E62-525
Cambridge, MA 02142
United States
617-253-2957 (Phone)
617-258-6617 (Fax)

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 )

655 Knight 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 Sykes

Stanford University - Law School ( email )

559 Nathan Abbott Way
Stanford, CA 94305-8610
United States

David J. Teece

Institute for Business Innovation ( email )

F402 Haas School of Business, #1930
Berkeley, CA 94720-1930
United States
(510) 642-4041 (Phone)

Michael D. Whinston

Sloan School of Management and Department of Economics ( email )

100 Main Street
E62-416
Cambridge, MA 02142
United States

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