- Consulting Editors
- List of Contributors
- Rationales for Antitrust: Economics and Other Bases
- Antitrust Enforcement Regimes: Fundamental Differences
- Economic Analysis of Antitrust Exemptions
- Healthcare Provider and Payer Markets
- International Antitrust Institutions
- Competition Policy in Public Choice Perspective
- Antitrust Settlements
- The Economics of Antitrust Class Actions
- Behavioral Economics and Antitrust
- Experimental Economics in Antitrust
- Optimal Antitrust Remedies: A Synthesis
- Private Antitrust Enforcement in the United States and the European Union: Standing and Antitrust Injury
- Freedom to Trade and the Competitive Process
- Monopoly and Dominant Firms: Antitrust Economics and Policy Approaches
- Market Definition
- Bilateral Monopoly: Economic Analysis and Antitrust Policy
- Antitrust, the Internet, and the Economics of Networks
- The Antitrust Analysis of Multisided Platform Businesses
- Efficiency Claims and Antitrust Enforcement
- Unilateral Effects
- Coordinated Effects: Evolution of Practice and Theory
- Buyer Power in Merger Review
- Vertical Mergers
Abstract and Keywords
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, this chapter explores 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.
Aaron Edlin, Richard Jennings Endowed Chair, Professor of Economics, Professor of Law, University of California – Berkeley.
Joe Farrell, Professor of Economics, University of California – Berkeley.
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