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Freedom to Trade and the Competitive Process / Aaron Edlin, Joseph Farrell.
- Format:
- Book
- Author/Creator:
- Edlin, Aaron.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16818.
- NBER working paper series no. w16818
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- 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.
- Notes:
- Print version record
- February 2011.
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