More About Antitrust Law and Horizontal Agreements Between Automakers to Reduce Emissions
Yesterday, I sent my post on the antitrust implications of an agreement between BMW, Ford, Honda, Volkswagen, and the State of California to John Newman, my former Antitrust Law professor to whose recent column in The Atlantic on the agreement I was critiquing, and he graciously responded. As I said initially, I was pretty sure the conclusion in John’s syllogism was correct, but I stand by my claims that mere altruism isn’t (and shouldn’t be) what controls when it comes to measuring the impact of anti-competitive conduct on consumer welfare. (Keep reading)