Just Because an Altruistic Motive Animates a Horizontal Agreement Between Competitors Doesn’t Mean That the Agreement Promotes Consumer Welfare
One of my former law professors is undoubtedly correct in his positive statements of antitrust law. Where I part ways with him in considering whether it should apply to an agreement between BMW, Ford, Honda, Volkswagen, and California to develop greener cars is that I am not persuaded that the agreement will promote consumer welfare. (Keep reading)