Aaron Edlin specializes in antitrust economics and antitrust law, and is the
co-founder of the Berkeley Electronic Press. He holds the Richard Jennings Chair and
professorships in both the economics department and law school at UC Berkeley and is a
Research Associate at the National Bureau of Economic Research. He served on the Obama
campaign’s competition policy committee, and as Senior Economist at the Council of
Economic Advisers in the Clinton White House covering industrial organization, regulation
and antitrust. He is co-author with P. Areeda & L. Kaplow of one of the leading
casebooks on antitrust; he has also published many articles on industrial organization,
competition policy, antitrust law, and a variety of other issues in economics, law and
public policy in leading journals including the American Economic Review, Econometrica,
Journal of Political Economy, Harvard Law Review, and Yale Law Journal. He has been a
visiting professor or researcher at Stanford, Yale, Harvard, Columbia, and Georgetown. He
received tenure at UC Berkeley, 1997, his Ph.D. and J.D. from Stanford, 1993; AB Summa
Cum Laude from Princeton, 1988. 

Antitrust, Industrial Organization, and Competition Policy

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Professors Update 2014, Antitrust Analysis, 7th ed. (with Scott Hemphill and Louis Kaplow) (2014)

Professors Update for Antitrust Analysis, 7th edition

 

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Cartels by Another Name: Should Licensed Occupations Face Antitrust Scrutiny? (with Rebecca Haw), University of Pennsylvania Law Review (2014)

It has been over a hundred years since George Bernard Shaw wrote that “[a]ll professions...

 

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Actavis and Error Costs (with Scott Hemphill, Herbert Hovenkamp, and Carl Shapiro) (2014)

The Supreme Court’s opinion in Federal Trade Commission v. Actavis, Inc. provided fundamental guidance about...

 

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The Role of Switching Costs in Antitrust Analysis: A Comparison of Microsoft and Google (with Robert Harris), Yale Journal of Law and Technology (2013)
 

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Activating Actavis (with Scott Hemphill, Herbert Hovenkamp, and Carl Shapiro), Antitrust (2013)

This article is an effort to help courts and counsel fill in the gaps in...

 

Contract Law and Contract Theory

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Optimal Penalties in Contracts (with Alan Schwartz), Chicago-Kent Law Review (2003)

Reviews the literature on breach of contract and contract penalties and presents in a coherent...

 

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Implementing the First Best in an Agency Relationship with Renegotiation: A Corrigendum (with Benjamin Hermalin), Econometrica (2001)

The proof in Proposition 4 in Hermalin and Katz (1991) is incorrect because it fails...

 

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Contract Renegotiation and Options in Agency Problems (with Benjamin E. Hermalin), Journal of Law, Economics and Organization (2000)

This article discusses the ability of an agent and a principal to achieve the first-best...

 

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Market-based Transfer Prices and Intracompany Discounts (with Tim Baldenius and Stefan Reichelstein) (1999)
 

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Holdups, Standard Breach Remedies, and Optimal Investment (with Stefan J. Reichelstein), American Economic Review (1996)

In bilateral trading problems, the parties may be hesitant to make relationship-specific investments without adequate...

 

Economic Theory

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Voting as a Rational Choice: Why and How People Vote to Improve the Well-Being of Others (with Andrew Gelman and Noah Kaplan), Rationality and Society (2007)

For voters with "social" preferences, the expected utility of voting is approximately independent of the...

 

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Mixed Equilibria are Unstable in Games of Strategic Complements (with Federico Echenique), Journal of Economic Theory (2004)

In games with strict strategic complementaries, properly mixed Nash equilibria - equilibria that are not...

 

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Forward Discount Bias, Nalebuff's Envelope Puzzle, and the Siegel Paradox in Foreign Exchange, Topics in Theoretical Economics (2002)

The bias of forward exchange rates as a predictor of future spot rates is typically...

 

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Implementing the First Best in an Agency Relationship with Renegotiation: A Corrigendum (with Benjamin Hermalin), Econometrica (2001)

The proof in Proposition 4 in Hermalin and Katz (1991) is incorrect because it fails...

 

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Contract Renegotiation and Options in Agency Problems (with Benjamin E. Hermalin), Journal of Law, Economics and Organization (2000)

This article discusses the ability of an agent and a principal to achieve the first-best...

 

Auto Insurance and Auto Accidents

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Externalities and Pay as You Drive Auto Insurance, California Department of Insurance Workshop on Pay-As-You-Drive Auto Insurance (2008)

Externalities from Auto Accidents and Auto Driving justify mandates of Pay-As-You-Drive Auto Insurance.

 

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The Accident Externality from Driving (with Pinar Karaca Mandic), Journal of Political Economy (2006)

We estimate auto accident externalities (more specifically insurance externalities) using panel data on state-average insurance...

 

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Per-Mile Premiums for Auto Insurance, Economics for an Imperfect World: Essays In Honor of Joseph Stiglitz (2003)
 

Law and Economics

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Freedom to Trade and the Competitive Process (with Joseph Farrell), Oxford Handbook of International Antitrust Economics (2013)

Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that...

 

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Predatory Pricing, Research Handbook on Economics of Antitrust (2012)

Judge Breyer famously worried that aggressive prohibitions of predatory pricing throw away a bird in...

 

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Proposed Horizontal Merger Guidelines: Economists’ Comment (with Michael R. Baye, Richard J. Gilbert, Jerry A. Hausman, Daniel L. Rubinfeld, Steven C. Salop, Richard L. Schmalensee, and Joshua D. Wright) (2010)
 

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What is The Probability Your Vote will Make a Difference? (with Andrew Gelman and Nate Silver), Economic Inquiry (2009)

One of the reasonable motivations for voting is that one vote can make a difference,...

 

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Vote for Charity's Sake (with Andrew Gelman and Noah Kaplan), The Economists' Voice (2008)

In a battleground state like Colorado or New Mexico, voting in the presidential election may...

 

International Economics

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Forward Discount Bias, Nalebuff's Envelope Puzzle, and the Siegel Paradox in Foreign Exchange, Topics in Theoretical Economics (2002)

The bias of forward exchange rates as a predictor of future spot rates is typically...

 

Public Finance/Public Economies

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What is The Probability Your Vote will Make a Difference? (with Andrew Gelman and Nate Silver), Economic Inquiry (2009)

One of the reasonable motivations for voting is that one vote can make a difference,...

 

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Vote for Charity's Sake (with Andrew Gelman and Noah Kaplan), The Economists' Voice (2008)

In a battleground state like Colorado or New Mexico, voting in the presidential election may...

 

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Voting as a Rational Choice: Why and How People Vote to Improve the Well-Being of Others (with Andrew Gelman and Noah Kaplan), Rationality and Society (2007)

For voters with "social" preferences, the expected utility of voting is approximately independent of the...

 

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The Accident Externality from Driving (with Pinar Karaca Mandic), Journal of Political Economy (2006)

We estimate auto accident externalities (more specifically insurance externalities) using panel data on state-average insurance...

 

Op-Eds

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Don't Tax the Rich, Tax Inequality, New York Times (2011)

A Brandeis tax can stop inequality in its tracks.

 

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It Works for Mergers, Why not Finance (with Richard J. Gilbert), The Economist's Voice (2010)
 

Link

Can Immigrants Solve Our Health Care Problems? (with Dana Goldman), New York Times (2010)

If 30 million more people get health insurance, who will take care of them? Unless...

 

Link

UC System: Layoffs, not Pay Cuts, Los Angeles Times (2009)

Should a firm that hits tough times cut salaries or jobs?

 

Dr. StrangeLoan: or How I Learned to Stop Worrying and Love the Financial Collapse, The Economists' Voice (2009)

Last week, on Wednesday September 17, 2008, the Bush Administration almost stumbled upon a way...

 

Torts

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Per-Mile Premiums for Auto Insurance, Economics for an Imperfect World: Essays In Honor of Joseph Stiglitz (2003)
 

OpenURL

The New Palgrave: Surveying Two Waves of Economic Analysis of Law, American Law and Economics Review (2000)
 

Due Care, The New Palgrave Dictionary of Economics and the Law (1998)
 

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