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Welcome to the Voluntary Trade Council

The Voluntary Trade Council is a research center dedicated to antitrust and competition regulation. Working in the tradition of the Austrian School of economics, VTC offers free-market criticism of the Federal Trade Commission, the Department of Justice and other agencies that intervene to prevent the voluntary exchange of goods, services and ideas.

Microsoft-Yahoo!

Alex Epstein, an analyst at the Ayn Rand Institute, has published an op-ed explaining why antitrust regulators should not get in the way of any potential combinations of Microsoft, Google and Yahoo! Esptein notes, "What we are observing in the battle over Yahoo! is not genuine, merit-based competition, but competition based on political pull." You can read Epstein's article, "Set Yahoo! Free," at this link.

PATENT HOLD UP

Bruce Kobayashi and Joshua Wright of George Mason University recently posted an article examining "restraint when applying the antitrust laws to conduct that is normally regulated by state and other federal laws," specifcially the use of antitrust "to regulate the problem of patent hold up of members of standard setting organizations." You can download their paper at this link.

Mises.org

S.M. Oliva, president of the Voluntary Trade Council, authored an article for the Ludwig von Mises Institute on Mark and Marianne Hershiser's landmark First Amendment lawsuit against the Federal Trade Commission. You can read the article, "Consumer Protection or Legal Extortion?" at this link.

IP & Antitrust

Damien Geradin, a professor at Tilburg University and a partner at Howrey LLP, recently presented a paper entitled, "What's Wrong with Royalties in High Technology Industries?" which focuses on royalties paid by companies seeking to implement industry standards, such as those at issue in the FTC's case against Rambus. You can dowload the paper at this link.

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Justice Dept/Federal Trade Commission
Kavanaugh Blasts Whole Foods Decision PDF Print E-mail
Written by VoluntaryTrade.org Staff   
Tuesday, 29 July 2008 19:05

Judge Brett M. Kavanaugh of the U.S. Court of Appeals for the District of Columbia Circuit issued a blistering dissent today in Federal Trade Commission v. Whole Foods Market, Inc., dismissing the FTC's case and the majority opinion as "a relic of a bygone era when antitrust law was divorced from basic economic principles." Kavanaugh's dissent sends a strong signal that the full D.C. Circuit should review the divided panel decision -- and ultimately land the case before the U.S. Supreme Court.

Last Updated ( Tuesday, 29 July 2008 20:25 )
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DOJ, FBI Tackle "Big Ice" PDF Print E-mail
Written by Skip Oliva   
Wednesday, 18 June 2008 18:58

Ice is more then frozen water. It’s the centerpiece of the antitrust community’s latest assault on the market. The Department of Justice announced today that one of the largest sellers of packaged ice has pleaded guilty to “conspiracy” in connection with a criminal antitrust investigation of the industry. Class action lawyers are not far behind, using earlier reports of the DOJ and FBI’s investigation to file civil complaints against a number of packaged ice companies.

Last Updated ( Wednesday, 18 June 2008 19:02 )
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DOJ Gets Free Pass on Micron Kickback PDF Print E-mail
Written by Skip Oliva   
Tuesday, 03 June 2008 11:27

Class-action attorneys Melvyn Weiss and William Lerach were recently sentenced to prison because they paid "kickbacks" to lead plaintiffs in class actions where Weiss or Lerach's firm served as lead counsel. Tort reform advocates applauded the Department of Justice, which prosecuted Weiss and Lerach, for standing up against the abusive practices of the civil plaintiff's bar. But while the two lawyers languish in prison, the DOJ's Antitrust Division continues to operate its own kickback scheme free from the prying eyes of the courts and the general public.

Last Updated ( Tuesday, 10 June 2008 11:09 )
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Rosch Defends Actions in Inova Case PDF Print E-mail
Written by Skip Oliva   
Monday, 02 June 2008 19:27

Federal Trade Commissioner J. Thomas Rosch vowed to stay on as trial judge in the FTC's administrative case against the Inova Health System-Prince William Health System (PWHS) merger, despite new allegations from the hospitals' lawyers--which includes a former FTC chairman--that Rosch "participated in the underlying two-year investigation that preceded the filing of the complaint."

Last Updated ( Monday, 02 June 2008 20:47 )
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FTC Decisions Since 1996 PDF Print E-mail
Written by VoluntaryTrade.org Staff   
Sunday, 25 May 2008 14:40

The Voluntary Trade Council has published an updated chart of adjudicated decisions in Federal Trade Commission cases since 1996. The chart tracks initial decisions made by the FTC's administrative law judges, the final decisions made by the FTC and the results of any appeals to the Article III courts.

Last Updated ( Sunday, 25 May 2008 14:49 )
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Suggested Reading

Antitrust: The Case for Repeal
Dominick T. Armentano
2nd ed. 1999
Purchase from Mises.org

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Markets Don't Fail!
Brian P. Simpson
2005
Purchase
from Amazon

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The Antitrust Religion
Edwin S. Rockefeller
2007
Purchase from Cato.org
Read the review

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Winners, Losers & Microsoft
Liebowitz & Margolis
1999
Purchase from Independent Institute

 

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