The purpose of this chapter is to consider whether the Christian faith has a nexus with the institution of antitrust. It turns out it doesn’t – and it does. For example, Christianity cannot explain why the Herfindahl–Hirschman Index is superior to the four-firm concentration ratio as a measure of industry concentration. Economics can. On the other hand, economics cannot explain why the per se rule against price-fixing is morally appropriate. The Bible can.
Publication Information & Recommended Citation
Elzinga, Kenneth G. "Christianity and Antitrust." In Christianity and Market Regulation: An Introduction, 74-100. Cambridge: Cambridge University Press, 2021.