antitrust and competition
Eleanor Fox: A Slice of Forgotten History and Its Light on the Future – Changing the Lens on Antitrust
Eleanor Fox provides her round-one comments on the draft Merger Guidelines.
To read more from the ProMarket Merger Guidelines Symposium, please see here.
Why Does the FTC Continue To Pursue Losing Cases?
The Federal Trade Commission has recently lost a series of cases seeking to prevent Big Tech mergers and acquisitions. Jay Ezrielev offers several possible explanations for why the FTC continues to pursue these bad cases and suggests how the agency can refocus its energies to better serve its mission to protect competition going forward.
Cory S. Capps and Leemore Dafny: A Conversation on the Draft Merger Guidelines
Cory S. Capps and Leemore Dafny provide their round-one comments on the draft Merger Guidelines.
Carl Shapiro: Why Dropping Market Power from the Merger Guidelines Matters
Carl Shapiro provides his round-one comments on the draft Merger Guidelines.
The Problem with Political Antitrust
In new research, Nolan McCarty and Sepehr Shahshahani find that, contrary to the concerns of Neo-Brandeisians, Market et power does not correlate with political power via outsized lobbying.
Dennis Carlton: Have the Draft Guidelines Demoted Economics?
Dennis Carlton provides his round-one comments on the draft Merger Guidelines.
European Digital Platform Regulation Risks Undermining Itself with Over-Centralization
Recent European digital regulation surrenders traditional key guideposts of European competition law and policy. The over-centralization of European Union antitrust authority and EU legislation risks undermining member state laws and competences. This may privilege platforms and eventually harm competition and consumers, writes Jörg Hoffmann.
Brazil’s CADE Demonstrates How Antitrust Authorities Can Pursue Sustainability Goals
Antitrust scholars and authorities are debating how antitrust can and should align with green sustainability initiatives. A recent ruling from Brazil’s antitrust authority, the Administrative Council for Economic Defense, in approving the launch of a commercial platform for agricultural commodity traders to track global supply chain sustainability metrics, presents one case study on how to advance sustainability goals without compromising competition.
Randy Picker: Understanding Firm Entry and the Internal Growth Presumption in the Draft Merger Guidelines
Randy Picker provides his round-one comments on the draft Merger Guidelines.
Firm Consolidations Hurt Workers, But Likely Not Because of Market Power
In new research, Sabien Dobbelaere, Grace McCormack, Daniel Prinz, and Sándor Sóvágó find that mergers negatively impact labor market outcomes. Mergers result in job losses, and the earnings of workers who lose their jobs don’t recover for several years on average. The authors find these negative consequences are more likely attributable to the restructuring of labor forces than subsequent firm market power.
