Jonathan Sallet: Competitive Edge: Five Building Blocks for Antitrust Success: The Forthcoming FTC Competition Report https://equitablegrowth.org/competitive-edge-five-building-blocks-for-antitrust-success-the-forthcoming-ftc-competition-report/: "Here are five building blocks for successful antitrust enforcement that the FTC should embrace in order to, as its Chairman Joseph Simons said (quoting his predecessor Bob Pitofsky), 'restore the tradition of linking law enforcement with a continuing review of economic conditions to ensure that the laws make sense in light of contemporary competitive conditions'.... Pay attention to growing market concentration.... Business models are evolving... today, multisided business models intersect with other economic trends that include network effects, the aggregation of data, and vertical integration.... Antitrust enforcement protects competition, not just consumers.... Modern economic analysis is up to the challenge.... Congress gave the FTC broader enforcement tools than just the Sherman and Clayton Acts...
#noted #2019-10-27
