Several recent papers argue that price-matching policies raise equilibrium prices. We add to this literature by considering potential welfare losses, which have two sources: Harberger triangles from high prices and Posner rectangles from over-entry. We compare price-matching markets with entry...

Several recent papers argue that price matching policies raise equilibrium prices. We add to this literature by considering potential welfare losses, which have two sources: Harberger triangles from high prices and Posner rectangles from over-entry. We compare markets with price matching and...

The author argues for using the total welfare standard, rather than the more commonly employed consumer welfare standard. In doing so, Heyer responds to three broad objections that have been raised. Ken Heyer (Federal Trade Commission)

How have the revised Horizontal Merger Guidelines affected welfare standards in merger analysis? Ken Heyer (Federal Trade Commission)

This paper covers the activities of the Economic Analysis Group (EAG), during 2004–2005. It describes the economic analysis undertaken by EAG in several important investigations, appellate matters, and other activities as an advocate for competition. Copyright Springer 2005

This paper covers the activities of the Economic Analysis Group (EAG) of the Antitrust Division, U.S. Department of Justice, during 2005–2006. It describes the economic analysis undertaken by EAG in several important investigations, appellate matters, and other activities as an advocate for...