Economics and economists today play an active role in merger antitrust enforcement in the United States. Both of the federal antitrust agencies – the Antitrust Division of the US Department of Justice (DOJ) and the Federal Trade Commission (FTC) – that are responsible for merger enforcement...

This paper studies the pricing of assets and core deposits of insolvent banks that are sold under the purchase and assumption resolution method of the Federal Deposit Insurance Corporation (FDIC). We analyze 620 acquisitions of solvent and insolvent U.S. banks between 2007:Q1 and 2016:Q3 and...

The DOJ and FTC monopolization cases against Google and Facebook, respectively, represent the most important federal non-merger antitrust initiatives since (at least) the 1990s. As in any monopolization case, market delineation will be a central feature of both cases – as it was in the du Pont...

This essay lays out the basics of the “too-big-to-fail” (TBTF) phenomenon: What it means; why it is a problem; the central role that TBTF financial institutions played in the financial crisis of 2008; and why better prudential regulation than was present prior to 2008 is needed for the future

"This book is a collection of 18 essays that discuss recent major competition policy cases in both the United States and Europe covering mergers, monopolistic practices, and price fixing over the last years."