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In this comment, we primarily address the first question asked by the Commission (“The state of antitrust and consumer protection law and enforcement, and their development, since the Pitofsky hearings”). However, our comments also speak to several other questions. We do so in part through...
Persistent link: https://www.econbiz.de/10012870943
ICLE's comments argue that the petitions to deny fail to provide any compelling reason to adopt a presumption against this merger. To the contrary, there are good reasons to think that this transaction will benefit consumers and the economy.As ICLE scholars discuss in these comments, increased...
Persistent link: https://www.econbiz.de/10012870945
In our submission, we argue that competition policy in the digital economy should be based on sound, theoretical underpinnings and rigorous, evidence-based analysis, best encapsulated in the “law and economics” approach. Despite many expressed fears to the contrary, digital markets are not...
Persistent link: https://www.econbiz.de/10012870998
These comments were submitted to the FTC as part of its hearings on “Competition and Consumer Protection in the 21st Century.” As part of our comments, we note the timeliness of the hearings, given that, despite the vast social benefits generated by companies operating in the digital...
Persistent link: https://www.econbiz.de/10012871001
These comments were submitted to the FTC as part of its hearings on “Competition and Consumer Protection in the 21st Century.” In these comments, we analyze three overarching topics relevant for the regulation of data: (1) The role of privacy as an element of non-price competition; (2) The...
Persistent link: https://www.econbiz.de/10012871002
These comments were submitted to the FTC as part of its hearings on “Competition and Consumer Protection in the 21st Century.” In these comments, we note three high level points: (1) Antitrust policy must avoid the simplistic inference of competitive effects from market structure; (2) HHIs...
Persistent link: https://www.econbiz.de/10012871003
Since the original Pitofsky hearings, much has fundamentally changed in the way the firms do businesses. Yet, despite these rapid and fundamental shifts in technology and behavior, we still face many of the same policy challenges as existed twenty years ago (and more). Innovation always yields...
Persistent link: https://www.econbiz.de/10012871004
Persistent link: https://www.econbiz.de/10012871026
A pair of recent, long-form articles in the New York Times Magazine and Wired UK — the latest in a virtual journalistic cottage industry of such articles — chronicle the downfall of British price comparison site and stalwart Google provocateur, Foundem, and attribute its demise to...
Persistent link: https://www.econbiz.de/10012871029
Although the FTC is well-staffed with highly skilled economists, its approach to data security is disappointingly light on economic analysis. The unfortunate result of this lacuna is an approach to these complex issues lacking in analytical rigor and the humility borne of analysis grounded in...
Persistent link: https://www.econbiz.de/10012871032