We start with a controversial editorial by Robert Reich on Big Tech, move on to exciting happenings in Europe (Corbyn’s victory, damages, an attack on economics, etc.) as the FTC weighs in on several key areas (Sysco, power regulation, active investors). Plus much more.
Big Tech Has Become Way Too Powerful The real question is how government organizes the market, and who has the most influence over its decisions. Robert B. Reich (New York Times)
Indeed, embracing the fundamental principles of competition and consumer protection may be essential to creating a package of economic policies that are coherent enough to win over aspirational centre-left voters.
Andreas Stephan (Competition Policy Blog)
Old-school antitrust with modern economic tools But in many ways, the decision [Sysco] represents no great leap forward on any particular point of law or economic analysis. Debbie Feinstein (FTC Competition Matters)
The more I dig into the case law and administrative practice, the more apparent it is to me that the objectives of EU competition law are of marginal relevance in the decision-making process.
Change may be coming to a plug near you Measuring performance of new regulations against the goal of more choices and consumer-driven demand would strengthen competitive forces in retail markets and induce efficiency improvements and more rapid innovation. John Seesel (FTC’s Competition Matters)
Competition Among Competition Regimes: Recent Developments in Europe and Welfare Implications In particular, the implementation of the Directive will raise the financial risks for “dominant” or “potentially dominant” firms operating in Europe, who may be further disincentivized from undertaking novel welfare-enhancing business practices that preserve or raise their market share. Alden Abbott (Truth on the Market)
Two proposed mergers involving four of the nation’s biggest health insurers could reduce competition in an important industry.
Editorial Board (NY Times)
Slower Crony Capitalism: The Immediate Aftermath of NC Board So the case, so far, has expanded application of the federal antitrust laws, triggered more lawsuits and resulted in more, not less, state oversight of economic activity. Steven Cernak(AntitrustConnect Blog)
“Investment-only” means just that This settlement thus contains valuable information for investors as well as CEOs or board members about conduct that is inconsistent with an intent to be a passive investor. Debbie Feinstein, Ken Libby, & Jennifer Lee (FTC Antitrust Matters)
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