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How Will the FTC Evaluate Vertical Mergers?

How Will the FTC Evaluate Vertical Mergers?

By: Herbert Hovenkamp & Carl Shapiro (Pro Market) On September 15th, 2021, by a 3-2 vote, the Federal Trade Commission withdrew the Vertical Merger Guidelines that had...
Missing the Forest for the Trees: A Reply to Hovenkamp and Shapiro

Missing the Forest for the Trees: A Reply to Hovenkamp and...

By: Hal Singer & Marshall Steinbaum (Pro Market) As economists who filed separate comments opposing the 2020 Vertical Merger Guidelines (VMGs), we were befuddled by the hostile reaction...
The FTC Withdraws Vertical Merger Guidelines. Will it Take on Big-Tech Small Acquisitions Next?

The FTC Withdraws Vertical Merger Guidelines. Will it Take on Big-Tech...

By: Steven Cernak & Luiz Blanquez (The Antitrust Attorney) As expected, the FTC on a 3-2 vote decided to withdraw its approval of the Vertical Merger Guidelines, issued...
FTC

FTC Votes 3-2 To Rescind Vertical Merger Guidelines

As expected, the Federal Trade Commission (FTC) has voted to "withdraw" its "flawed" vertical merger guidelines, which were issued jointly by the FTC and...
Vertical Integration Antitrust Healthcare Industry

Stacking the Blocks: Vertical Integration and Antitrust in the Healthcare Industry

For many decades, the U.S. healthcare industry mostly consisted of a diversity of unintegrated physicians, hospitals, and insurers. Over the last 10 to 15...
Highlights of the Much-Awaited U.S. Vertical Merger Guidelines

Highlights of the Much-Awaited U.S. Vertical Merger Guidelines

The new U.S. Vertical Merger Guidelines close the gap that was long manifest between the old guidance and both the economic theory and the...
The Possibility of Social-Surplus-Reducing Vertical Mergers

The Possibility of Social-Surplus-Reducing Vertical Mergers

Despite the common view that vertical mergers are generally less problematic than horizontal mergers, it is also recognized that they are not always innocuous....
Economic Tools for Analyzing Vertical Mergers in Healthcare

Economic Tools for Analyzing Vertical Mergers in Healthcare

Several recent investigations of vertical transactions in healthcare, along with the promulgation of new draft Vertical Merger Guidelines by the FTC and the DOJ,...
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