6 Pages Posted: 2 Oct 2013
Date Written: September 30, 2013
This comment on the Federal Trade Commission’s (FTC) draft Strategic Plan FY 2014-FY 2018 addresses two areas that the Commission should consider. First, the Commission should integrate economic analysis into its consumer protection mission to the same degree that it has into its competition mission. Such integration will aid the Commission in allocating resources in the manner that maximizes consumer benefits. Second, the FTC should include countervailing negative impacts on consumers – through, for example, adverse effects on competition, reductions in marketplace information, or reduced incentives to innovate – when setting priorities for, and assessing the performance of, its consumer protection mission.
Keywords: Bureau of Consumer Protection, consumer harm, data security, economics, enforcement, Federal Trade Commission Act, net impact, non-enforcement, Pfizer, privacy, Section 5, unfair practices
JEL Classification: A11, A12, B41, F13, F15, K20, L51
Suggested Citation: Suggested Citation
Cooper, James C., Comment on FTC Strategic Plan 2014-2018 (September 30, 2013). George Mason Law & Economics Research Paper No. 13-53. Available at SSRN: https://ssrn.com/abstract=2333794 or http://dx.doi.org/10.2139/ssrn.2333794
By Marina Lao